Sunrise General Meeting: All petitions put forth by the Board of Directors endorsed; dividend of CHF 3.33 per share approved Dienstag, 11. April 2017 - 18:15

Media release

Zurich, April 11, 2017; 6:15 p.m. CEST

Sunrise General Meeting: All petitions put forth by the Board of Directors endorsed; dividend of CHF 3.33 per share approved

At today's Annual General Meeting in Zurich, the shareholders of Sunrise Communications Group AG approved the petitions of the Board of Directors in all respects. A total of 121 shareholders participated in the meeting and represented together with the votes represented by the independent proxy adviser 67% of the share capital (registered shares 76%).

Elections

Incumbent Board of Directors members Peter Kurer, Peter Schöpfer, Jesper Ovesen, Robin Bienenstock, Michael Krammer, Christoph Vilanek and Joachim Preisig, nominated for re-election, were confirmed for an additional one-year term.

The General Meeting elected Peter Kurer for another term of office as Chairman of the Board of Directors.

The General Meeting also endorsed Peter Schöpfer as Chairman of the Compensation Committee and elected the committee's members as proposed.

In its inaugural meeting following the General Meeting, the Board of Directors confirmed Peter Schöpfer as its Vice Chairman. Peter Kurer is also a new member of the Audit Committee, replacing Michael Krammer, who is moving to the Compensation Committee.

Dividend of CHF 3.33 per share – dividend yield of 5%

The Sunrise Communications Group AG Annual Report for the 2016 financial year, along with the Corporate and Financial Reports, was approved. Shareholders also approved a petition made by the Board of Directors to pay a dividend of CHF 149.9 million, or CHF 3.33 per share, which corresponds to a dividend yield of 5% by the end of the financial year.

Additionally, the General Meeting voted in favor of the compensation for the Board of Directors and the Management Board and accepted the Compensation Report for 2016. Shareholders also approved the maximum aggregate compensation for the Board of Directors covering the period until the 2018 Annual General Meeting, as well as the maximum aggregate compensation for the Management Board for the 2018 financial year.

Furthermore, they approved the Board of Directors' petition to re-elect Zurich attorney Andreas G. Keller as independent proxy until the conclusion of the next Annual General Meeting. The General Meeting also approved the re-election of Ernst & Young AG, Zurich, as the auditor for the 2017 financial year.

Bylaw amendments

Additionally, the General Meeting approved amendments to the bylaws regarding the renewal of the authorized share capital and the creation of additional approved share capital, and endorsed the bylaw provision on convening and placing items on the agenda, as well as the provision on general principles of compensation.

Sunrise

Corporate Communications

P.O. Box

CH-8050 Zürich

media@sunrise.net

www.sunrise.ch

Phone: +41 800 333 000

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.

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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.