Treatment Change of Depository Receipt Dividends

Solactive AG will implement changes to the treatment of dividends from depository receipts (DRs) to improve the replicability of its indices and better align with standard market practices.

Currently, DR dividend payments are reinvested at their net amounts across both Gross Total Return (GTR) and Net Total Return (NTR) indices, resulting in the same reinvestment amount for both return types.

Starting June 30, 2025, Solactive will update this approach:

• GTR indices will reinvest the gross dividend amount.

• NTR indices will reinvest the net dividend amount, which is calculated using the applicable withholding tax (WHT) rate based on the country of incorporation of the dividend-paying company, along with any cash dividend fees announced by the depository bank.

This enhancement ensures consistency with the Solactive Equity Index Methodology and reflects prevailing market conventions more accurately.

Please find the Announcement Letter linked below. It includes a summary of the current and updated dividend treatment.