On 25th January 2016 the Board of AB Klaipėdos nafta has approved the Dividend Policy. The Dividend Policy provides that the Board of the Company shall, on the basis of net profit of previous financial year of the Company and General Manager’s proposal regarding profit distribution, present the draft decision to approve the dividend allocation equal to 50per cent of the Company’s annual net profit to the Company’s shareholders.

The main objectives for a dividend policy are:

• To create transparent dividend calculation procedure;
• To ensure attractiveness of investment into the Company;
• To balance short-term and long term interests of shareholders, that is to find a balance between short term profit distribution and long term Company development, value growth.

Dividend policy states that the management of the Company would propose to shareholders meeting to approve the distribution as dividends not less than 50 per cent of its net profit, if such distribution will not disturb the implementation of strategic projects and ensure acceptable financial ratios.

The amount of dividends proposed may be adjusted if:

• The significant change in Company’s financial standing and forecasted financial ratios;
• The Company has difficulties to collect compensation for the LNG terminal lease expenses;
• The change of plans for the implementation of strategic projects, their scope or funding needs.

AB "Klaipėdos nafta" the Dividend Policy document.  
                                                                                                
Below is the historical information about paid dividends in periods for the prior financial year:

	2019	2018	2017	2016	2015	2014	2013
Dividends in EUR thousand	11,577	17,031	9,656	17,629	92.6	103.2	118.8
Dividends per one share in EUR	0.03044	0.0447	0.0254	0.0463	0.0002	0.0003	0.0003
Net profit per 1 share in EUR	0.03044	0.0447	0.04	0.06	0.02	0.03	0.03
Dividends for net profit (of previous FY), %	100%	100%	70%	80%	1%	1%	1%