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Holcim shareholders approve payout at AGM

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World Cement,

At the Annual General Meeting of Holcim Ltd, shareholders approved all motions proposed by the Board of Directors. This included the payout from capital contribution reserves of CHF1.30 per registered share, which will be paid on 17 April 2015. The annual report and financial statements were also approved.

Some 871 shareholders attended the meeting, representing around 66% of the company’s share capital. The remuneration report was approved by shareholders in an advisory vote. Shareholders also approved in two separate binding votes the total maximum amount of compensation for the members of the Board covering the period from the 2015 Annual General Meeting to the 2016 Annual General Meeting and the total maximum amount of compensation in respect of 2016 for the members of the Executive Committee.

The shareholders further approved revisions to the articles of incorporation, particularly to comply with the Ordinance against Excessive Compensation in Public Corporations (OaEC). The broad approval by 95.94% reflects the trust shareholders place in Holcim’s approach to corporate governance.

In line with the OaEC, each member of the Board of Directors and the members of the Nomination & Compensation Committee proposed by the Board of Directors were re-elected individually by the shareholders for a term of office of one year until the Annual General Meeting 2016. Wolfgang Reitzle was re-elected as the Chairman of the Board of Directors with 98.75% of the vote.

The mandate of Ernst & Young Ltd as auditors was confirmed, and Thomas Ris was elected as independent proxy.

Composition of the bodies:

Board of Directors: Wolfgang Reitzle (Chairman), Beat Hess, Alexander Gut, Adrian Loader, Jürg Oleas, Thomas Schmidheiny, Hanne Birgitte Breinbjerg Sørensen, Dieter Spälti, Anne Wade

Nomination & Compensation Committee: Adrian Loader, Wolfgang Reitzle, Thomas Schmidheiny, Hanne Birgitte Breinbjerg Sørensen

Note: this meeting was not scheduled to discuss the merger with Lafarge, which will be on the agenda of a separate meeting in May.

Adapted from press release by

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