Short report on the Annual General Meeting of PSP Swiss Property Ltd, Zug, of 9 April 2013, at Kongresshaus Zürich, starting at 3 p.m.

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1 Short report on the Annual General Meeting of PSP Ltd, Zug, of 9 April 2013, at Kongresshaus Zürich, starting at 3 p.m. (translation of the prevailing German text) 193 shareholders attended this year s Annual General Meeting of PSP Ltd on 9 April 2013 at 3 p.m.; shares were represented, respectively 60.32% of the share capital. All proposals of the Board of Directors regarding the agenda items - except the proposal regarding the continuation of the authorised share capital, which was withdrawn by the Board of Directors - have been approved without discussion by electronic voting. 1. Annual activity report, financial statements and consolidated financial statements 2012, auditors report The annual activity report, the financial statements and consolidated financial statements 2012 were - after taking note of the auditors report - approved. ( Yes, No, Abstentions) 2. Appropriation of retained earnings From the retained earnings as of 31 December 2012 of CHF the amount of CHF 300'000' has been allocated to the free reserves and the amount of CHF 6'742' has been carried forward. ( Yes, No, Abstentions) 3. Distribution to the shareholders for the 2012 business year out of capital contribution reserves The distribution of CHF 3.20 per share to the shareholders out of the capital contribution reserves, after booking into the free reserves, has been approved. ( Yes, No, Abstentions) 4. Discharge of the members of the Board of Directors and of the Executive Board The members of the Board of Directors and of the Executive Board have been granted discharge in globo. ( Yes, No, Abstentions) 5. Authorised share capital The proposal of the Board of Directors (granting authority to the Board of Directors to increase the share capital by no later than 9 April 2015, by an amount not exceeding CHF by issuing a maximum of fully paid-up registered shares with a nominal value of CHF 0.10 per share and corresponding amendment to Art. 5bis of the Articles of Association) was withdrawn by the Board of Directors and there was no vote thereon. 1/2

2 Short report on the Annual General Meeting of PSP Ltd of 9 April 2013 (cont d) 6. Elections to the Board of Directors All current members of the Board of Directors were re-elected in single elections for a statutory term of office of one year each and the Board of Directors remains unchanged as of 9 April 2013: Mr. Günther Gose, Chairman ( Yes, No, Abstentions) Mr. Luciano Gabriel, Delegate and CEO ( Yes, No, Abstentions) Mr. Peter Forstmoser ( Yes, No, Abstentions) Mr. Nathan Hetz ( Yes, No, Abstentions) Mr. Gino Pfister ( Yes, No, Abstentions) Mr. Josef Stadler ( Yes, No, Abstentions) Mr. Aviram Wertheim ( Yes, No, Abstentions) 7. Election of the Statutory Auditors PricewaterhouseCoopers AG, Zurich, has been re-elected as Statutory Auditors for the 2013 business year. ( Yes, No, Abstentions) The next annual General Meeting will be held on Thursday, 3 April 2014, afternoon, at Kongresshaus Zurich. PSP Ltd, 10.4./10.7./ enclosures: Invitation to the Annual General Meeting Präsenzmeldung und Abstimmungsresultate 2/2

3 PSP Ltd, Zug Invitation to the Annual General Meeting Tuesday, 9 April 2013, at 3 p.m. at Kongresshaus, Zurich, Entrance Kongresshaus /Claridenstrasse (Gartensaal, doors opening at 2 p.m.) To the shareholders of PSP Ltd, Zug Ladies and Gentlemen The Board of Directors of PSP Ltd is pleased to invite you to the Annual General Meeting with the following agenda. Agenda 1 Annual activity report, financial statements and consolidated financial statements 2012, auditors report Proposal of the Board of Directors: approval of the annual activity report, the financial statements and the consolidated financial statements 2012, taking note of the auditors report 2 Appropriation of retained earnings Proposal of the Board of Directors 1 : Profit carried forward of previous period CHF Net profit 2012 CHF Retained earnings as of 31 December 2012 CHF Allocation to the free reserves CHF Balance carried forward CHF Distribution to the shareholders for the 2012 business year out of capital contribution reserves Distribution of CHF 3.20 per share to the shareholders out of the capital contribution reserves, after booking into the free reserves Proposal of the Board of Directors 1 : approval 1 For further details, see the appendix to this invitation. Page 1

4 4 Discharge of the members of the Board of Directors and of the Executive Board Proposal of the Board of Directors: granting of discharge 5 Authorised share capital Authorisation of the Board of Directors to increase the share capital, by no later than 9 April 2015, by an amount not exceeding CHF by issuing a maximum of fully paid-up registered shares with a nominal value of CHF 0.10 per share; amendment to Art. 5bis of the Articles of Association (continuation of the authorised share capital in force until 1 April 2013) Proposal of the Board of Directors 1 : approval 6 Elections to the Board of Directors The Board of Directors proposes that the Board of Directors be composed, effective as of 9 April 2013, of the following seven members, all of them for a statutory term of office of one year: Mr. Günther Gose Mr. Luciano Gabriel Mr. Peter Forstmoser Mr. Nathan Hetz Mr. Gino Pfister Mr. Josef Stadler Mr. Aviram Wertheim (current) (current) (current) (current) (current) (current) (current) 7 Election of the Statutory Auditors Proposal of the Board of Directors: re-election of PricewaterhouseCoopers AG, Zurich, for the 2013 business year 1 For further details, see the appendix to this invitation. Page 2

