DSFIR.AS

Our objective is to deliver consistent and sustainable dividends to our shareholders. To achieve this, we have adopted a 'stable to preferably rising' dividend policy, reflecting our commitment to long-term value creation. Under this policy, we aim to maintain a stable dividend payout per ordinary share and progressively increase dividends over time, subject to compliance with Swiss law and the relevant provisions of the Articles of Association. The Board of Directors will propose the annual dividend amount per ordinary share which is typically announced alongside the publication of the financial results for the preceding year. The annual General Meeting of Shareholders will establish the dividend to be paid to the holders of ordinary shares. Our dividends are subject to Swiss Withholding Tax. We intend to pay the dividend partly out of normal reserves or retained earnings (which is currently subject to 35% Withholding Tax) and partly out of the capital contribution reserves (which is currently not subject to Withholding Tax), as to be specified in the annual dividend proposals to the AGM. Our approach is as follows: - If the dividend yield is below or equal to 2%, 50% of the dividend will be paid out of normal reserves or retained earnings and 50% will be paid out of capital contribution reserves. - Any dividends paid out in excess of a 2% dividend yield will be paid out of capital contribution reserves only (for example, if the yield is 2.1%, there would be a 1.0/1.1 split between retained earnings and capital contribution reserves). - The dividend yield will be calculated as a percentage based on the average share price of the previous financial year. Our ability and intention to declare and pay dividends in the future depend on several factors, including: (i) Financial position and performance: dsm-firmenich's financial position, results of operations, capital requirements, investment projects, distributable reserves and available liquidity. (ii) Subsidiary contributions: As we operate through subsidiaries, associated companies, and joint ventures, distributable profits depend significantly on these entities generating and distributing earnings to dsm-firmenich. (iii) Growth funding needs: Retaining part of our future profits to fund ongoing growth and development. (iv) External factors: Assumptions, risks, and uncertainties, many of which are beyond dsm-firmenich's control. (v) Other considerations: Any additional factors deemed relevant by the Board of Directors.