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Results of the Annual General Meeting 2021 of UBS Group AG

Shareholders confirmed the re-election of the Chairman and the members of the Board of Directors. They elected Claudia Böckstiegel and Patrick Firmenich as new members of the Board.

Shareholders approved a dividend distribution of USD 0.37 (gross) in cash per share. They also approved the new share buyback program 2021–2024.

Shareholders approved the proposals relating to the remuneration of the members of the Board of Directors and the Group Executive Board and accepted the Compensation Report 2020.

At the Annual General Meeting, the independent proxy represented 2,146,061,226 votes.

Zurich, 8 April 2021 – UBS Group AG shareholders approved all of the Board of Directors’ proposals at the Annual General Meeting (AGM).

Management report and consolidated and standalone financial statements

Shareholders approved the management report and the consolidated and standalone financial statements for the 2020 financial year of UBS Group AG by 99.49%.

Compensation Report

Shareholders ratified the Compensation Report 2020 in an advisory vote by 85.72%.

Appropriation of total profit and dividend distribution of ordinary dividend out of total profit and capital contribution reserve

Shareholders approved the appropriation of total profit and an ordinary dividend distribution of USD 0.37 (gross) per share in cash (99.60%).

Discharge of the members of the Board of Directors and the Group Executive Board

Shareholders approved the discharge of the members of the Board of Directors and the Group Executive Board for the 2020 financial year (excluding all issues related to the French cross-border matter) by 91.36%.

Re-election of the members of the Board of Directors

The AGM confirmed the Chairman of the Board of Directors, Axel A. Weber (92.02%), and fellow Board members Jeremy Anderson (98.96%), William C. Dudley (99.03%), Reto Francioni (98.85%), Fred Hu (89.97%), Mark Hughes (99.03%), Nathalie Rachou (96.55%), Julie G. Richardson (94.89%), Dieter Wemmer (98.86%) and Jeanette Wong (98.67%) for a one-year term of office.

Election of new members of the Board of Directors

Shareholders elected Claudia Böckstiegel (99.22%) and Patrick Firmenich (99.25%) as new members of the Board of Directors for a one-year term of office.

Election of the members of the Compensation Committee

Shareholders confirmed Julie G. Richardson (92.97%), Reto Francioni (93.97%), Dieter Wemmer (94.17%) and Jeanette Wong (96.85%) as members of the Compensation Committee for a one-year term of office.

Maximum aggregate amount of compensation for the members of the Board of Directors

Shareholders approved the maximum aggregate amount of compensation for the members of the Board of Directors from the 2021 AGM to the 2022 AGM (91.09%).

Aggregate amount of variable compensation for the members of the Group Executive Board

Shareholders approved the aggregate amount of variable compensation for the members of the Group Executive Board for the 2020 financial year (84.76%).

Maximum aggregate amount of fixed compensation for the members of the Group Executive Board

Shareholders approved the maximum aggregate amount of fixed compensation for the members of the Group Executive Board for the 2022 financial year (91.79%).

Re-elections of the independent proxy, the auditors and special auditors

Shareholders approved the re-election of the independent proxy ADB Altorfer Duss & Beilstein AG, Zurich, (99.79%), the auditors Ernst & Young Ltd, Basel, (94.17%) and special auditors BDO AG, Zurich (99.16%).

Amendments to the Articles of Association

Shareholders approved amendments to article 23 para. 1 of the Articles of Association (99.33%).

Reduction of share capital

Shareholders approved the request of a capital reduction by way of cancellation of 156,632,400 shares repurchased under the 2018–2021 share buyback program (99.51%).

New share buyback program

Shareholders approved the new 2021–2024 share buyback program (93.15%).

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UBS Switzerland AG
UBS AG is a Swiss global financial services company, incorporated in the Canton of Zurich, and co-headquartered in Zurich and Basel. The company provides wealth management, asset management, and investment banking services for private, corporate, and institutional clients worldwide, and is generally considered to be a bulge bracket bank. In Switzerland, these services are also offered to retail clients. The name UBS was originally an abbreviation for the Union Bank of Switzerland, but it ceased to be a representational abbreviation after the bank's merger with Swiss Bank Corporation in 1998. The company traces its origins to 1856, when the earliest of its predecessor banks was founded.
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