European Electrotechnics updated its dividend policy

Board of Directors of European Electrotechnics approved a new dividend policy, which raises the minimum level of fixed dividend payments to shareholders. Company intends to allocate at least 50% of IFRS profit to dividends if the Net debt/EBITDA ratio is less than or equal to 0.5. If the ratio exceeds 0.5, the target level of dividend payments will be at least 20% of IFRS profit.