In respect of the previous financial years, it has been proposed to the Shareholders' Meetings called on 1 July 2014, on 30 June 2015 and on 5 July 2016 not to distribute dividends.

Since the resolutions were approved by the shareholders, no dividend was paid in respect of the fiscal years ended 31 March 2014, 31 March 2015 and 31 March 2016.

As approved at the Shareholders’ Meeting on 4 July 2017, Alstom has distributed a dividend of €0.25 per share for fiscal year 2016/17.

The Board of Directors decided to propose a dividend of €0.35 per share in respect of fiscal year 2017/18 to the Shareholder’s Meeting that will meet on 17 July 2018. The ex-dividend date would be 20 July 2018 and the record date would be 23 July 2018. The dividend would be payable in cash from 24 July 2018.