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ALSO Annual General Meeting Approves Dividend Increase of 22.2%

At the Annual General Meeting of ALSO Holding AG held in Lucerne, Switzerland on March 27, 2018, the shareholders approved the Annual Report 2017 and granted the Board of Directors and Group Management discharge for their activities. They also approved the compensation report for fiscal year 2017 in a non-binding advisory vote.

The shareholders approved the proposed appropriation of profit and distribution to receive CHF 2.75 per registered share from the capital contribution reserves (previous year CHF 2.25). The retained profit of CHF 279.0 million is being carried forward to the new account. The distribution from capital contribution reserves will be paid out from April 4, 2018 and is not subject to Swiss withholding tax or income tax for individuals resident in Switzerland who hold their shares as private assets.

The shareholders also approved for fiscal year 2018 the maximum amount of compensation for members of the Board of Directors. They also approved the maximum amount of fixed and variable compensation for members of Group Management for the same period.

The General Meeting reelected the former members of the Board of Directors, Peter Athanas, Walter P. J. Droege, Karl Hofstetter, Rudolf Marty, Frank Tanski, Ernest-W. Droege and Gustavo Möller-Hergt. The shareholders approved the reelection of Gustavo Möller-Hergt as Chairman of the Board of Directors. Peter Athanas, Walter P. J. Droege, and Frank Tanski were again elected members of the Compensation Committee, and Dr. iur. Adrian von Segesser, Attorney at Law and Notary Public, Lucerne, Switzerland, was appointed Independent Proxy. The term of office for all individuals runs until closure of the next annual general meeting.

Moreover, the shareholders elected PricewaterhouseCoopers AG, Lucerne, Switzerland, as statutory auditor of the company for fiscal year 2018.



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