Basilea shareholders approve all resolutions proposed by the Board of Directors at the Ordinary General Meeting of Shareholders

Basilea Pharmaceutica AG / Basilea shareholders approve all resolutions proposed by the Board of Directors at the Ordinary General Meeting of Shareholders . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Basel, Switzerland, April 27, 2017 - Basilea Pharmaceutica Ltd. (SIX: BSLN) reported that at today's Ordinary General Meeting of Shareholders for the financial year 2016, shareholders approved all agenda items proposed by the Board of Directors.

The shareholders approved the annual report, the financial statements, and consolidated financial statements for the business year 2016, and approved the release of the members of Basilea's Board of Directors and Management Committee. Shareholders also approved carrying forward the accumulated deficit, and re-elected PricewaterhouseCoopers AG, Basel as Statutory Auditors for the audit of the stand-alone and consolidated financial statements for the business year 2017.

The shareholders elected Dr. Nicole Onetto as a new member of Basilea's Board of directors and re-elected Domenico Scala as Chairman and Prof. Daniel Lew, Dr. Martin Nicklasson, Dr. Thomas M. Rinderknecht, Steven D. Skolsky and Dr. Thomas Werner as members of the Board of Directors. The shareholders also re-elected Dr. Nicklasson, Mr. Skolsky and Dr. Werner as members of the Compensation Committee. Dr. Caroline Cron was re-elected as Independent Voting Rights Representative. The terms of all these individuals last until the end of the 2018 Ordinary General Meeting of Shareholders.

"I am delighted that Nicole Onetto has been elected as a new member of the Board of Directors," said Domenico Scala, Chairman of the Board of Directors. "Her wealth of experience both operationally and strategically in developing and bringing innovative oncology drugs to patients will further strengthen the Board's oncology expertise."

The shareholders also approved the increase of the authorized share capital.

Finally, the shareholders approved the proposed maximum aggregate amount of the compensation for the Board of Directors for the period until the 2018 Ordinary General Meeting, the maximum aggregate amount of fixed compensation for the Management Committee for the period of July 1, 2017 to June 30, 2018, and the maximum aggregate amount of variable compensation for the Management Committee for the period from January 1, 2017 to December 31, 2017. In a non-binding advisory vote, the shareholders also approved the aggregate amount of the Management Committee's variable compensation for the business year 2016.