Dividend policy

The Company aims to declare dividends of a minimum amount of US$300 million per annum to be paid in semi annual instalments of minimum US$150 million each following interim and full year results. Based upon the financial performance of the business, the Board may consider a higher distribution level, taking into account the outlook for our major markets, the Board’s view of the long-term growth prospects of the business and future capital investment requirements, as well as the Company’s commitment to maintain a strong balance sheet. In line with the existing capital allocation policy, no dividends will be paid out if Net Debt/EBITDA is above 3.0x.

Distribution information

5 August 2021 13 August 2021 10 September 2021 US$0.55 US$802 million 15 April 2021 28 May 2021 25 June 2021 US$0.20 US$292 million 25 February 2021 12 March 2021 7 April 2021 US$0.30 US$437 million 6 August 2019 21 August 2019 2 October 2020 US$0.20 US$291 million 27 February 2020 6 March 2020 27 March 2020 US$0.40 US$581 million 8 August 2019 16 August 2019 5 September 2019 US$0.35 US$508 million 28 February 2019 8 March 2019 29 March 2019 US$0.40 US$577 million 15 November 2018 23 November 2018 21 December 2018 US$0.25 US$361 million 9 August 2018 17 August 2018 6 September 2018 US$0.40 US$577 million 24 May 2018 8 June 2018 22 June 2018 US$0.13 US$188 million 1 March 2018 9 March 2018 29 March 2018 US$0.30 US$430 million 10 August 2017 18 August 2017 8 September 2017 US$0.30 US$430 million 31 March 2015 US$3.10* US$336 million 9 April 2014 6 June 2014 US$0.06 US$90.4 million 30 August 2012 7 September 2012 US$0.11 US$147 million 28 March 2012 8 June 2012 US$0.17 US$228 million 12 October 2011 28 October 2011 US$3.30 US$491 million 28 August 2008 18 September 2008 US$8.25 US$1,011 million 17 April 2008 14 May 2008 US$4.20 US$479 million 05 October 2007 19 October 2007 US$4.80 US$568 million 24 May 2007 6 June 2007 US$3.30 US$390 million 15 November 2006 14 November 2006 US$1.95 US$229 million 23 May 2006 20 June 2006 US$1.35 US$158 million 25 November 2006 24 November 2005 US$1.65 US$200 million

*On 31 March 2015, the Board resolved to announce a return of capital to be effected by a tender offer to shareholders at US$3.10 per share in the amount of up to US$375 million. In April 2015, EVRAZ plc repurchased 108,458,508 of its own shares (US$336 million).