Dividends and dividend policy

The Board of Amadeus IT Holding, S.A., in the meeting held on October 18, 2012, reviewed the dividend policy of the Company, increasing the proposed pay-out ratio to between 40% and 50% of the consolidated profit (excluding extraordinary items), compared to the previous policy, fixed in 2010, which consisted of a pay-out ratio of between 30% and 40%. The new dividend policy, applicable to the period of 2012 and onwards, also establishes the payment of an interim dividend related to the results of each financial period.

The amount of future dividends we decide to pay, if any, and our future dividend policy will however depend on a number of factors, including our earnings, financial condition, debt service obligations, cash requirements, prospects or market conditions. The amount of dividends is proposed by our Board of Directors and determined by our shareholders at general shareholders' meetings.

LATEST DIVIDENDS APPROVED

On December 13, 2012 the Board of Directors of the Company approved the distribution of an interim gross dividend from the profit for fiscal year 2012 of a fixed amount of €0.25 per share. The payment of the interim dividend was made effective on January 30, 2013 through the member entities of Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A., (IBERCLEAR), with Banco Bilbao Vizcaya Argentaria acting as paying agent.

2011 Dividend payment

On November 30, 2011 the Board of Directors of Amadeus IT Holding, S.A. approved the distribution of an interim gross dividend from the profit for fiscal year 2011 of a fixed amount of € 0.175 per share (payable to each of the existing and outstanding shares with dividend rights at the date of payment). The payment of the 2011 interim dividend was made effective on January 30, 2012.

Subsequently, on February 23, 2012 the Board of Directors of Amadeus IT Holding, S.A. formulated the annual accounts corresponding to the year ended December 31, 2011, and submited to the Shareholders' General Meeting for approval a proposal to pay a gross dividend of € 0.37 per share against the results of the financial year closed on December 31, 2011.

The Shareholders' General Meeting, held on June 21, 2012, approved the dividend distribution proposal. The total value of the dividend is €163.6 million, representing a pay-out of 36% of the 2011 reported profit for the year from continuing operations (excluding extraordinary items related to the IPO).

The complementary dividend to achieve the proposed final gross dividend, amounting to € 0.195 per share, was paid on July 27, 2012 (payable to each of the existing and outstanding shares with dividend rights at the date of payment).