Current Report No. 4/2023Date: 18 May 2023Topic: Motion of theGPW Management Board to the Exchange Supervisory Board for its opinionon the proposed distribution of the Company's profit for 2022Legalbasis: Article 17(1) of MAR - inside informationContent:TheManagement Board of the Warsaw Stock Exchange ("Exchange", "GPW","Company") hereby announces that it intends to request the ExchangeSupervisory Board's opinion on the motion concerning the distribution ofthe profit for the financial year 2022 which provides for the payment ofa dividend of PLN 113,324,400.00 (in words: one hundred thirteen millionthree hundred twenty-four thousand four hundred zloty).The proposeddividend payment of PLN 113,324,400.00 implies a dividend of PLN 2.70per share. The dividend payout ratio will be 78.17% of the consolidatedprofit and 97.09% of the net profit attributable to the shareholders ofthe parent entity adjusted for the share of profit of associates and thedividend yield will be 7.35% based on GPW's capitalisation as at 17 May2023.The recommendation of the Exchange Management Board is inline with GPW's dividend policy, which provides for the payment ofdividend, depending on the profitability and financial capacity of GPW,above 60% of the consolidated net profit of the GPW Group of thefinancial year attributable to the shareholders of GPW adjusted for theshare of profit of associates.The Management Board, recommendingthe amount of dividend, took into account the following importantfactors:- financial results reported by the GPW Group in 2022;-Guidelines for Companies of the State Treasury which Prepare FinancialStatements for 2022, approved by the Chancellery of the Prime Ministerin August 2022;- consistently high return ratios in 2022: ROE(14.7%) and ROA (11.2%), consistently high current liquidity (4.2), highand growing financial resources, and no risk to the payment of debt(negative net debt);- investment needs derived from theimplementation of the GPW Group's strategy;- the dividendyield and the payout ratios used by comparable companies;- liquidityneeds of the GPW Group depending on actual and expected market andregulatory conditions, current operating expenses and debt service, andoptimisation of the structure of financing of the GPW Group.TheGeneral Meeting is the Company's body exclusively competent to decideabout profit distributions, including dividend payments.Legalbasis: Article 17(1) of Regulation (EU) 596/2014 of the EuropeanParliament and of the Council of 16 April 2014 on market abuse (marketabuse regulation) and repealing Directive 2003/6/EC of the EuropeanParliament and of the Council and Commission Directives 2003/124/EC,2003/125/EC and 2004/72/EC (EU Official Journal L 173) ("MAR").