Proposal of the Board of Directors Audited


Concerning the Appropriation of Available Earnings and Reserve from Capital Contributions

CHF 2017
Available earnings brought forward1 1,603,898,183
Loss for the year (30,612,535)
Available earnings at the disposal of the Annual General Meeting 1,573,285,648
Allocation to General legal retained earnings reserve (10,774,306)
Available earnings carry-forward 1,562,511,342


CHF 2017
Legal capital reserves qualified as reserves from capital contributions 3,086,833,393
Reserves from capital contributions 3,086,833,393
Payment of a dividend (out of reserves from capital contributions) in 2017 of CHF 2.75 (2016: CHF 2.75) per share on the share capital eligible for dividend of CHF 74,242,832  (2016: CHF 57,290,140) (204,167,788)
Available reserves from capital contributions carry-forward 2,882,665,605

If the General Annual Meeting approves the above proposal from the Board of Directors, the dividend of CHF 2.75 per registered share, net of withholding tax (as per Article 5 Abs 1bis VStG), will be paid as of 11 May 2018.


Basel, 7 March 2018


Rolf Soiron
Chairperson of the Board of Directors

Richard Ridinger
Chief Executive Officer