At yesterday’s Ordinary Assembly General Meeting, the shareholders of the Swatch Group Ltd. approved the following proposals submitted by the Board of Directors with a large majority (present shareholders 2977, representing 76.4% of the voting rights):

1. 2013 Annual Report
Approval of the Annual Report of the Board of Directors for 2013, Financial Statements 2013 (Balance Sheet, Income Statement and Notes) and Consolidated Financial Statements 2013, Statutory Auditors’ Reports.

2. Discharge of the Board of Directors and the Group Management Board
Discharge of all members of the Board of Directors and the Group Management Board for their activities for the financial year 2013.

3. Resolution for the Appropriation of the Net Income
Appropriation of the available earnings 2013 of CHF 1’912’072’644.67 (net income as of 31.12.2013 of CHF 1’880’341’359.26 plus profit brought forward from the previous year of CHF 31’731’285.41) as follows:
• Dividend on share capital of CHF 125’210’250.00

 CHF 1.50 per registered share/par value of CHF 0.45 CHF 186’067’500.00

 CHF 7.50 per bearer share/par value of CHF 2.25 CHF 231’300’000.00
• Allocation to special reserve CHF 1’470’000’000.00
• Balance carried forward CHF 24’705’144.67
Total CHF1’912’072’644.67

NB: The Group intends not to pay a dividend to the subsidiaries of which it is a 100% owner.

ELECTIONS
According to her recent information to Swatch Group, Mrs. Esther Grether will not stand as a candidate for the election to the Board due to health reasons.

4. Election to the Board of Directors
Reelection of the remaining five members Mrs. Nayla Hayek, Mr. Ernst Tanner, Mr. Georges N. Hayek, Mr. Claude Nicollier and Mr. Jean-Pierre Roth for another period, which will elapse at the end of the next Ordinary General Meeting; reelection of Mrs. Nayla Hayek as Chair of the Board of Directors for another period, which will elapse at the end of the next Ordinary General Meeting:

4.1 Reelection of Mrs. Nayla Hayek
Mrs. Nayla Hayek is reelected with a large majority.
4.2 Reelection of Mrs. Esther Grether
Not applicable.
4.3 Reelection of Mr. Ernst Tanner
Mr. Ernst Tanner is reelected with a large majority.

4.4 Reelection of Mr. Georges N. Hayek
Mr. Georges N. Hayek is reelected with a large majority.
4.5 Reelection of Mr. Claude Nicollier
Mr. Claude Nicollier is reelected with a large majority.
4.6 Reelection of Mr. Jean-Pierre Roth
Mr. Jean-Pierre Roth is reelected with a large majority. 4.7 Reelection of Mrs. Nayla Hayek as Chair of the Board of Directors
Mrs. Nayla Hayek is reelected as Chair of the Board of Directors with a large majority.

5. Election to the Compensation Committee
Election of the remaining five members Mrs. Nayla Hayek, Mr. Ernst Tanner, Mr. Georges N. Hayek, Mr. Claude Nicollier and Mr. Jean-Pierre Roth for one period, which will elapse at the end of the next Ordinary General Meeting:

5.1 Election of Mrs. Nayla Hayek
Mrs. Nayla Hayek is elected with a large majority.
5.2 Election of Mrs. Esther Grether
Not applicable.
5.3 Election of Mr. Ernst Tanner
Mr. Ernst Tanner is elected with a large majority.
5.4 Election of Mr. Georges N. Hayek
Mr. Georges N. Hayek is elected with a large majority.
5.5 Election of Mr. Claude Nicollier
Mr. Claude Nicollier is elected with a large majority.
5.6 Election of Mr. Jean-Pierre Roth
Mr. Jean-Pierre Roth is elected with a large majority.

6. Election of the Independent Representative
Election of Mr. Bernhard Lehmann, c/o Nimbus AG, Ziegelbrückstrasse 82, 8866 Ziegelbrücke, Switzerland as Independent Representative for one period, which will elapse at the end of the next Ordinary General Meeting: Mr. Bernhard Lehmann is elected with a large majority.

7. Election of the Statutory Auditors
Election of PricewaterhouseCoopers Ltd as Statutory Auditors for another period, which will elapse with the end of the next Ordinary General Meeting: PricewaterhouseCoopers Ltd are reelected as Statutory Auditors.

Source: Swatch Group