Annual General Meeting of Schaffner Holding AG

Media Release

Annual General Meeting of Schaffner Holding AG

Shareholder proposal to increase distribution to CHF 3.50 per share has been accepted

Shareholders at the 17th Annual General Meeting of Schaffner Holding AG on 14 January 2013 approved the shareholder proposal to increase the distribution by CHF 1.50 per share over the Board's proposal and to thus pay out CHF 3.50 per dividend-bearing share. As a result, up to a maximum of CHF 2,225,790, or approximately 57% of net profit for the period, will be distributed to shareholders. This payment from share premium reserve will be made beginning on 21 January 2013 and is exempt from Swiss anticipatory tax.

In all other business, shareholders approved the proposals of the Board of Directors. Board Chairman Daniel Hirschi was re-elected to the Board for a further term of two years. Gerhard Pegam was newly elected to the Board for a two-year term. Pegam, an Austrian citizen, is an experienced industrial manager and, since 2010, has been a member of the Board of Directors and the Strategy Committee of OC Oerlikon Corporation AG. Since 2011, he also serves on the Supervisory Board of Süss Micro Tech AG. For eleven years, until 2012, Pegam was Chief Executive Officer of EPCOS AG, which operates in similar markets as the Schaffner Group. He holds a degree in electrical engineering from Klagenfurt Technical College in Austria. Ernst & Young AG, Berne, were re-elected as independent auditors for fiscal year 2012/13.

Luterbach, 14 January 2013

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