AIA Altin Reg

 
TIDMAIA 
 
 

Altin AG

RESOLUTIONS OF THE ANNUAL GENERAL MEETING

of Altin AG, which took place on Wednesday, 25 April 2012, starting at 3:00 p.m. (Swiss time) at Parkhotel Zug, Industriestrasse 14, CH-6300 Zug, Switzerland.

(Excerpt of the minutes)

Agenda with Proposals of the Board of Directors and Resolutions of the Annual General Meeting:

1.1.Business Report and Financial Statements 2011, Auditors' Report

The Board of Directors proposes the following:

 
 
    -- the approval of the Business Report and the Financial Statements 2011; 

and

 
    -- the receipt of the Auditors' Report. 
 

1.2.Resolution of the Annual General Meeting

The Annual General Meeting resolves the approval of the Business Report and the Financial Statements 2011 and takes notice of the Auditor's Report.

2.1.Consolidated Financial Statements 2011, Auditors' Report

The Board of Directors proposes the following:

 
 
    -- the approval of the Consolidated Financial Statements 2011; and 
 
    -- the receipt of the Auditors' Report. 
 

2.2.Resolution of the Annual General Meeting

The Annual General Meeting resolves the approval of the Consolidated Financial Statements 2011 and takes notice of the Auditors' Report.

3.1.Allocation of Retained Earnings

The Board of Directors proposes that the retained earnings for the year 2011 of CHF 94'820'681 be carried forward.

3.2.Resolution of the Annual General Meeting

The Annual General Meeting resolves that the retained earnings for the year 2011 of CHF 94'820'681be carried forward.

4.1.Partial dissolution of the legal reserve from capital contribution and withholding tax exempt repayment of legal reserve from capital contribution approved by the Federal Tax Administration of CHF 4.10 per registered share

The Board of Directors proposes to dissolve the legal reserve from capital contribution in an amount of CHF 17'414'008 and a withholding tax exempt repayment of legal reserves from capital contribution approved by the Federal Tax Administration of CHF 4.10 per registered share.

4.2.Resolution of the Annual General Meeting

The Annual General Meeting resolves to dissolve the legal reserve from capital contribution in an amount of CHF 17'414'008 and a withholding tax exempt repayment of legal reserves from capital contribution approved by the Federal Tax Administration of CHF 4.10 per registered share.

5.1.Release from Liability for the Members of the Board of Directors

The Board of Directors propose that all the members of the Board of Directors be released from liability for their activities in relation to the Company for the financial year 2011.

5.2.Resolution of the Annual General Meeting

The Annual General Meeting resolves that all the members of the Board of Directors be released from liability for their activities in relation to the Company for the financial year 2011.

6.1.Re-election of the Board of Directors and re-appointment of Auditors

The Board of Directors propose the following:

 
 
    -- the re-election of Eric M.C. Syz, André Pabst, Nigel Russel and Dr. 

Peter Altorfer to the Board of Directors for one year;

 
    -- the re-election of PricewaterhouseCoopers AG, Zurich, as Auditors of 

the Company for one year.

6.2.Resolution of the Annual General Meeting

The Annual General Meeting resolves the re-election of Eric M.C. Syz, André Pabst, Nigel Russel and Dr. Peter Altorfer to the Board of Directors for one year; and the re-election of PricewaterhouseCoopers AG, Zurich, as Auditors of the Company for one year.

7.Miscellaneous

--

Zug, April 25, 2012

The Chairman: The Secretary:

__________________ __________________

Dr. Peter Altorfer Jurij Benn