Schaffner Holding AG 21 st Annual General Meeting approves proposals of the Board of Directors Election of Philipp Buhofer and Urs Kaufmann to the Board of Directors – the latter as Chairman

Media Release

Schaffner Holding AG

21st Annual General Meeting approves proposals of the Board of Directors

Election of Philipp Buhofer and Urs Kaufmann to the Board of Directors – the latter as Chairman

Luterbach, 12 January 2017 – The Annual General Meeting of Schaffner Holding AG on 12 January 2017 approved the proposals of the Board of Directors. In particular, it approved waiving payment of a dividend for the fiscal year 2015/2016.

Elections

The shareholders of Schaffner Holding AG elected Philipp Buhofer and Urs Kaufmann as members of the Board of Directors until the end of the next Annual General Meeting. Philipp Buhofer replaces Herbert Bächler, who did not stand for re-election after eight years as a member of the Board of Directors. Furthermore, Urs Kaufmann was also elected Chairman of the Board of Directors and member of the Compensation Committee until the end of the next Annual General Meeting. In addition, the current members Daniel Hirschi, Gerhard Pegam, Suzanne Thoma and Georg Wechsler were re-elected as members of the Board of Directors, and Daniel Hirschi and Suzanne Thoma as members of the Compensation Committee, all for the same period. The Annual General Meeting appointed attorney-at-law and notary public Dr. iur. Wolfgang Salzmann as the independent proxy, and BDO AG, Solothurn, was confirmed as statutory auditors for the fiscal year 2016/17.

Compensations

The shareholders acknowledged in a non-binding consultative vote that they were in agreement with the compensation report for the fiscal year 2015/16. In setting the maximum aggregate amount of compensation for the Board of Directors, consisting of six members, the shareholders approved as proposed CHF 650,000 until the next Annual General Meeting. With regard to the compensation for the Executive Board, which is expected to comprise the CEO and four other members, the shareholders approved as proposed the maximum aggregate amount of CHF 4,000,000 for the fiscal year 2017/18.

Contact

Kurt Ledermann

Interim CEO / CFO

T +41 32 681 66 08

kurt.ledermann@schaffner.com

Financial calendar

11 May 2017

Publication of semi-annual report 2016/17

7 December 2017

Publication of annual report 2016/17

11 January 2018

22th Annual General Meeting

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