Solactive Dividend Taxation Methodology Enhancement

Solactive AG has decided to make some changes with respect to the withholding tax applied to the distributions of dividends.

• To better reflect the taxation logic for distributions/dividend payments, Solactive AG will apply a specific withholding tax rates for the securities which are classified as REITs, wherever applicable.
• In general, distributions made by companies in the form of Return of Capital are tax-exempt. Solactive AG will apply a withholding tax rate of 0% for such distributions, wherever applicable.
• Companies in Brazil pay Interest on Capital which are subject to 15% withholding tax rate. Solactive AG will create more transparency by declaring the Interest on Capital payments and the regular dividends as separated entries.

Solactive AG has decided to introduce the enhancement of its dividend taxation practices with effect from December 01, 2021.

Please find the Announcement Letter below outlining the taxation practices prevalent in several countries either with respect to the security types or pertaining to certain corporate actions. For a better understanding, a summary of current treatment and the future treatment is also included.