Ad hoc announcements pursuant to Art. 53 Listing Rules (LR)

Baar-Zug, 3 May 2012

The annual general meeting of shareholders was held today in Baar-Zug, at which the shareholders approved all proposals of the board of directors almost unanimously.

1. Approval annual report 2011

The shareholders approved the annual report 2011, the consolidated financial statements and the statutory financial statements.

2. Use and allocation of earnings

The shareholders approved the payment of a dividend of CHF 5.50 per share on 10 May 2012. The shares will be traded ex dividend as of 7 May 2012.

3. Management compensation report

The shareholders elected to vote on the compensation report in aggregate and approved the compensation paid to the members of the board of directors and the executive board for the financial year 2011 in an advisory vote.

4. Discharge of the board of directors and the executive board

The shareholders granted discharge to the members of the board of directors and the executive board for their activities during the financial year 2011.

5. Elections to the board of directors

Urs Wietlisbach and Dr. Wolfgang Zürcher were re-elected to the board of directors for further terms of three years each and Dr. Eric Strutz was re-elected to the board of directors for a further term of two years.

6. Election of the group and statutory auditors

The shareholders confirmed KPMG AG as group and statutory auditors for a further term of one year.