Kuehne + Nagel's AGM approves proposals of the Board of Directors

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May 10, 2017: At Annual General Meeting of Kuehne + Nagel’s International AG, Dr Joerg Wolle and all other Board Members has been re-elected for another one-year term and all proposals were approved by a large majority.

The shareholders authorised to increase the dividend to CHD 5.5 gross per share. The shareholders present accounted for 83.66 percent of the voting shares. All the proposals of the board of directors have been approved by large majority.

Shareholders approved the situation report, the financial statements and the consolidated financial statements for the 2016 business year and followed the Board of Director’s proposal of a dividend of CHF 5.50 gross per share. The payout is scheduled from May 15, 2017, onwards. Additionally, the Annual General Meeting granted discharge to the Board of Directors and the Management Board for the 2016 business year.

All members of the Board of Directors namely Dr Renato Fassbind, Juergen Fitschen, Karl Gernandt, Klaus-Michael Kuehne, Hans Lerch, Dr Thomas Staehelin, Hauke Stars, Dr Martin Wittig and Dr Joerg Wolle were re-elected individually for one-year terms until completion of the next Annual General Meeting.

With a majority of votes, Dr Joerg Wolle was re-elected as Chairman of the Board of Directors. Seite 2 von 2 Compensation Committee Shareholders followed the Board of Directors’ recommendation to re-elect Karl Gernandt, Klaus-Michael Kuehne, and Hans Lerch to the Compensation Committee for another one-year term until completion of the next Annual General Meeting.

Kurt Gubler, Investarit AG, Zurich, was confirmed as an independent proxy; the mandate of Ernst & Young AG as Statutory Auditor for the year 2017 was also approved by the Annual General Meeting.

Report In a consultative vote the shareholders endorsed the 2016 Remuneration Report.

The total maximum amount of remuneration for the members of the Board of Directors was prospectively approved according to the legal requirements, covering the period until the end of the next Annual General Meeting. In a separate vote, shareholders confirmed the total maximum amount of remuneration for the Management Board, covering the business year 2018.

The next Annual General Meeting will be held on May 8, 2018.

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