Our dividend policy is based on constantly high and free cash flow covered dividend payments. We seek to distribute a dividend equivalent to 80 per cent of free cash flow.

freenet is therefore considered to be one of the top dividend stocks on the German capital market.

The dividend distribution of freenet AG was paid in full from the tax contribution account in 2024. The payment was therefore made without deduction of capital gains tax and solidarity surcharge. In 2025, the dividend will be paid out with a partial deduction of capital gains tax - the amount has not yet been determined. From 2026, the dividend will be paid out with full deduction of capital gains tax.

Domestic investors who acquired freenet AG shares after 31 December 2008 will realise a capital gain subject to withholding tax in the event of a sale. In the opinion of the German tax authorities, the distributions in this case reduce the acquisition costs of the shares for tax purposes and thus lead to a higher capital gain - and therefore to an implicit subsequent taxation of the dividends.

*The dividend yield is calculated by dividing the dividend per share and the closing price (XETRA) at the end of a financial year.

**The Annual General Meeting approves to pay a dividend for the 2020 financial year in the amount of 1.50 euros per no-par-value share and a special dividend of 0.15 euros per share.

***To ensure the financial stability and flexibility of the freenet Group at a time when the effects of the coronavirus crisis could not yet be foreseen, the proposal by the company’s management to suspend the dividend for the 2019 financial year and only distribute the legally binding statutory minimum of 0.04 euros per share was adopted with a majority of 94.74 per cent at the Annual General Meeting on 27 May 2020.