Recommendation of the Management Board on the distribution of profit for the FY 2021/2022

Management Board of LiveChat Software S.A. (“Company”) informs that on June 30, 2022 it adopted a resolution regarding the distribution of net profit for the financial year from April 1, 2021 to March 31, 2022.

Pursuant to it, Management Board will propose to the Ordinary General Meeting the following distribution ofLiveChat Software S.A.‘s unit profit, which amounted to 118,574,091.81 PLN in the financial year 2021/2022:

• to allocate PLN 5,274,091.81 to top up the reserve capital
• to allocate PLN 113,300,000.00 for the payment of dividend to shareholders; which means that the value of the dividend per share will be PLN 4.40
• taking into account advance payments for dividends for the financial year 2021/2022, i.e. advance payments in the amount of PLN 29 355 000.00, paid by the Company pursuant to the Management Board Resolution No. 01/11/2021 of November 25, 2021 and advance payments in the amount of PLN 29 355,000.00, which will be paid on August 5, 2022 based on the resolution of the Management Board, the outstanding dividend for the financial year 2021/2022 will be paid to shareholders in the total amount of PLN 54,590,000.00, i.e. PLN 2.12 per share.
• The dividend will be distributed among 25,750,000 shares of the Company.

The Management Board recommends setting the Dividend Day on August 25, 2022 and the payment date on September 1, 2022.

The Management Board upholds the dividend policy, which assumes allocating the highest possible part of profit to payment to shareholders, unless there are investment opportunities that would provide the Company and shareholders with a higher rate of return than the payment of the dividend. As in the previous years, the above recommendation of profit distribution results from the provisions of the Code of Commercial Companies (CCC) according to which: “In the event that the costs of development works classified as company assets have not been written off completely, no profit may be distributed corresponding to the equivalent of the amount of unwritten work costs development, unless the amount of reserve and supplementary capital available for distribution and profits from previous years is at least equal to the amount of non-written costs.”