Sunrise: Changes on the Board of Directors and Management Board Donnerstag, 10. März 2016 - 07:00

Media release

Zurich, March 10, 2016

Changes on the Board of Directors and Management Board

The Board of Directors is proposing that the General Meeting of Shareholders elect Peter Kurer as Chairman of the Board of Directors of Sunrise Communications Group AG (Sunrise). At the same time Michael Krammer and Robin Bienenstock, two experienced telecommunications specialists, are being proposed for election to the Board of Directors. On May 9, 2016, current CEO Libor Voncina will hand over to Olaf Swantee as the new CEO of Sunrise. Swantee, a Swiss citizen and experienced European operator, has recently stepped down as CEO of EE, the UK’s largest mobile operator and Europe’s leading 4G-provider.

Lorne Somerville, who stepped up as Chairman of the Board of Directors of Sunrise after the sudden death of Dominik Koechlin, is not standing for re-election as Chairman of the Board at the next Annual General Meeting of Shareholders of Sunrise on April 15, 2016. Peter Kurer, former Chairman of UBS AG and a Partner at BLR & Partners, Thalwil, is being proposed as a new member and Chairman of the Board of Directors as well as a member of the Nomination and Compensation Committee of the Board.

"We are honoured that Peter Kurer has agreed to accept our invitation to stand as Chairman of Sunrise. His experience of public company leadership in the Swiss business community will be of tremendous benefit to Sunrise”, says Lorne Somerville, who will continue to sit on the Board of Directors of Sunrise. "I am looking forward to the job. Following its successful turnaround and IPO, Sunrise is well equipped for the future," says Peter Kurer.

The General Meeting of Shareholders will also be asked to elect Michael Krammer, successful telecommunications entrepreneur and former CEO of Orange in Austria and e-Plus in Germany, and Robin Bienenstock, a fund manager and formerly lead analyst at the global telecoms investment fund Sandford Bernstein, to the Board of Directors of Sunrise. Both are designated to join the Audit Committee of the Board.

Peter Schöpfer, Vice-Chairman and Chairman of the Nomination and Compensation Committee, and Jesper Ovesen, Chairman of the Audit Committee, as well as Lorne Somerville, member of the Nomination and Compensation Committee, stand for re-election. Daniel Pindur and Siddharth Patel resign as members of the Board of Directors effective at the end of the Annual General Meeting on April 15, 2016.

Olaf Swantee becomes new CEO

At the same time the company is announcing that Libor Voncina, who has headed Sunrise for more than 3 years, and who successfully took the company public a year ago, will be stepping down on May 9, 2016. His successor is Olaf Swantee, former CEO of UK mobile provider EE. Over the last 4.5 years, Swantee, previously Head of Europe at Orange (France Telecom), has led EE, created from the merger between Orange and T-Mobile, to become UK's largest mobile provider and clear network leader.

"For us this is an ideal transition after the fantastic work done by Libor, who made the company fit again and floated it on the stock market. Olaf Swantee is a successful leader who is Swiss, sensitive to the requirements and opportunities of our market and who has successfully managed telecommunications and mobile service operators in several European countries," says Chairman of the Board Lorne Somerville. "Libor Voncina will be available to advise the new CEO and ensure a smooth handover."

“The last years have been the most intensive of my career”, says Libor Voncina, CEO. “We have achieved so much as a team together with CVC and as a listed company. Olaf is the right leader for the next phase of the company’s development and I am excited for its prospects.”

Olaf Swantee adds: "I'm very excited to be joining Sunrise, a company with bright and committed staff and customer’s who have high expectations of Sunrise's future. The mobile network is very strong, something I am particularly passionate about. In addition, the company is already well known for its outstanding customer service. I will continue to develop this, and serve our customers with innovative products and services to keep them convinced to have the right partner with Sunrise. It is also a return to the country in which my children were born and in which I enjoyed working for many years."

Sunrise

Corporate Communications

P.O. Box

CH-8050 Zürich

media@sunrise.net

www.sunrise.ch

Phone: +41 800 333 000

Fax: +41 58 777 61 67

About Sunrise

Sunrise Communications Group AG (Sunrise) is listed on the SIX Exchange in Zurich and is the leading fully-integrated challenger delivering a full range of services across all market segments. Sunrise is the leading non-incumbent operator in both the mobile (prepaid and postpaid) and landline retail voice markets, as well as the third-largest landline internet provider with IPTV, with approximately 3.3 million customer relationships as of December 31, 2015. Sunrise is committed to deliver a best-in-class convergent experience.

Sunrise benefits from a 10,800 km nationwide state-of-the-art fibre network backbone. Sunrise provides mobile services through its own network based on GSM/GPRS/EDGE, UMTS/HSPA and LTE/4G technologies. On the fixed side, Sunrise leverages more than 600 points of presence in its fully-invested LLU network, with coverage of approximately 85% of households in Switzerland. The company has full access to the most advanced next-generation fiber technologies, such as vectoring, FTTS, FTTB and FTTH thanks to its long-term agreement with the incumbent, SFN and local utilities.

For the financial year ended December 31, 2015, Sunrise generated total revenue of CHF 1,976 million and adjusted EBITDA of CHF 627 million. Sunrise is headquartered in Zurich and had a total of 1,809 employees (including 108 apprentices) allocated to divers business locations across the entire country as of December 31, 2015.

For more information regarding Sunrise, please visit: www.sunrise.ch

Disclaimer

The information contained in this media release has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, reasonableness or correctness of the information or opinions contained herein. None of Sunrise Communications Group AG, its subsidiaries or any of their respective employees, advisers, representatives or affiliates shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this media release. The information contained in this media release is provided as at the date of this media release and is subject to change without notice.

Statements made in this media release may include forward-looking statements. These statements may be identified by the fact that they use words such as “anticipate”, “estimate”, “should”, “expect”, “guidance”, “project”, “intend”, “plan”, “believe”, and/or other words and terms of similar meaning in connection with, among other things, any discussion of results of operations, financial condition, liquidity, prospects, growth, strategies or developments in the industry in which we operate. Such statements are based on management’s current intentions, expectations or beliefs and involve inherent risks, assumptions and uncertainties, including factors that could delay, divert or change any of them. Forward-looking statements contained in this media release regarding trends or current activities should not be taken as a representation that such trends or activities will continue in the future. Actual outcomes, results and other future events may differ materially from those expressed or implied by the statements contained herein. Such differences may adversely affect the outcome and financial effects of the plans and events described herein and may result from, among other things, changes in economic, business, competitive, technological, strategic or regulatory factors and other factors affecting the business and operations of the company. Neither Sunrise Communications Group AG nor any of its affiliates is under any obligation, and each such entity expressly disclaims any such obligation, to update, revise or amend any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on any such forward-looking statements, which speak only as of the date of this media release.

It should be noted that past performance is not a guide to future performance. Please also note that interim results are not necessarily indicative of full-year results.