Results of the General Meeting 2026

BKW AG

General Meeting Secretariat

1. Attendance

   At the commencement of the Meeting the share capital of CHF 132 million (52,800,000 registered shares) was represented by 942 shareholders attending in person or represented by proxy. These accounted for a total of 37,313,539 registered shares at CHF 2.50 each and the corresponding number of voting rights. Of these voting rights, 9,606,400 were represented by the attending independent proxy, Andreas Byland (Notary). Altogether, therefore, 78.9% or CHF 93,283,847.50 of the voting capital was represented.

2. Results of Votes

   The following results of votes were obtained electronically.

   Item 1

   Reporting on the 2025 Fiscal Year

The board of directors proposes that the 2025 report on non-financial matters be approved.

The board of directors proposes to grant discharge to the members of the board of directors and the executive committee for the 2025 fiscal year.

CHF 631,446,938 be appropriated as follows: Ordinary dividend of CHF 3.80 per eligible share (CHF 200,527,721) and Balance carried forward CHF 430,919,217.

The board of directors proposes the following amendments to the wording of certain provisions of the statutes: Article 5 (new section 3), article 19 (amendment), article 21 (amendment).

1. Maximum remuneration of the board of directors in the 2026/2027 term of office

The board of directors proposes to approve the unchanged total amount of up to CHF 1.8 million for the board of directors' remuneration in the 2026/2027 term of office.

The board of directors proposes to approve the total amount of up to CHF 11.8 million for the executive committee's remuneration during the 2027 fiscal year.

1. Board of directors and chairman of the board of directors

   The board of directors proposes to re-elect the following previous members individually for the next statutory term of office, that is, until the conclusion of the 2027 7 General Meeting: Carole Ackermann, Roger Baillod (member and chairman), Petra Denk, Linda de Winter, Rebecca Guntern and Martin à Porta. In addition, the board of directors proposes that Mr. Martin Keller be newly elected to the board of directors.

   1. Ms. Carole Ackermann as member of the board of directors
   Abstentions	37,600
   Yes	37,414,540
   No	324,818
   2. Mr. Roger Baillod as member and chairman of the board of directors
   Abstentions	154,802
   Yes	36,921,889
   No	700,267
   3. Ms. Petra Denk as member of the board of directors
   Abstentions	41,549
   Yes	37,544,507
   No	190,902
   4. Ms. Linda de Winter as member of the board of directors
   Abstentions	43,543
   Yes	37,655,213
   No	78,202
   5. Ms. Rebecca Guntern as member of the board of directors
   Abstentions	40,662
   Yes	37,561,639
   No	174,657
   6. Mr. Martin à Porta as member of the board of directors
   Abstentions	41,872
   Yes	37,586,976
   No	148,110
   7. Mr. Martin Keller as member of the board of directors Abstentions	44,492
   Yes	37,670,894
   No	61,562

2. Personnel and Remuneration Committee

The board of directors proposes that the following members be elected individually to the Personnel and Remuneration Committee of the board of directors for the next statutory term of office, that is, until the conclusion of the 2027 ordinary General Meeting: Rebecca Guntern, Martin à Porta and Andreas Rickenbacher.

The board of directors proposes that, for the next statutory term of office, that is, until the close of the ordinary General Meeting 2027, Ms. Notary Daniela Byland, Bern, be elected as independent proxy.

The board of directors proposes the election of PricewaterhouseCoopers AG as auditors for the 2026 fiscal year.

Bern, April 28, 2025

BKW AG

Kinga Frater

Secretary to the General Meeting

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