Aéroports de Paris - 2019 Universal registration document

FINANCIAL INFORMATION ON THE ASSETS, FINANCIAL POSITION AND CONSOLIDATED FINANCIAL STATEMENTS 18 PRO FORMA FINANCIAL DATA

18.5 PRO FORMA FINANCIAL DATA

Not applicable.

18.6 INTERIM FINANCIAL DATA

Not applicable.

18.7 DIVIDEND DISTRIBUTION POLICY

Amount of dividends distributed during the course of the last three financial years: ◆ With respect to 2018: €366 million or €3.7 per share, representing a payout ratio of 60% of net income; ◆ With respect to 2017: €342 million or €3.46 per share, representing a payout ratio of 60% of net income; ◆ With respect to 2016: €261 million or €2.64 per share, representing a payout ratio of 60% of net income. Dividend distribution policy The Annual General Meeting of Shareholders, held on 20 May 2019, voted to pay a dividend of €3.7 per share for the 2018 financial year, with an ex-dividend date of 7 June 2019. Given that the payment of the interim dividend (€0.70) on 10 December 2018, the dividend settlement (€2.76) was paid on 7 June 2019. This dividend corresponds to a payout ratio of

60% of the net result attributable to the Group for 2018 accounting period, and is unchanged since that of 2013 accounting period. The Board of Directors of Aéroports de Paris has decided in 2015 to implement a policy for the payment in cash of an interim dividend up until the financial year ending on 31 December 2020. For the 2019 financial year, this interim dividend amounts to €69.28 million, i.e. €0.70 per share. The dividend payment of the interim dividend was made on 6 December 2019 and payment of the interim dividend for 2019 was made on 10 December 2019. Since 1 January 2013, all dividends and interest paid for the benefit of natural persons are subject to the progressive scale for income tax after a reduction of 40%. The option for flat-rate withholding tax, as provided in article 117 quater of the General Tax Code has been discontinued. Statute of limitation Unclaimed dividends shall lapse to the government authorities at the end of a five-year period as from their date of payment.

18.8 LEGAL AND ARBITRATION PROCEEDINGS

JSC Investissements On 13 July 2013, JSC Investissements initiated an action for compensation before the Paris Commercial Court following the decision of Aéroports de Paris in 2004 not to grant an authorisation of temporary occupation of public property concerning the construction and operation of a centre for shopping and services on Paris-Charles de Gaulle airport site. The Court of Appeal, by a decision of 18 March 2015, confirmed the lack of jurisdiction of the civil courts, in favour of the administrative courts. Finally, the Jurisdictional Court, by a decision of 4 July 2016, recognised the jurisdiction of the administrative courts to hear the case and returned the parties to the Paris Administrative Court.

To date, other than the disputes mentioned below, neither Aéroports de Paris nor any of its subsidiaries have been in the past or are currently party to any legal action or arbitration procedure before an independent authority, government body or non-jurisdictional authority, that could give rise in the future, or has given rise in the last 12 months, to material adverse impacts on the financial position, business, income or assets of Aéroports de Paris or of its subsidiaries. The overall consolidated provisions created for all Group litigation and claims is shown in Note 8.1 to the consolidated financial statements in Chapter 18. The most significant disputes and claims were as follows:

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AÉROPORTS DE PARIS ® UNIVERSAL REGISTRATION DOCUMENT 2019