Share Buyback Program

Kilchberg, June 22, 2022 – Chocoladefabriken Lindt & Sprüngli AG completed its buyback program, which started on June 1, 2021, ahead of schedule on June 21, 2022.

In total, 629 registered shares and 65,014 participation certificates were bought back. The total buyback volume aggregated to CHF 747,997,085. The buyback of registered shares and participation certificates of Chocoladefabriken Lindt & Sprüngli AG was executed via second trading lines on SIX Swiss Exchange.

On the occasion of the ordinary general meeting of April 28, 2022, a capital reduction through the cancellation of 453 registered shares and 37,570 participation certificates acquired up to December 31, 2021, was resolved. Another capital reduction through cancellation of the remaining registered shares and participation certificates bought back will be requested at the next ordinary general meeting on April 20, 2023.

The maximum buy-back volume per day in accordance with art. 123 (1) (c) FMIO is 25 for registered shares and 341 for participation certificates.

Kilchberg, July 26, 2022 - In view of the continuously high free cash flow, an expected positive net liquidity at the end of 2022 and the strong balance sheet, the Board of Directors of Chocoladefabriken Lindt & Sprüngli AG decided in its meeting on July 25, 2022, to start a new buyback program for Lindt & Sprüngli registered shares (RS) and participation certificates (PC) in the amount of up to CHF 1 billion. The buyback will start on August 2, 2022, and last until July 31, 2024, at the latest. For the buyback, a separate trading line will be opened on the SIX Swiss Exchange AG for each of the registered shares and the participation certificates. The Board of Directors intends to propose the capital reduction by cancellation of the repurchased registered shares and participation certificates at future Annual General Meetings.

The maximum buy-back volume per day in accordance with art. 123 (1) (c) FMIO is 21 for registered shares and 343 for participation certificates.

The buyback will be carried out on a second trading line on SIX Swiss Exchange with Lindt & Sprüngli as the exclusive buyer on this trading line as follows:

Lindt & Sprüngli registered shares
Valoren Number 119.254.839 / ISIN CH1192548399 / Ticker LISNE

Lindt & Sprüngli Participation Certificate
Valoren Number 119.254.840 / ISIN CH1192548407 / Ticker LISPE

The buyback was carried out on a second trading line on SIX Swiss Exchange with Lindt & Sprüngli as the exclusive buyer on this trading line as follows:

Lindt & Sprüngli registered shares
Valoren Number 111.008.506 / ISIN CH1110085060 / Ticker LISNE

Lindt & Sprüngli Participation Certificate
Valoren Number 111.008.507 / ISINCH1110085078 / Ticker LISPE

Swiss federal withholding tax amounts to 35 % on the difference between the buyback price of the registered shares and the participation certificates and their respective nominal values. The repurchasing company respectively the bank mandated by the company deducts the tax from the buyback price on behalf of the Federal Tax Administration («FTA»).

The company reserves the right to, at a later stage and for a certain period of time, make the repurchase using capital contribution reserves («CCR»). In this case, the deduction for the Swiss withholding tax amounts to 35% on the 50% of the difference between the buyback price of the registered shares or the participation certificates and their nominal values. No deduction for the Swiss withholding tax is made on the other 50% of the difference between the buyback price of the registered shares and the participation certificates and their nominal values, for which amount CCR are used.

Persons domiciled in Switzerland are entitled to a refund of the withholding tax provided they had equitable ownership of the shares and the participation certificates at the time of redemption and no tax evasion has been committed (Art. 21 of the Swiss Withholding Tax Act). Persons domiciled outside Switzerland may reclaim part of the Swiss withholding tax subject to the provisions of any relevant double taxation agreement.

Swiss federal withholding tax amounts to 35 % on the difference between the buyback price of the registered shares and the participation certificates and their respective nominal values. The repurchasing company respectively the bank mandated by the company deducts the tax from the buyback price on behalf of the Federal Tax Administration («FTA»).

At the beginning of the buyback, the company reserved the right to make the repurchase at a later date using capital contribution reserves («CCR»). Since 1 October 2021 the company has exercised this right, therefore the deduction for the Swiss withholding tax amounts to 35% on the 50% of the difference between the buyback price of the registered shares or the participation certificates and their nominal values. No deduction for the Swiss withholding tax is made on the other 50% of the difference between the buyback price of the registered shares and the participation certificates and their nominal values, for which amount CCR are used.

Persons domiciled in Switzerland are entitled to a refund of the withholding tax provided they had equitable ownership of the shares and the participation certificates at the time of redemption and no tax evasion has been committed (Art. 21 of the Swiss Withholding Tax Act). Persons domiciled outside Switzerland may reclaim part of the Swiss withholding tax subject to the provisions of any relevant double taxation agreement.