Annual General Meeting 2007

Minutes

Item 4: Elections

Item 4.1.
Re-election of Board Members


4.1.1. Stephan Haeringer
The Board of Directors proposed that Stephan Haeringer, whose term of office expired at the AGM, be re-elected for an additional three-year term of office.

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

Votes cast

546,126,829

Absolute majority

273,063,415

Votes in favor

534,675,347

Votes against

6,836,368

Abstentions

4,615,114

4.1.2. Helmut Panke
The Board of Directors proposed that Helmut Panke, whose term of office expired at the AGM, be re-elected as 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 Helmut Panke, with the voting being as follows:

Votes cast

543,551,200

Absolute majority

271,775,601

Votes in favor

532,660,315

Votes against

6,206,780

Abstentions

4,684,105

4.1.3. Peter Spuhler
The Board of Directors proposed that Peter Spuhler, whose term of office expired at the AGM, be re-elected as 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 Peter Spuhler, with the voting being as follows:

Votes cast

563,766,104

Absolute majority

281,883,053

Votes in favor

529,521,917

Votes against

30,360,620

Abstentions

3,883,567

Item 4.2.
Election of a new Board member


At this Annual General Meeting the term of office of Sir Peter Davis, non-executive member of the Board of Directors, expired. As he has reached retirement age, he did not stand for re-election.

4.2.1. Sergio Marchionne
The Board of Directors proposed that Sergio Marchionne (a citizen of Italy and Canada) be elected as a non-executive member for a period of three years.

One speaker made positive remarks regarding the candidate.

The Annual General Meeting approved the nomination, with the voting being as follows:

Votes cast

550,923,842

Absolute majority

275,461,922

Votes in favor

538,762,739

Votes against

8,226,973

AbstentionS

3,934,130

Item 4.3.
Election of the 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:

Votes cast

542,766,224

Absolute majority

271,383,113

Votes in favor

533,876,006

Votes against

6,586,776

Abstentions

2,303,442