Overview of the exercise of voting rights 2016
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 2016: Exercised 5, Recommended 17

Agenda Consents Refusals Abstentions
1. Consents to all applications of the ordinary and extraordinary General Meeting 5 0 0
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 33 0 0
6. Election of the Chairman of the Board of Directors 5 0 0
7. Election of a member of the Remuneration Committee 15 0 0
8. Share capital increase 2 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 7 0 0

Recommendations (stock hold indirectly)

Agenda Consents Refusals Abstentions
1. Consents to all applications of the ordinary and extraordinary General Meeting 11    
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 138 5 0
6. Election of the Chairman of the Board of Directors 14 2 0
7. Election of a member of the Remuneration Committee 55 3 0
8. Share capital increase 2 1 0
9. Capital reduction 7 0 0
10. Remuneration Report 11 6 0
11. Election of the statutory auditors 17 0 0
12. Election of the independent proxy 17 0 0
13. Various agenda 46 1 0

 as of 30 June 2016