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 31 December 2016: Exercised 5, Recommended 20

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 12    
2. Annual Report and Financial Statements 20 0 0
3. Discharge 20 0 0
4. Profits, Dividend 20 0 0
5. Election of a member of the board 161 13 0
6. Election of the Chairman of the Board of Directors 17 2 0
7. Election of a member of the Remuneration Committee 62 3 0
8. Share capital increase 2 1 0
9. Capital reduction 7 0 0
10. Remuneration Report 13 6 0
11. Election of the statutory auditors 19 0 0
12. Election of the independent proxy 20 0 0
13. Various agenda 53 2 0

 as of 31 December 2016