Sunrise Annual General Meeting: dividend of CHF 4.20 per share approved Mittwoch, 10. April 2019 - 19:15

Media Release

Zurich, April 10, 2019; 7:15 p.m. CEST

Sunrise Annual General Meeting: dividend of CHF 4.20 per share approved

At today's regular Annual General Meeting of the shareholders of Sunrise Communications Group AG in Zurich, all motions brought by the Board of Directors, except for the renewal of the authorized share capital pursuant to Article 3a, were approved. 237 shareholders attended the meeting. Including the votes represented by the independent proxy, the total number of votes represented 61.94% of the company's share capital (registered stock 77.89%).

Elections

The incumbent members of the Board of Directors – Peter Schöpfer, Jesper Ovesen, Robin Bienenstock, Ingrid Deltenre, Michael Krammer, Christoph Vilanek, and Peter Kurer – nominated for re-election were confirmed for a further one-year term. Ingo Arnold was also elected to the Board of Directors as a new member by the Annual General Meeting for a term of one year.

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

The Annual General Meeting also confirmed Peter Schöpfer as Chair of the Compensation Committee and elected the committee's members as proposed.

In its inaugural meeting following the Annual General Meeting, the Board of Directors confirmed Peter Schöpfer as its Vice Chair and confirmed the incumbent members of the Audit Committee.

Dividend of CHF 4.20 per share – dividend yield of 5.86 %

The Operational and Financial Review, the Consolidated Financial Statements and the Statutory Financial Statements of Sunrise Communications Group AG for the 2018 financial year were approved. The shareholders additionally approved a petition by the Board of Directors to pay a dividend of CHF 189.3 million, or CHF 4.20 per share entitled to a dividend, corresponding to a dividend yield of 5.86 % based on the closing price of April 9, 2019.

The Annual General Meeting accepted the Compensation Report for 2018 and approved the maximum aggregate compensation for the Board of Directors covering the period until the 2020 Annual General Meeting, as well as the maximum aggregate compensation for the Management Board for the 2020 financial year. Finally, the shareholders approved the increased maximum compensation for the members of the Management Board for the 2019 financial year.

Furthermore, the shareholders approved the Board of Directors' petition to elect the legal firm Keller KLG, Zurich, as independent proxy until the conclusion of the next Annual General Meeting.

The Annual General Meeting also approved the re-election of Ernst & Young AG, Zurich, as the auditor for the 2019 financial year.

Amendments of the Articles of Incorporation

The Annual General Meeting rejected the reduction and renewal of the authorized share capital pursuant to

Article 3a of the Articles of Incorporation (see today’s press release, 12.40 p.m). The renewal of the authorized share capital for employee participation pursuant to Article 3b of the Articles of Incorporation was approved. The amendments of the Articles of Incorporation regarding the general compensation principles and change of the registered office were also approved.

On the acquisition of UPC Schweiz

At the Annual General Meeting, Peter Kurer and Olaf Swantee provided information about the planned takeover of UPC Schweiz, announced in February. They pointed out that even after the acquisition of UPC Schweiz, Sunrise would have a conservative capital structure. In particular, due to the ongoing low debt level, the capital increase enables continuation of a progressive dividend policy in which Sunrise strives to maintain annual increases in the dividend over the coming years.

Sunrise Communications AG

Corporate Communications

media@sunrise.net

www.sunrise.ch

Phone: 0800 333 000

From abroad: +41 58 777 76 66

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.