Annual General Meeting 2005

The Annual General Meeting of Phonak Holding Ltd. on July 7, 2005, accepted a gross dividend of CHF 0.30 and followed the recommendations of the Board of Directors for all agenda items.

The Annual General Meeting accepted a gross dividend of CHF 0.30 for each registered share. The dividend will be paid out with the value date July 12, 2005. At the General Meeting, Ms. Heliane Canepa and Mr. Daniel Borel were re-elected as members of the Board of Directors for the statutory term of office of three years. Furthermore, the Annual General Meeting approved the Annual Report, the Annual Financial Statements and the Consolidated Statements of Phonak Holding Ltd. It also discharged the members of the Board of Directors and of the Executive Management from liability for their activities in the 2004/05 financial year.