Any decision to distribute cash to shareholders will be made in due consideration of the capital structure targets and availability of excess cash. Determining the level of excess cash will always be based on the company’s growth plans and liquidity requirements.

The Board’s general intention is to recommend a dividend of 25-30 percent of the year’s net result after tax, which will be paid out following the approval by the Annual General Meeting.

Payment day:                   The third bank day after the General Meeting

Currency:                              Danish kroner (DKK)

The consensus sheet is prepared based on input received from the analysts covering the Vestas share and is prepared approx. two weeks before and after the disclosure of a financial report. Participation and sample size may vary.

Currently around 25 analysts cover the Vestas share. Please see their contact information below.

^{Disclaimer: According to Vestas' information, the analysts listed above cover the Vestas share. Analyses from these analysts have not been presented to the company for approval. Vestas thus disclaims the content of such analyses.}