Dividends and Tax Value

As a priority, the Board of Directors of Vifor Pharma seeks to maintain an appropriate balance between attractive shareholder returns, investment of the profit in the operational business and a strong capital structure.

DIVIDENDS 2003-2016

Business year	Dividend per share (CHF)	Pay-out ratio (%)
2016	20.0	53.2
2015	18.0	38.7
2014	15.0	34.2
2013	14.0	30.6
2012	11.0	28.1
2011	9.0	26.0
2010	8.0	22.7
2009	7.5	23.1
2008	7.0	24.1
2007	6.0	29.0
2006	5.0	31.4
2005	4.3	35.0
2004	3.9	32.8
2003	3.6	35.1

Ex-date: 17 May 2018
Record date: 18 May 2018
Payment: 22 May 2018

TAX VALUE

The tax value of the Vifor Pharma share as of 31 December 2017 is CHF 124.90.