Schaffner Holding AG: 19 th Annual General Meeting approves the proposals of the Board of Director

Media Release

Schaffner Holding AG: 19th Annual General Meeting approves the proposals of the Board of Director

Outlook to be reviewed following the cancelation of the CHF/EUR minimum exchange rat

The Annual General Meeting of Schaffner Holding AG held on 15 January 2015 approved the proposals put forward by the Board of Directors, including a dividend payment of CHF 6.50 per dividend-entitled share. Thus, about 33 per cent of the net profit for 2013/2014 will be paid out. The distribution out of share premium, exempted from Swiss anticipatory tax, will take place as of 21 January 2015 (ex-dividend trading: 19 January 2015).

Elections

In addition, the shareholders re-elected the current members of the Board of Directors, Daniel Hirschi, Herbert Bächler, Gerhard Pegam, Suzanne Thoma and Georg Wechsler, until the end of the next Annual General Meeting. Daniel Hirschi was elected to be the chairman of the Board of Directors for the same term. Thereafter, Daniel Hirschi, Herbert Bächler and Suzanne Thoma were re-elected as members of the Compensation Committee until the end of the next Annual General Meeting. The shareholders appointed attorney-at-law and notary public Wolfgang Salzmann as the independent proxy for another year and Ernst & Young AG, Bern, was given the mandate of Statutory Auditor for fiscal 2014/15.

Compensation

The shareholders acknowledged in a non-binding consultative vote that they were in agreement with the compensation report for fiscal 2013/14. In setting the maximum aggregate amount of compensation for the Board of Directors and the Executive Board in fiscal 2015/16, the shareholders approved as proposed CHF 600,000 for the Board of Directors and CHF 4,000,000 for the Executive Board.

Outlook

In light of the Swiss National Bank’s decision on 15 January 2015 to discontinue the minimum CHF/EUR exchange rate, the Schaffner Group is currently reviewing the impact of this move on the Group’s short- and medium-term development. Schaffner has not had any production facilities in Switzerland for several years. Today, the Group has an efficient global production infrastructure, with manufacturing plants in China, Germany, Hungary, Thailand and the USA. The management expects the primary exchange rate effects to come from the translation into CHF and a higher percentage of fixed costs in CHF in the future.

Luterbach, 15 January 2015

Calendar

12 May 2015

Publication of Half-Year Report 2014/15 (half-year results)

8 December 2015

Publication of Annual Report 2014/15 (full-year results)

12 January 2016

20th Annual General Meeting

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