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Financial Targets and Dividend Policy

The EQT AB Group’s Board of Directors has adopted the following medium- to long-term financial targets over the cycle:
Total revenue growth* is expected, over time, to exceed the long-term growth rate of the private markets industry; and 
Adjusted EBITDA margin** is expected, over time, to be in the range of 55 percent to 65 percent.

The Board of Directors of EQT AB Group has adopted the following dividend policy: 
EQT AB Group expects to generate a steadily increasing annual dividend in absolute euro-denominated terms.

The Board of Directors is expected to propose a first dividend of approximately EUR 200 million in respect of the fiscal year of 2019, payable in 2020 (translated into a SEK per share amount). The expectation is that it will be a semi-annual dividend, paid in two equal parts in Q2 and Q4.

* Percentage change between total revenue in two periods.
** Calculated as Adjusted EBITDA divided by Adjusted total revenue.