Translation of "Unabhängigen stimmrechtsvertreter" in English

The shareholders can vote by mail in which they appoint the independent proxy to represent them.

Shareholders can also confer powers of attorney and issue instructions to independent proxies electronically.

For this reason, update software AG will provide an independent proxy for the shareholders.

Alternatively, you can give your voting instructions online to the independent representative.

An independent voting proxy is elected every year at the Annual General Meeting.

How do I delegate my voting rights to an independent representative?

Proxies and instructions can be issued to the independent proxy in writing or electronically.

Each year, the AGM elects the President of the Board or the Chairman of the Board and, one by one, the members of the board, the members of the Compensation Committee and the independent proxy voter or the independent representative.

Shareholders thus have the option of voting in person, through a proxy,or remotely by issuing electronic authorizations and instructions to the independent proxy.

Each year, the AGA elects the Chairman of the Board of Directors and the individual members of the Nomination and Compensation Committee (NCC), who must be members of the Board of Directors, as well as the independent proxy.

The invitation with the agenda items and the proposals of the Board of Directors - including the reply form for ordering an admittance ticket respectively granting power of attorney to the independent shareholder representative - will be sent by post to the shareholders entitled to vote presumably on 14 March 2018.

The Annual General Meeting elects the independent proxy annually for a one-year term until the conclusion of the next Annual General Meeting.

A shareholder may, on the basis of a written power of attorney, be represented at the Annual Shareholders' Meeting by another shareholder entitled to vote or the independent proxy.

In addition, shareholders can be represented by the Independent Voting Proxy to whom any shareholder may give in writing or electronically power of attorney and instructions.

In the event that you are unable to attend the Annual Shareholders' Meeting in person, you can be represented as follows: a) by another shareholder entitled to vote b) by an independent representative c) by your spouse.

In the case of an independent representative, we kindly request that you take into account that an early return of all documents will facilitate the preparation of the Annual Shareholders' Meeting.

Starting on 1 January 2014, the annual general meeting (AGM) has to individually elect the members and the chairman of the board of directors, the members of the compensation committee (who have to be members of the board of directors) and the independent proxy for the next AGM.

If you wish to change or cancel a power of attorney, please contact UBS Shareholder Services or the independent proxy. Request an admission card

Shareholders may cast their votes remotely by issuing electronic authorizations and instructions to the independent proxy at investor.sherpany.com.

The articles of incorporation do not contain any provision with respect to the issuance of directives to the independent voting rights representative or to the electronic participation at a General Meeting.

With a click you choose whether you want to take part in the AGM in person or to cast your votes via the Independent Proxy.

Each shareholder can have his shares be represented by another shareholder with voting rights or the independent proxy.

According to the Articles of Association, a shareholder may be represented at a Shareholders' Meeting by its legal representative, another shareholder with the right to vote, or the independent proxy.

Information on any rules which might be laid down in the articles of association on the issue of instructions to the independent proxy, and any rules in the articles of association on the electronic participation in the general meeting of shareholders.

118 shareholders attended the Annual General Meeting in Zurich, so that together with the shares voted by the independent proxy or third parties a total of 81.7% of the share capital was represented. Calendar