ARBONIA

Major personnel and institutional changes at AFG Arbonia-Forster-Holding AG

Proposal that three additional new members be elected to the Board of Directors and that no dividend be paid – proposals for the rescinding of the restriction on voting rights and the introduction of an age limit for members of the Board of Directors.

Arbon, 25 March 2013 – The Board of Directors of AFG Arbonia-Forster-Holding AG, Arbon, is submitting to the coming General Meeting of 19 April 2013 a number of significant proposals for major personnel and institutional changes at the company. These are supported by Edgar Oehler also in his capacity as majority shareholder. The Board of Directors is asking the General Meeting to confirm the existing remaining members of the Board, to elect three new, independent members to the Board, to revoke the current restriction on voting rights, to introduce an age limit for members of the Board and to forego the payment of a dividend for the 2012 fiscal year. The architect of the modern AFG, Edgar Oehler, has decided to retire from membership of the Board at the 2014 General Meeting after implementation of these proposals which are crucial for AFG.

Already today, the AFG Board of Directors expresses its thanks to Edgar Oehler and its appreciation of his efforts at the helm of AFG over the past ten years and for his support in the process of personnel and institutional change at the company.

In addition to confirming existing members of the Board Edgar Oehler, Andreas Gühring and Christian Stambach for a further period of office of one year, the Board of Directors is also proposing to the coming General Meeting the election of the following additional members: Peter Bodmer from Küsnacht, former member of the Implenia Group Executive Board, Rudolf Graf from Egliswil, former CEO of the Ammann Group, and Markus Oppliger from Wangs, partner at Ernst & Young. It is expected that the newly constituted Board of Directors will elect Rudolf Graf as its Chairman at its inaugural meeting.

The Board of Directors also proposes to rescind the restriction on voting rights introduced in 2010 and to impose an age limit of 70 for members of the Board of Directors, which would be effective at the next General Meeting. Finally, it will ask the upcoming General Meeting to forego the payment of a dividend in view of the overall loss reported by the company in its financial statement for the 2012 fiscal year.

Contact
Christian Stambach
Interim Chairman of the Board of Directors
christian.stambach@bratschi-law.ch

Stefan Kern
Head Corporate Communications
stefan.kern(at)afg.ch