2019Integrated Report

Financial targets under the “Update of the GPW Group Strategy #GPW2022”

GPW Group financial targets for 2022:

Revenue

470

PLN mn in 2022

EBITDA

250

PLN mn in 2022

ROE

19% in 2022

(it may temporarily fall below 19% due to strategy implementation expenditures)

Cost/Income

C/I under 50% after 2022

(it may temporarily range from 63% to 55% due to strategy implementation expenditures)

Dividend

dividend payout rate not lower than 60% of consolidated net profit

dividend not lower than PLN 2.4 per share from 2019 profit

annual increase in the dividend from the 2020-2022 profits b at least PLN 0.1 per share

At the same time, the Company informs that these goals and assumptions of the strategy are not forecasts or estimates of results - including financial ones - and refer only to the intended directions of action in the years 2019-2022.