Proposed appropriation of retained earnings

The Board of Directors proposes to the Annual General Meeting of Share­holders to be held on 30 March 2022 that the available retained earnings of CHF 4,680 million for the financial year ending on 31 December 2021 be ap­pro­pri­ated as follows:

In CHF million   31.12.2021
Appropriation of retained earnings
Retained earnings from previous year   5,634
Ordinary dividend   (1,140)
Balance carried forward from prior year   4,494
Net income for the year   185
Changes in treasury shares   1
Retained earnings available to the Annual General Meeting   4,680
Ordinary dividend of CHF 22.00 per share   (1,140)
Balance to be carried forward   3,540

In the event that the proposal is approved, a dividend of CHF 22 per share will be paid to shareholders on 5 April 2022.