Proposal of the Board of Directors

Appropriation of retained earnings

The Board of Directors proposes to the Annual General Meeting to allocate the retained earnings as follows:

CHF

Net income for 2024 reported in the income statement

775,706,295

Retained earnings carried forward

1,225,485,870

Retained earnings

2,001,192,165

Dividend of CHF 4.90 per share

– 162,240,784

Balance to be carried forward

1,838,951,381