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Proposal for allocation of disposable profit

The Board of Directors proposes to the Annual General Meeting to be held in Zurich on 10 April 2013 to approve the following allocations and dividend payments:

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CHF millions

2011

2012

1

Since the Board of Directors’ proposal for allocation of disposable profit, included in the Annual Report 2011, the number of registered shares eligible for dividend, at the dividend payment date of 20 April 2012, increased due to the transfer of 203 167 shares for employee participation purposes from not eligible to eligible for dividend. This resulted in a higher dividend of CHF 4 million, compared to the Board of Directors’ proposal, and in lower legal reserves from capital contributions by the same amount.

2

The Board of Directors’ proposal to the Annual General Meeting of 10 April 2013, is subject to the actual number of shares outstanding and eligible for dividend.

Retained earnings brought forward

–

19

Net income for the financial year

19

2 718

Disposable profit

19

2 737

Allocation to other reserves

–

–2 730

Retained earnings after allocation

19

7

 

 

 

 

 

 

CHF millions

2011

2012

Other reserves brought forward

–

–

Allocation from retained earnings

–

2 730

Reclassification of legal reserves from capital contributions into other reserves

1 0281

2 5742

Regular dividend payment out of other reserves

-1 0281

-1 2012

Special dividend payment out of other reserves

–

-1 3732

Other reserves after allocations and dividend payments

–

2 730

Dividends

If the Board of Directors’ proposal for allocations and dividend payments is accepted, a regular dividend of CHF 3.50 per share and an additional special dividend of CHF 4.00 per share will be paid on 17 April 2013 from other reserves after prior reclassification of legal reserves from capital contributions.

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Share structure per 31 December 2012

Number of
registered shares

Nominal
capital in CHF

1

The Board of Directors’ proposal to the Annual General Meeting of 10 April 2013, is subject to the actual number of shares outstanding and eligible for dividend.

eligible for dividend1

343 169 258

34 316 926

not eligible for dividend

27 537 673

2 753 767

Total shares issued

370 706 931

37 070 693

Zurich, 14 March 2013