Dividend on ordinary shares

The 2021 interim dividend of €0.80 per ordinary share was paid on 27 August 2021. This interim dividend represented one third of the total dividend paid over the prior year.

The interim dividend was paid in cash or in the form of ordinary shares at the option of the shareholder, with a maximum of 40% of the total dividend amount available for stock dividend. Dividend in cash was paid after deduction of 15% Dutch dividend withholding tax. The ex-dividend date was 5 August 2021 and the record date was 6 August 2021.

As the % of shareholders that wished to receive stock dividend?(34.07%)?was below the 40% set as maximum for the stock dividend, no scaling down was required.

The Exchange Ratio of the interim dividend 2021 in shares amounted to 1 new ordinary DSM share as stock dividend for every 223.7039?existing stock-entitled ordinary shares.

Based on the average weighted price of 16 August up to and including 20 August 2021 (VWAP) of €178.9631, 1/223.7039 share (with VWAP of €178.9631) virtually equals the gross interim dividend in cash of €0.80 per ordinary share.

Both the cash dividend and stock dividend were made payable to shareholders on 27 August 2021.

DSM's Annual General Meeting of Shareholders?passed a resolution?on 6 May 2021 to declare?a dividend for the financial year 2020 of?€2.40 per ordinary share, a stable dividend compared with the €2.40 paid for 2019. An interim dividend of €0.80 per ordinary share having been paid in August 2020, the final dividend amounts to €1.60 per ordinary share.

The ex-dividend date was 10 May 2021, the record date was 11 May 2021 and the dividend payable from 1 June 2021.

This final dividend of €1.60 was paid out in cash or in the form of ordinary shares at the option of the shareholder. Dividend in cash was paid after deduction of 15% Dutch dividend withholding tax. The stock dividend was paid out from DSM’s own treasury shares (obtained through its share repurchase program) and subject to the conditions as stated in the Notes to the AGM Agenda.

The Exchange Ratio of the final dividend 2020 in shares amounted to 1 new ordinary DSM share as stock dividend for every 93.1571 existing stock-entitled ordinary shares.

Based on the average weighted price of 19 May up to and including 25 May 2021 (VWAP) of €149.0514, 1/93.1571 share (with VWAP of €149.0514) virtually equalled the gross dividend in cash of €1.60 per ordinary share.

The % of shareholders that wished to receive stock dividend was 40.49%. This was above the 40% set as maximum for the stock dividend, therefore scaling down was required. The shareholders who opted for a distribution in stock received stock dividend on a pro-rata basis (0.9880), with the remainder paid out in cash (less 15% dividend withholding tax).

Payment of the dividend on the ordinary shares and delivery of ordinary shares, with settlement of fractions in cash, took place as from 1 June 2021 based on the number of dividend rights delivered.