Shareholders approve proposals by Board of Directors

19 May 2005

SWISS presented results for the 2004 business year at its Shareholders' Assembly today. The company's shareholders accepted all of the proposals put forward by the Board of Directors items. They duly granted discharge to the Board of Directors and approved the re-election of all directors nominated.

Under the planned take-over of Swiss International Air Lines AG by Deutsche Lufthansa AG a reduction in the size of the Board of Directors is foreseen, as is a new election of the board's members during the course of the business year. Until this happens, the existing Board of Directors is to remain in office.

SWISS shareholders thus approved the board's proposal and extended by one year the mandates of board members Pieter Bouw, Claudio Generali, Jacques Aigrain, Michael Pieper and Peter Siegenthaler. The mandates for Walter Bosch and Jan Audun Reinas run until 2006, while that of Rolf Jetzer carries through until 2007. In other business, the assembly soundly rejected a request for an independent audit put forward by Hans-Jacob Heitz.

This year's Shareholders' Assembly took place in the Basel Messehalle with 574 shareholders attending. Together they represented 85.77 per cent of SWISS share capital.