Sustainable Growth Strategy

Dividends in line with our policy Dividends declared euro cents per share 62 57 76 2.5x 2.4x 2.4x 2016 1. Excludes the 2017 special dividend of 100 euro cents per share 30 2017 2018 57 40 3.0x 2019 Interim dividend ■Final dividend ◇ Dividend cover 60 2.2x 19.00 20.00 2021 2020 Dividend policy unchanged Targeted cover range of 2-3x on average over the cycle mondi

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