Adjustment of the original dividend proposal for the 2019 financial year

Managing Board and Supervisory Board of HeidelbergCement AG adjust the original dividend proposal for the 2019 financial year from €2.20 to €0.60 per share

In view of the scope and extent of the Corona crisis and the still high level of uncertainty regarding future developments, the Managing Board and the Supervisory Board of HeidelbergCement AG have decided to suspend the progressive dividend policy for the time being. The aim is to maintain the good financial profile of the Company.

Against this background, the Managing Board and the Supervisory Board will propose a dividend of €0.60 per share for the 2019 financial year to the Annual General Meeting on 4 June 2020. Originally, the dividend proposal was €2.20 per share. As a result, 317 million € from the originally proposed dividend payment of €437 million will remain in cash with the Company.

The Company reaffirms its fundamental position of returning to its previous dividend policy once the Corona crisis has been overcome, with a dividend that will at least remain constant or rise in the medium term to approx. 40% in relation to the Group's share of profit.