Overview of the exercise of voting rights 2017
of Baloise Investment Foundation for Pension Funds (BPF) and its voting recommendations for stock hold indirectly

Exercised (BPF)

 Total of ordinary and extraordinary GM as of 30 June 2017: Exercised 5, Recommended 18

Agenda Consents Refusals Abstentions
1. Consents to all applications of the ordinary and extraordinary General Meeting 5    
2. Annual Report and Financial Statements 5 0 0
3. Discharge 5 0 0
4. Profits, Dividend 5 0 0
5. Election of a member of the board 30 0 0
6. Election of the Chairman of the Board of Directors 5 0 0
7. Election of a member of the Remuneration Committee 16 0 0
8. Share capital increase 0 0 0
9. Capital reduction 0 0 0
10. Remuneration Report 5 0 0
11. Election of the statutory auditors 5 0 0
12. Election of the independent proxy 5 0 0
13. Various agenda 8 0 5

Recommendations (stock hold indirectly)

Agenda Consents Refusals Abstentions
1. Consents to all applications of the ordinary and extraordinary General Meeting 10    
2. Annual Report and Financial Statements 17 0 0
3. Discharge 17 0 0
4. Profits, Dividend 17 0 0
5. Election of a member of the board 143 8 0
6. Election of the Chairman of the Board of Directors 16 1 0
7. Election of a member of the Remuneration Committee 55 10 0
8. Share capital increase 1 0 0
9. Capital reduction 7 0 0
10. Remuneration Report 12 3 1
11. Election of the statutory auditors 17 0 0
12. Election of the independent proxy 17 0 0
13. Various agenda 58 11 0

 as of 30 June 2017