Proposal by the board of directors for the distribution of profits

The parent company VVO Group plc’s distributable unrestricted shareholders' equity at 31 December 2015 was EUR 188,723,664.19, of which the profit for the financial period was EUR 159,582,730.80. No significant changes have taken place in the company’s financial position since the end of the financial year.

The Board of Directors proposes to the Annual General Meeting that the distributable funds be used as follows: a dividend of EUR 5.00 per share to be paid for every Series A share, totalling EUR 37,012,800.00, and EUR 151 710 864,19 to be retained in unrestricted shareholders’ equity.