Proposal of the Board of Directors

Appropriation of Available Earnings and Repayments from Legal Capital Reserves

in CHF thousand

2025

Proposed appropriation of available earnings

Profit for the year

27,631

Total available earnings at the disposal of the Annual General Meeting

27,631

Proposed payment of a dividend out of available earnings

-

Available earnings carried forward

27,631

Proposed repayment from legal capital reserves

Reserves from capital contributions

461,965

Other capital reserves

455,484

Total legal capital reserves

917,449

Proposed repayment from reserves from capital contributions of CHF 0.41 per eligible share

(40,240)

Proposed repayment from other capital reserves of CHF 0.41 per eligible share

(40,240)

Total proposed repayment from legal capital reserves

(80,480)

Reserves from capital contributions after repayment

421,725

Other capital reserves after repayment

415,244

Total legal capital reserves after repayment

836,969

If the Annual General Meeting approves the above proposal for appropriation of available earnings and repayment from legal capital reserves, a dividend of total CHF 0.82 per share will be paid. Of this dividend, 50% will be paid out as repayment from reserves from capital contributions without deduction of Swiss withholding tax in accordance with Art. 5 para. 1bis of the Withholding Tax Act, with the other 50% paid from other capital reserves.