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Published on 10 March 2009

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Roche annual general meeting increase

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Roche’s Annual General Meeting, which was held today in Basel, Switzerland, has approved all the Board of Directors’ proposals.

The 703 shareholders in attendance, representing 144,334,099, or 90.2% of a total of 160,000,000 bearer shares, approved the 2008 Annual Report and financial statements. They also authorised a +9% increase in the dividend to 5.00 Swiss francs per share and non voting equity. With this increase, the payout ratio rises to 49%, which means that about half of net income will be paid out to shareholders. Franz Humer, Andra Hoffmann and John Irving Bell were re-elected to the Board of Directors for a further three year term of office.

This year shareholders were given a first time opportunity to take part in a consultative vote on Roche’s Remuneration Report. The report was approved with 99% of the votes represented.

Commenting on the 2008 financial year, Franz B. Humer, Chairman of the Board of Directors, said: “Last year was dominated by the global financial and economic crisis, and this remains the case in 2009. In these times of economic upheaval it is more important than ever that we adhere to our successful strategy of focusing firmly on pharmaceuticals and diagnostics, and position ourselves more strongly for the future in all areas. This extends to our decision to acquire the whole of Genentech, the primary aim of which is to bolster Roche’s innovative capacity. Innovation is, and will remain, the core of our business.”

Severin Schwan, CEO of the Roche Group, commented: “Roche not only continued the positive trend of recent years, it was also successful in expanding its market share. We were also able to strengthen our product pipeline as important programmes reached the final stage of clinical research. We continued to perform strongly in the first two months of 2009. Sales in both divisions grew in line with our expectations, and operating profit growth was even better than anticipated. We are accordingly very confident about the outlook for the full year.”

Roche



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