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 2025 reported in the income statement

587,434,090

Retained earnings carried forward

1,838,951,381

Retained earnings

2,426,385,471

Dividend of CHF 6.95 per share

– 230,117,030

Balance to be carried forward

2,196,268,441