27.2. Dividend

In accordance with the recommendation of the Management Board of the Company there was no dividend paid in 2020.

OPL S.A.’s retained earnings available for dividend payments to the Group’s shareholders amounted to PLN 4.1 billion as at 31 December 2020. The remaining balance of the Company’s retained earnings is unavailable for dividend payments due to restrictions of the Polish commercial law. Additionally, PLN 0.1 billion of OPL S.A.’s subsidiaries retained earnings as at 31 December 2020 was available for dividend payments by subsidiaries to OPL S.A.