PIK will pay dividends of at least 15% of its profits

Board of Directors of PIK has approved a new dividend policy. Target value of dividends has been set at least 15% of the adjusted net profit under IFRS. Board of Directors may consider it inappropriate to pay dividends if, for example, the ratio of net corporate debt excluding escrow account balances to adjusted EBITDA exceeds 3x. The previous dividend policy required at least 30% of the adjusted profit to be allocated for dividends.