Compensation report

This Compensation Report provides information about the compensation system established by SFS Group and the compensation paid to SFS's Board of Directors and the Group Executive Board. SFS Group updated the compensation system for the Board of Directors and the Group Executive Board in conjunction with its IPO on 7 May 2014 and implemented the revised system in the 2014 financial year.

This Compensation Report satisfies the provisions of the Ordinance Against Excessive Compensation in Listed Companies (OAEC) in effect as of January 2014 and the pertinent provisions of the Swiss Code of Obligations in connection therewith. The structure of this report basically follows the recommendations given in the Swiss Code of Best Practice for Corporate Governance issued by economiesuisse and the provisions set forth in the Directive on Information relating to Corporate Governance (DCG) issued by SIX Swiss Exchange AG.