The Class A shares have voting rights and Adidas Ltd has no obligation to repay the capital on these shares. Class A

shareholders will only be entitled to a dividend once declared by the directors of Adidas Ltd$.$

The Class B shares are non$-$redeemable shares. Shareholders of Class B shares are entitled to a $6\%$ dividend $($on issue

price$)$ before Class A shareholders.

The Class C shares are non$-$cumulative non$-$redeemable shares. Shareholders of Class $C$ shares have a right to receive a

dividend of $7\%$ of the issue price at $31$ December every year, but only once declared by the Board of directors.

The Class D shares are redeemable preference shares that are entitled to a $7\mathrm{.}5\%$ dividend. The Class D shares were

issued on $1$ April $2015$ and are redeemable at the option of the holders on $1$ April $2025.$

Adidas Ltd experienced liquidity problems during the reporting period ended $31$ December $2020$ even though the company

made a profit, therefore no dividends were paid for that period. The following dividends were paid during the year ended $31$

December $2021$: