The board of directors of EPP N.V. had resolved to postpone the payment of the cash dividend of EUR 5.82 cents per share for the six months ended 31 December 2019 ("dividend") pending the continued assessment of the impact of COVID-19 on EPP's operations and liquidity. Given the uncertainty of future trading conditions and the difficulty in determining the impact of COVID-19 on EPP as a whole, the Board in the circumstances has decided to prioritise EPP's sustainability, by adopting prudent precautionary measures to preserve capital and maintain liquidity. As a consequence, the Board has resolved in terms of Dutch corporate law, to revoke the declaration of the dividend. Accordingly, no distribution to shareholders will be paid for the six-month period ended 31 December 2019. The EUR 53 million which will be retained by EPP as a consequence of the revocation of the dividend will ensure that EPP remains well capitalised to meet its liquidity needs during this period of uncertainty.