Dividend

KCC intends to distribute quarterly dividends of minimum 80% of free cash flow to equity (EBITDA - debt service - maintenance CAPEX), provided that all known, future capital and debt commitments are accounted for, and the company’s financial standing remains acceptable. Dividends to be declared and paid quarterly. Declared in USD and paid in NOK. At the discretion of the Board. New investments will normally be subject to a separate equity raise.