Results of the Annual General Meeting of GAM Holding AG - Seite 2

Chairman Johannes A. de Gier thanked Tanja Weiher, who left the Board in January, and Daniel Daeniker, who chose not to stand for re-election at this AGM, for their valuable contributions to the development of the company.

Share capital reduction

Shareholders approved the cancellation of the 3,100,000 shares bought back during 2015 and the corresponding reduction in share capital.

The current share buy-back programme, launched in April 2014, allows for the repurchase of up to 16.7 million shares over a maximum period of three years. The programme, 31% of which had been utilised by the end of December 2015, represents a flexible means of returning excess capital to shareholders in the absence of other opportunities for investment.

Creation of authorised capital

Shareholders approved the creation of authorised capital equal to 10% of GAM Holding AG's current share capital (before the capital reduction approved at today's AGM) in order to improve the Group's strategic flexibility. The Board of Directors was given the authorisation to increase the share capital at any time until 27 April 2018 by issuing a maximum of 16,339,460 fully paid registered shares with a par value of CHF 0.05 each. Of these 16,339,460 registered shares, the Board is authorised to restrict or withdraw the pre-emptive rights of the existing shareholders with respect to a maximum of 8,169,730 registered shares and allocate such rights to third parties in certain cases, such as for acquisitions.

Further information relating to the AGM of GAM Holding AG, including the voting results on all agenda items, can be found at www.gam.com/agm2016.

Forthcoming events:

29 April 2016	Ex-dividend date
2 May 2016	Dividend record date
3 May 2016	Dividend payment date
3 August 2016	Half-year results 2016
20 October 2016	Interim management statement Q3 2016

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