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Dividend policy Koninklijke DSM N.V. (DSM)

DSM’s policy is to provide a stable and preferably rising dividend to its shareholders.
Dividend per ordinary share over financial year

The DSM Annual General Meeting of Shareholders passed a resolution on 8 May 2019 to declare a dividend for the financial year 2018 of €2.30 per ordinary share, an increase of €0.45 (24%) from the €1.85 paid for 2017. An interim dividend of €0.77 per ordinary share was paid in August 2018, thus the final dividend amounts to €1.53 per ordinary share. The ex-dividend date on Euronext Amsterdam was 10 May 2019 and the record date was 13 May 2019.

This final dividend of €1.53 will be paid out in cash or in the form of ordinary shares at the option of the shareholder. Dividend in cash will be paid after deduction of 15% Dutch dividend withholding tax. Stock dividend will be paid out from DSM’s own treasury shares (obtained through its share repurchase program,) and subject to the conditions as stated in the Notes to the AGM agenda. As the % of shareholders that wish to receive stock dividend is below the 40% set as maximum for the stock dividend, no scaling down is needed.

Announcement of Exchange Ratio

The Exchange Ratio of the final dividend over 2018 in shares has been determined. This will amount to 1 new ordinary DSM share as stock-dividend for every 66.0527 existing stock-entitled ordinary shares.

Based on the average weighted price of 21 May up to and including 27 May 2019 (VWAP = €101.0606 as VWAP), 1/66.0527 share (with VWAP of €101.0606) represents a value of €1.53, which is virtually equal to the gross dividend in cash of €1.53 per ordinary share.

Both the cash dividend and stock dividend will be made payable to shareholders on 3 June 2019.

For approximately 927,192 new ordinary shares, a request to admit the new shares for admission to trading on Euronext Amsterdam will be made pursuant to article 5:4 sub e of the Financial Markets Supervision Act (Wet op het Financieel Toezicht).

Paying agent: ABN AMRO Bank N.V., tel: +31 20 344 2000, fax: +31 20 628 8481, email.

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