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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 11 April 2014 to approve the following allocations and dividend payments:

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CHF millions

2012

2013

1

Since the Board of Directors’ proposal for allocation of disposable profit, included in the Annual Report 2012, the number of registered shares eligible for dividend, at the dividend payment date of 17 April 2013, decreased due to the transfer of 340 411 shares for employee participation purposes from eligible to not eligible for dividend. This resulted in a lower dividend of CHF 3 million, compared to the Board of Directors’ proposal, and in higher legal reserves from capital contributions by the same amount.

2

The Board of Directors’ proposal to the Annual General Meeting of 11 April 2014, is subject to the actual number of shares outstanding and eligible for dividend.

Retained earnings brought forward

19

7

Net income for the financial year

2 718

2 707

Disposable profit

2 737

2 714

Allocation to other reserves

–2 730

–2 710

Retained earnings after allocation

7

4

 

 

 

 

 

 

CHF millions

2012

2013

Other reserves brought forward

–

2 730

Allocation from retained earnings

2 730

2 710

Reclassification of legal reserves from capital contributions into other reserves

2 5741

2 7382

Regular dividend payment out of other reserves

–1 2011

–1 3182

Special dividend payment out of other reserves

–1 3731

–1 4202

Other reserves after allocations and dividend payments

2 730

5 440

Dividends

If the Board of Directors’ proposal for allocations and dividend payments is accepted, a regular dividend of CHF 3.85 per share and an additional special dividend of CHF 4.15 per share will be paid on 22 April 2014 from other reserves after prior reclassification of legal reserves from capital contributions.

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Share structure per 31 December 2013

Number of
registered shares

Nominal
capital in CHF

1

The Board of Directors’ proposal to the Annual General Meeting of 11 April 2014, is subject to the actual number of shares outstanding and eligible for dividend.

eligible for dividend1

342 195 633

34 219 563

not eligible for dividend

28 511 298

2 851 130

Total shares issued

370 706 931

37 070 693

Zurich, 17 March 2014