The Board of Directors' recommendations about the dividends for H1 2023

At the meeting held on August 14, the Board of Directors recommended that the General Shareholders Meeting approve the payment of dividends for H1 2023 in the amount of RUB 320 per share before tax, for a total of  3.65 bln rubles, excluding payment of dividends on treasury shares. The total payment of dividends corresponds to 120% of BELUGA GROUP's net profit under IFRS for H1 2023. The growth of dividend’s payment per share will be 113% compared to the same period last year.

This amount of announced dividends takes into account the seasonality of the group’s business and contributes to a more even distribution of profits among shareholders throughout the year.

The Extraordinary Shareholders Meeting will be held on September 18, 2023 in absentia. It is recommended that the list of shareholders entitled to receive dividends be drawn up as of September 29, 2023.