Allocation of Profits. The Shareholders’ Meeting shall decide on the allocation of the balance sheet profits taking into consideration all statutory requirements (Art. 14 TUG and Art. 671 CO). Dividends which have not been paid within five years after falling due will be retained by the Corporation. Pursuant to Art. 23 TUG, the Corporation assumes and will continue assets in the amount of CHF 15,529,896,471 and liabilities in the amount of CHF 13,380,221,089 of the telecommunications department of the PTT Services in accordance with the decision by the Federal Council of 13 May 1998 (Art. 21 TUG) at a price of Fr. 2,149,675,382 as set forth in the opening balance sheet as per 1.1.1998, for which 33,000,000 registered shares have been issued. Communications to the shareholders and notifications shall be made through publication in the Swiss Official Commercial Gazette. The Board of Directors may determine further means of publication. Communications to the registered shareholders may, subject to Article 5.3, instead be validly made by letter (registered or ordinary mail) to the addresses shown in the Share Register. In these Articles of Incorporation, each title and function designation in the generic masculine is equally applicable to both sexes. Back to Contents Swisscom AG Articles of Incorporation - 11 - Unofficial English translation of the German original text These Articles of Incorporation have been definitively approved by the Federal Council on 13 May 1998. The present Articles of Incorporation have been revised by the extraordinary Shareholders' Meeting on 26 August 1998. Berne, 26 August 1998 For the Shareholders' Meeting The Chairman: signed Gygi Article 3.1.1 of the present Articles of Incorporation has been revised by the Board of Directors at its meeting of 1 October 1998. Berne, 1 October 1998 For the Board of Directors: The Chairman of the meeting: signed Küpfer Article 5.7.6 of the present Articles of Incorporation has been revised by the ordinary Shareholder's Meeting on 30 May 2000. Zurich, 30 May 2000 For the Shareholder's Meeting: The Chairman: signed Rauh The articles 3.1.1, 6.1.2 and 6.1.3 of the present Articles of Incorporation have been revised by the ordinary Shareholder's Meeting on 29 May 2001. Zurich, 29 May 2001 For the Shareholder's Meeting: The Chairman: signed Rauh Back to Contents Swisscom AG Articles of Incorporation - 12 - Unofficial English translation of the German original text The articles 3.1.1, 5.4.3 and 5.7.6 of the present Articles o...
