Investor Presentaiton

Maintaining Dividend Payment History 30 Dividends & Dividends/Share (in millions of $ & in dollars) 13 12 3.7% 10 3.2% 9 9 1.12 1.12 1.12 1.12 1.12 2018 2019 Dividends (M$) Dividend Yield (in %) 2.0% 1.7% 1.8% 68% Dividend/OFCF1&2 (in %) 51% Target range: 25%-30% 36% 35% 27% 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Dividends/Share ($) 1) This is a non-GAAP measure. Please refer to the MD&A. 2) OFCF CFO less capex and excluding working capital The dividend payment will be re-evaluated over time given its relative size to OFCF 40 YEARS OF CALIAN

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