The Board of Dr. Martens plc has approved, and the Company has declared an increased interim dividend of 1.56 pence per share (H1 FY22: 1.22 pence)which is up 28%. This is calculated as a 35% earnings pay-out which will be paid on 3 February 2023 to shareholders on the register at 6 January 2023. As previously guided the Board has adopted a progressive dividend policy taking into account financial performance, market conditions and need for financial flexibility.

The policy takes into consideration the characteristics of business, expectations for future cash flows and plans for organic investment in innovation, brand and people.