Annual General Meeting 2005

Item 4: Elections

Item 4.1.
Re-election to the Board of Directors

4.1.1. Marcel Ospel

Executive Vice Chairman Alberto Togni takes the chair for this business.
The Board of Directors proposed that Marcel Ospel, whose term of office expired at the AGM, be re-elected as executive member of the Board of Directors for a further three-year term.

None of those present requested the opportunity to speak. The Annual General Meeting re-elected Marcel Ospel, with the voting being as follows:

The Board of Directors, subject to today's approval of Marcel Ospel's re-election, resolved to re-appoint him Chairman of the Board.

4.1.2. Lawrence A. Weinbach

The Board of Directors proposed that Lawrence A. Weinbach, whose term of office expired at the AGM, be re-elected as a non-executive member of the Board of Directors for a further three-year term.

None of those present requested the opportunity to speak. The Annual General Meeting re-elected Lawrence A. Weinbach, with the voting being as follows:

Item 4.2.
Election of new Board members

The Board of Directors proposed that Marco Suter (a Swiss citizen) be elected to the Board as an executive member, and that Peter R. Voser (a Swiss citizen) be elected as a non-executive member, each for a period of three years.

None of those present requested the opportunity to speak. The Annual General Meeting approved the nominations, with the voting being as follows:

4.2.1. Marco Suter

4.2.2. Peter R. Voser

Item 4.3:
Election of Group and Statutory Auditors
Upon a motion from the Board of Directors, and based on the recommendation of the Audit Committee, the Annual General Meeting elected Ernst & Young Ltd., Basel for a further one-year term of office as Group and Statutory Auditors, the voting being as follows:

Items