Growth Grant and Dividend Policy

Growth Grant and Dividend Policy 15 May 2023

Solution Dynamics Limited (SDL or Company) is pleased to announce it has received co-
funding from New Zealand Trade and Enterprise’s (NZTE) International Growth Fund (IGF).
The IGF is a contestable fund that aims to enable and accelerate international growth
projects. The IGF co-funding will support a range of SDL’s market development activities in
North America. The IGF provides 50:50 co-funding for eligible project costs up to a
maximum of $600,000 from NZTE over a three-year period.
A condition of the co-funding for SDL is that SDL cannot make distributions that exceed 50%
of net profit after tax (NPAT), without NZTE’s prior consent. The Directors have determined
that it is in the best interests of the Company to utilise the IGF co-funding and have
amended the dividend policy to operate with the lower dividend payout ratio cap of 50% for
the duration of the co-funding period (November 2022 – November 2025). At the conclusion
of the IGF co-funding period, the Directors will further review SDL’s dividend policy.
SDL thanks NZTE for its assistance, including direct in-market support, which has proved
invaluable in the Company’s international development.

For further information, please contact:
Pat Brand John McMahon
Chief Executive Officer Chair
+1-203-550 0865 +64-(0)21-0914 0236