Dividend and tax value

As a priority, the Board of Directors of Galenica seeks to maintain an appropriate balance between attractive shareholder returns, investment of the profit in the operational business and a strong capital structure.

^{1) from reserves from capital contributions (without deduction of withholding tax)
2) CHF 0.90 from available earnings (with deduction of withholding tax) and CHF 0.90 from reserves from capital contributions (without deduction of withholding tax)}

The tax value of the Galenica registered share as of 31 December 2019 is CHF 59.85.