Dividend Policy

In deciding whether to propose a dividend and in determining the dividend amount, the board of directors will take into account legal restrictions as set out in the Norwegian Public Limited Companies Act, the company’s capital requirements, including capital expenditure requirements, its financial condition, general business conditions and any restrictions in the company’s borrowing arrangements or other contractual arrangements in place at the time.

The company believes that it will serve its shareholders best by investing for the long term and growing and developing the business. The company’s dividend policy is that the company does not expect to pay any dividend in the short to medium term as the company intends to use its profit for both organic and inorganic growth initiatives as well as product and technology innovation. The company will in the future continuously evaluate its capital allocation and will prioritize organic growth investments and synergistic acquisitions over dividends if the company expects that this will generate an attractive return on capital.