The SnowWorld share

General

Major Holdings Disclosure Act

Under the Major Holdings Disclosure Act (Wet Melding Zeggenschap – WMZ), shareholders of a Dutch company are required to inform the Netherlands Authority for the Financial Markets (AFM) if they have a holding in the company's share capital. The following shareholders have reported holding an interest of more than 3% in SnowWorld N.V.'s share capital. (As per 22 May 2018).

• Alychlo N.V. (over 95%)

Dividend policy

The proposed dividend policy was accepted at the General Meeting of Shareholders on 12 March 2015. This policy means that with effect of the 2014/2015 financial year SnowWorld N.V. will pay out a dividend payout ratio of approximately 30% to 50% of the result after tax. There is a possibility of proposing an optional dividend (cash dividend or stock dividend).

During the shareholders' meeting of 11 March 2016 the dividendproposal for 2014/2015 was adopted. Click here for the content and implementation of the approved proposal.

During the shareholders' meeting of 17 March 2017 the dividendproposal for 2015/2016 was adopted. Click here for the content and implementation of the approved proposal.

In view of SnowWorld's strategy, which will require substantial investments in the coming years, SnowWorld has decided to submit a new dividend policy to its shareholders. The new dividend policy means that it is proposed to fully retain the net profit in the coming years and to use it for investments and financing of the growth of SnowWorld. The amended dividend policy was approved by the Annual General Meeting of Shareholders on 16 March 2018. As a result, the dividend will be passed from the 2016/2017 financial year and the result will be added to the reserves.