Dividend and dividend policy

The Board of Directors of the Company has adopted a dividend policy pursuant to which the Company aims to distribute annually growing dividend, which is on an annual basis at least 30 percent of its reported net profit. The Board of Directors of the Company estimates annually the balance between dividends to be distributed and funds to be used for Duell’s growth and based on this assessment, makes a proposal on the amount of dividends to be distributed, which may for any single year differ significantly from the target level set in the dividend policy.