Annual General Meeting 1999

Items

Item 4: Elections

A. Proposal
The Board of Directors proposes that
4.1
a) Alex Krauer be re-elected for the period up to the General Meeting of Shareholders 2002 and Peter Böckli and Rolf A. Meyer for a four-year term of office;
b) Eric Honegger, Thalwil, be newly elected for a four-year term of office;
4.2 ATAG Ernst & Young Ltd., Basle, be elected as Group and Parent Company Auditors for a one-year term of office.

B. Explanations
Alex Krauer, whose term of office would normally expire as of the General Meeting 2000, has assumed the office of Chairman of the Board of Directors. He is therefore seeking confirmation of his mandate at the General Meeting. He intends to perform these duties up to the General Meeting 2002, at which point he will reach the age of retirement as provided by the articles of association.

Peter Böckli and Rolf A. Meyer, whose terms of office are due to expire, are standing for re-election.

Eric Honegger, Thalwil, has been nominated as a new member of the Board of Directors. He will be standing down from the Government of Canton Zurich at the end of May, having been the director of building works on the government for four years and the director of finance for the last eight years. He is chairman designate of the Board of Directors of the SAirGroup.