Board of Directors’ proposal for the appropriation of retained earnings and distribution from distributable paid-in capital

At the Annual Shareholder Meeting the Board of Directors will propose the following appropriation of retained earnings:

01 Proposal for appropriation of 2017 retained earnings

At the Annual Shareholder Meeting the Board of Directors will propose the following appropriation of retained earnings:

In thousands of CHF

2017

Earnings brought forward

74,510

Transfer from distributable paid-in capital reserve

26

Net income for the year

14,788

Retained earnings available for distribution

89,323

Earnings carried forward

89,323

02 Proposal for distribution from distributable paid-in capital

At the Annual Shareholder Meeting the Board of Directors will propose to pay a distribution of CH 1.50 per share from distributable paid-in capital.

Provided the proposal is approved, the movement in the distributable paid-in capital reserve will be as follows:

In thousands of CHF

2017

Distributable paid-in capital reserve

19,233

Payout of CHF 1.50 per share (prior year: CHF 1.20)

(11,630)

Distributable paid-in capital reserve after disbursement

7,602

If the proposal is approved, the net distribution of CHF 1.50 per entitled share will be paid on May 3, 2018.