valartis group ag-br (VLRT) Snapshot

Valartis Group AG announced that Ordinary General Shareholders' Meeting held on 14 May 2013, approved the Board of Director's proposed approbation of retained earnings and decided to distribute a dividend of CHF 1.00 per bearer share. This corresponds to a pay-out ratio for the shareholders of Valartis Group AG of 74% or a dividend yield of 5.0%. The dividend will be paid out free of charge but reduced by the withholding tax in the amount of 35% from 22 May 2013 upon submission of coupon no. 17 at Valartis Bank AG, Zurich, Switzerland. The ex-dividend date shall be 16 May 2013. The Shareholders' Meeting elected Mr. Felix Fischer (64), a banking specialist from Niederglatt in the Canton of Zurich, to the Board of Directors of Valartis Group AG for a term of office of one year. Felix Fischer will therefore become the fifth member of the Board of Directors, after Prof. Erwin W. Heri decided not to be available for re-election after a period of ten years in office. From 2000 until 2002, Felix Fischer was CFO and member of the executive board of PSP Swiss Property Group. He has been an independent business consultant since 2003, as of 2008 advisor to the Global Property Fund of the Swiss Capital Group. During the years 1997 to 2012, Felix Fischer was member of the Expert Committee on Financial Reporting SWISS GAAP FER. In the first meeting of the newly constituted Board of Directors of Valartis Group AG held subsequently to the Shareholders' Meeting, Urs Maurer-Lambrou was elected as the new Chairman of the Board of Directors, while Rolf Muller-Senn was entrusted with the function of Vice-Chairman. The share holders approved a change to the Articles of Association at the request of the board of directors was approved and the term of office of new and re-elected members of the board of directors was reduced from three years to one.

Valartis Group AG proposed, to its annual general meeting to be held on May 14, 2013, to approve amendments to articles of association of Art. 13 Para 1: the board of directors consists of at least three members who are elected by the General Assembly for a term of one year, that is up to and including the first Annual General Meeting after their election. A re-election is possible.

Valartis Group AG announced the Board of Directors will propose to the Annual Shareholders' Meeting, to be held on May 14, 2013, the distribution of a dividend of CHF 1.00 per bearer share. This corresponds to a pay-out ratio for the shareholders of Valartis Group AG of 74%.