Clarins’ dividend distribution policy depends on the company’s earnings. The company’s policy is, where earnings permit, to ensure a payout ratio of 35%. It generally does not pay an interim dividend. Dividends not claimed within five years after their distribution date lapse in favour of the French government.

For 2007, the Annual General Meeting of May 6, 2008 approved a dividend of €0.85 per share with a payment date of June 9, 2008. This dividend qualifies for a tax credit of 40% in accordance with point 2 section 3 of article 158 of the French general tax code (Code général des impôts).
In the past five years (2003-2007), the average payout rate based on the Group’s share of consolidated net income was 43.2%.