Dividend Overview

Dividend proposal as published in the 2020 Annual Report:

At the beginning of 2020, the adidas AG Executive and Supervisory Boards intended to recommend paying a dividend of € 3.85 per dividend-entitled share to shareholders at the 2020 Annual General Meeting, as a result of the strong operational and financial performance in 2019, the company’s robust financial position, and Management’s confidence in our long-term growth aspirations. In April 2020, adidas then took decisive steps to safeguard the company’s financial flexibility to bridge the unprecedented situation caused by the global coronavirus pandemic. The decision to take on a syndicated revolving loan facility under the participation of KfW, Germany’s state-owned development bank, resulted in a de facto suspension of dividend payments for the duration of the facility. The syndicated loan was fully replaced in November 2020. The adidas AG Executive Board decided in February 2021 to resume the company’s dividend payments. Subject to the approval by the Supervisory Board, the company will propose paying a dividend of € 3.00 per dividend-entitled share for the financial year 2020 to adidas shareholders at the Annual General Meeting on May 12, 2021.

^* Subject to Annual General Meeting approval.^.