Annual General Shareholders' Meeting 2008

The complete revision of the Articles of Association of Sonova Holding AG was approved. The most important amendments are:

• The abolition of the „opting up“ clause. In future any shareholder is required to make a public purchase offer if their holding reaches a legal threshold of 33 1/3% of total shares issued, rather than the previous threshold of 49%.
• In future any shareholder or shareholder group with a stake of at least 1% (previously 5%) in Sonova is entitled to request an item be included on the agenda.
• In future voting rights can be transferred to non-shareholders at the General Shareholders’ Meeting. 

The capital reduction owing to the share buy-back program was approved. By cancelling 1,395,000 shares with a par value of CHF 0.05 each, which were repurchased in the period from September 20, 2007 to April 25, 2008 pursuant to the share buy-back program, the share capital is reduced by CHF 69,750.00 from CHF 3,372,575.30 to CHF 3,302,825.30.

Heliane Canepa was re-elected as a member of the Board of Directors for the statutory term of office of three years and PricewaterhouseCoopers AG, Zürich, was re-elected as Statutory Auditors for a further period of one year.