Dividends

The dividend policy is: “OMV Petrom S.A. (“the Company”) is committed to deliver a competitive shareholder return throughout the business cycle, including paying a progressive dividend, in line with financial performance and investment needs, considering the long-term financial health of the Company. In a favorable market environment and at management discretion, special dividends may also be distributed, provided that the Company’s investment plans are funded.”  

The Company maintains the target to increase its base dividend per share by 5% - 10% per annum by 2030.  

Moreover, the Company provides a new guidance to distribute total dividends (base and special) between 40-70% of the operating cash flow each year by 2030. On average for 2022-2030, total dividends are expected to account for approximately 50% of the operating cash flows (40% before), in a base case price scenario (updated on June 18, 2024). 

Payment period: December 3, 2025 - December 5, 2028
Expire on: December 6, 2028

Value:  RON 0.0200 per share (gross value); where applicable any withholding tax payable will be deducted prior to payment, at the rate provided by the law. 
Payable to: shareholders registered in the shareholders registry kept by Depozitarul Central S.A on the registration date November 11, 2025.

Payment of dividends is made through Depozitarul Central S.A. and BRD - Groupe Société Générale (BRD agencies list: https://www.brd.ro/agentii-si-atm-uri).

Payment period: June 3, 2025 - June 6, 2028
Expire on: June 7, 2028

Value:  RON 0.044 per share (gross value); where applicable any withholding tax payable will be deducted prior to payment, at the rate provided by the law. 
Payable to: shareholders registered in the shareholders registry kept by Depozitarul Central S.A on the registration date May 13, 2025.

Payment of dividends is made through Depozitarul Central S.A. and BRD - Groupe Société Générale (BRD agencies list: https://www.brd.ro/agentii-si-atm-uri).

Payment date: September 3, 2024 - September 6, 2027
Expire on: September 7, 2027

Value: RON 0.0300 per share (gross value); where applicable any withholding tax payable will be deducted prior to payment, at the rate provided by the law. 
Payable to: shareholders registered in the shareholders registry kept by Depozitarul Central S.A. on the registration date August 12, 2024.

Payment of dividends is made through Depozitarul Central S.A. and BRD - Groupe Société Générale (BRD agencies list: https://www.brd.ro/agentii-si-atm-uri).

Payment period: June 5, 2024 - June 8, 2027
Expire on: June 9, 2027

Value: RON 0.0413 per share (gross value); where applicable any withholding tax payable will be deducted prior to payment, at the rate provided by the law. 
Payable to: shareholders registered in the shareholders registry kept by Depozitarul Central S.A on the registration date May 15, 2024.

Payment of dividends is made through Depozitarul Central S.A. and BRD - Groupe Société Générale (BRD agencies list: https://www.brd.ro/agentii-si-atm-uri).

Payment period: October 19, 2023 - October 19, 2026
Expire on: October 20, 2026

Value: RON 0.0450 per share (gross value); where applicable any withholding tax payable will be deducted prior to payment, at the rate provided by the law. 
Payable to: shareholders registered in the shareholders registry kept by Depozitarul Central S.A on the registration date September 28, 2023.

Payment of dividends is made through Depozitarul Central S.A. and BRD - Groupe Société Générale (BRD agencies list: https://www.brd.ro/agentii-si-atm-uri).

Payment period: June 7, 2023 - June 9, 2026
Expire on: June 10, 2026

Value: RON 0.0375 per share (gross value); where applicable any withholding tax payable will be deducted prior to payment, at the rate provided by the law. 
Payable to: shareholders registered in the shareholders registry kept by Depozitarul Central S.A on the registration date May 15, 2023.

Payment of dividends is made through Depozitarul Central S.A. and BRD - Groupe Société Générale (BRD agencies list: https://www.brd.ro/agentii-si-atm-uri).

Dividends are proposed by the Executive Board each year and are subject to Supervisory Board’s approval and shareholders’ approval during the Ordinary General Meeting of Shareholders. The Ordinary General Meeting of Shareholders for the approval of the annual financial statements establishes the amount of gross dividend per share, as well as the payment process, based on the proposal made by the Executive Board.

Under the Companies Law and in accordance with the Articles of Association, each fully paid Share gives its owner the right to receive dividends. All Shares, other than Treasury Shares, bear equal and full rights to dividends. The Company observes the one share, one vote, one dividend principle. There are no preference shares without voting rights or shares conferring the right to more than one vote. 

Dividends are distributed to the shareholders on a pro rata basis proportionately to their participation in the paid-up share capital of the Company. Payment of dividends is made only to shareholders registered in the shareholders’ register on the record date set by the Ordinary General Meeting of Shareholders. The record date must be set on a date that is at least 10 business days after the Ordinary General Meeting of Shareholders approving the dividend payment takes place. According to the Capital Markets Law, a payment date is to be set by the Ordinary General Meeting of Shareholders, and must be on a business day no later than 15 business days after the record date, but not exceeding six months from the date of the Ordinary General Meeting of Shareholders approving the dividend distribution.  

The Company must publish, before the dividend payment date, a press release in a nationwide newspaper specifying the value of the dividend per share, the ex date, the record date and the dividend payment date, as approved by the Ordinary General Meeting of Shareholders, as well as the means of dividend payment and identifying information of the paying agent. 

Any dividends that are not claimed within three years from the date on which their payment becomes due may be retained by the Company. 

According to the Companies Law, a dividend distribution out of fictitious profits or from sources that cannot be distributed, in the absence of financial statements or contrary to the relevant data included in the financial statements, leads to criminal liability of the directors, managers, members of the executive board or of the supervisory board or the legal representatives of a company. Furthermore, if the Company registers a loss of its net assets, the share capital must be replenished or reduced before any dividend distribution. In addition, if the Company has accumulated losses, it may not pay dividends until the losses are offset. 

According to the Companies Law, dividends may be distributed only from profits determined according to the law, as reported in the annual financial statements, approved by the Ordinary General Meeting of Shareholders. No interim dividends may be distributed.