Aurubis : Proposal for the appropriation of the net income for fiscal year 2022/23
March 12, 2024
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Memorandum on the resolution of the Supervisory Board of
Aurubis AG
dated December 19, 2023
At its meeting on December 19, 2023, the Supervisory Board unanimously agreed to the Executive Board's resolution on the utilization of unappropriated earnings for fiscal year 2022/23 (presented here) after extensive discussion.
Hamburg, December 19, 2023
For accuracy:
Prof. Dr. Fritz Vahrenholt
Chairman of the Supervisory Board
Resolution of the Executive Board of
Aurubis AG
dated December 19, 2023
Proposal for the utilization of unappropriated earnings for fiscal year 2022/23
After extensive consultation, the Executive Board has unanimously passed a resolution to present the following proposal on the utilization of unappropriated earnings at the Annual General Meeting:
"The Executive Board and Supervisory Board propose to the shareholders at the Annual General Meeting that the unappropriated net income in the amount of € 203,664,752.42 reported in the adopted financial statements of Aurubis AG as at September 30, 2023 be used to pay a dividend to the shareholders of
1.40 per dividend-qualifyingno-par-value share, i.e., a total of € 61,122,642.00 on the dividend-qualifying subscribed capital of € 111,767,116.80 and that the amount of € 142,542,110.42 be carried forward."
The recommendation on the appropriation of earnings takes into account the company's treasury shares held directly or indirectly, which amounted to 1,297,693 shares on December 19, 2023 and are not dividend-qualifying in accordance with Section 71b of the German Stock Corporation Act (AktG). The company purchased these shares in the period from March 19, 2020 to Novem- ber 2, 2020 as part of the share buyback program that the company decided to undertake on March 18, 2020. The number of dividend-qualifying shares can change until the Annual General Meeting. In this case, the shareholders participating in the AGM will be presented with an accordingly adjusted recommendation for the appropriation of earnings, with an unchanged dividend proposal of € 1.40 per dividend-qualifyingno-par-value share. If the number of dividend- qualifying no-par value shares and thus the dividend total increases, the profit brought forward decreases accordingly. If the number of dividend-qualifying shares and thus the dividend total decreases, the profit brought forward increases accordingly.
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Aurubis AG is a Germany-based company engaged in the production of primary copper and precious metals, the recycling of secondary raw materials and the processing of copper into final products. Its product portfolio comprises rod and specialty wire, such as cast rod, directly cast, oxygen-free copper rod and a variety of drawn products; shapes; industrial rolled products; architectural solutions for surfaces and facades; bars and profiles for the electro-technical industry; cathodes; precious metals, such as gold and silver, which are extracted from copper concentrates and secondary raw materials; sulfuric acid, iron silicate, selenium, and recycled copper, precious metal and other non-ferrous metal products. The Company also operates copper slitting service centers.
AURUBIS AG 
