Appropriation of retained earnings

The board of directors proposes the following appropriation of retained earnings to the annual general meeting:

Net earnings for the year 2021

CHF

20,426,676

Retained earnings carried forward

CHF

78,059,937

Retained earnings

CHF

98,486,613

 

 

 

Amount carried to other reserves

CHF

-

Balance carried forward

CHF

98,486,613

The board of directors further moves that the annual general meeting approve a dividend of CHF 4.50 per registered share, to be paid from capital reserves:

Capital reserves carried forward

CHF

139,990,657

Dividend on share capital of 7.4 million CHF 1)

CHF

33,259,356

Capital reserves carried forward on the next year

CHF

106,731,301

1) Qualifies as tax-neutral repayment of capital in accordance with Art. 20 of the Federal Law on Direct Federal Tax, and Art. 5 of the Federal Law on Withholding Tax.

No payment will be made on registered shares held by Repower AG on the due date. This may reduce the actual distribution accordingly.

Provided the annual general meeting passes this motion, the dividend paid from capital reserves will be due on 24 May 2022.

Poschiavo, 30 March 2022

For the Board of Directors:

Dr Monika Krüsi

Chair of the board of directors

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