In accordance with the dividend distribution policy of the company, the Board of Directors of Solvac S.A. decided to set the first interim dividend at 60% of the total dividend of the previous year, being ?3.35 gross. This amount is increased by 2.8% compared to the first interim dividend of 2022. The net amount of the first interim dividend settles at ?2.345, after deduction of a withholding tax of 30%. This first interim dividend will be paid on August 24, 2023 and will lead to a gross distribution of ?71,6 million. The Solvac shares will trade ex-dividend on Euronext Brussels, from August 11, 2023 and transactions must be notified to on August 16, 2023 at the latest.

The second interim dividend which will be decided by the Board, will be released on December 14, 2023 and will be paid on December 29, 2023. With an unchanged dividend policy, Solvay's interim dividend which would be decided in November should increase following the increase of ?0.20 gross per share in Solvay's total ex-22 dividend. In line with its policy of distributing substantially all of Solvay's dividends after deducting its costs and financial charges, the Board of Directors is expected to decide in December to increase the total dividend for the 2023 financial year to ?5.81 gross per share. Such a distribution would result in a cash outflow in 2023 of ?124.2 million. The second interim payment should therefore amount to ?2.46 gross per share, i.e. ?1.722 net per share (after deduction of the withholding tax of 30%).