5 The annual report, including the auditors report, is available from now onwards for inspection by shareholders at the Company s registered office in Zug, Kolinplatz 2, as well as at the registered office of PSP Group Services Ltd in Zurich, Brandschenkestrasse 152a, and at Shareholders who wish to receive the annual report by mail may mention this on the enclosed reply form. An extract from the annual report ( 2012 Short Report ) is enclosed. Shareholders planning to attend the General Meeting in person are requested to return the enclosed reply form for an admittance ticket with voting material. Participation in and voting at the General Meeting shall be restricted to shareholders entered in the share register as shareholders with voting rights on 4 April 2013 (record date). The share register will be administrated until 4 April 2013; it will be closed from 5 April until 9 April 2013, inclusive. Power of attorney (Art. 11 (2) and (3) of the Articles of Association): Shareholders entitled to vote who are unable to attend the General Meeting in person are requested to arrange representation by another shareholder entitled to vote, their bank, or our Company. They may also appoint the attorney Mr. Niklaus Wiget, P.O. Box 5, CH-8024 Zurich, to act as their independent representative pursuant to Art. 689c CO (and to follow any written instructions regarding the votes and elections). In the absence of any instructions to the contrary, Mr. Wiget will exercise voting rights in favour of the proposals of the Board of Directors. Additional details on assigning power of attorney are described on the reply form. Please find enclosed two envelopes (addressed to PSP Ltd, respectively Mr. Wiget) for returning the reply form. Please note that the filled-in and signed reply form must be in possession of PSP Ltd, the authorised bank, or Mr. Wiget by 2 April 2013 at the latest. Representatives of deposited shares pursuant to Art. 689d CO are requested to notify the Company as soon as possible, and at the latest upon admission to the General Meeting on 9 April 2013, as to the number of shares they have proxy for. Yours faithfully PSP Ltd On behalf of the Board of Directors The Chairman Zug, 18 March 2013 Günther Gose Enclosures: Extract from the annual report ( 2012 Short Report ) Reply form, two reply envelopes Translation of the legally binding German text Page 3

6 APPENDIX TO THE INVITATION (AGENDA ITEMS 3 AND 5): For the wording of agenda items 3 and 5, and the proposals of the Board of Directors to these agenda items, see the agenda on pages 1 and 2 of this invitation. A. Comments to agenda item 3 of the General Meeting (Distribution to the shareholders for the 2012 business year out of capital contribution reserves) The Board of Directors proposes to distribute for the 2012 business year CHF 3.20 per share to the shareholders out of the account capital contribution reserves, after booking the total amount of CHF into the free reserves (as transitory account) 2. The distribution is made instead of a dividend out of the retained earnings as per 31 December The distribution will not attract withholding tax and, for natural persons resident in Switzerland, is basically tax free; no charges will be involved for shareholders in Switzerland. As of today, payment date is presumably on 16 April 2013, ex-date on 11 April B. Comments to agenda item 5 of the General Meeting (Authorised share capital) The current Art. 5bis of the Articles of Association (see left column below) foresees an authorised share capital not exceeding CHF , which ends on 1 April The Board of Directors proposes to approve a new identical authorised share capital not exceeding CHF for a two years term (from 9 April 2013 until 9 April 2015) and to amend Art. 5bis of the Articles of Association accordingly (by repealing the current Art. 5bis). With the exception of the new termination date 9 April 2015, in lieu of 1 April 2013 in section (1), the wording of the proposed new version of Art. 5bis remains unaltered and reads as follows (see right column below) 3 : (current) Article 5bis, Authorised share capital (new) Article 5bis, Authorised share capital (1) The Board of Directors is authorised to increase the share capital, by no later than 1 April 2013, by an amount not exceeding CHF by issuing a maximum of fully paid-up registered shares with a nominal value of CHF 0.10 per share. An increase in partial amounts is permitted. (2) Subscription and acquisition of the new shares, as well as each subsequent transfer of the shares, are subject to the restrictions set out in Article 7 of these Articles of Association. (3) The Board of Directors shall determine the date of issue of new shares, their issue price, the allocation of the excluded pre-emptive rights, the method of payment and the start of dividend entitlement. (4) The subscription rights of shareholders are excluded; the shares issued shall be used only as consideration for the acquisition of or (for example in the case of a placement of shares) for the financing of the acquisition of real estate by the Company or a subsidiary or as consideration for the takeover of or (for example in the case of a placement of shares) for the financing of the takeover of companies, parts of companies or participations by the Company or a subsidiary. Acquisition and takeover are only allowed within the framework of the purpose according to Article 4 of these Articles of Association. (1) The Board of Directors is authorised to increase the share capital, by no later than 9 April 2015, by an amount not exceeding CHF by issuing a maximum of fully paid-up registered shares with a nominal value of CHF 0.10 per share. An increase in partial amounts is permitted. (2) Subscription and acquisition of the new shares, as well as each subsequent transfer of the shares, are subject to the restrictions set out in Article 7 of these Articles of Association. (3) The Board of Directors shall determine the date of issue of new shares, their issue price, the allocation of the excluded pre-emptive rights, the method of payment and the start of dividend entitlement. (4) The subscription rights of shareholders are excluded; the shares issued shall be used only as consideration for the acquisition of or (for example in the case of a placement of shares) for the financing of the acquisition of real estate by the Company or a subsidiary or as consideration for the takeover of or (for example in the case of a placement of shares) for the financing of the takeover of companies, parts of companies or participations by the Company or a subsidiary. Acquisition and takeover are only allowed within the framework of the purpose according to Article 4 of these Articles of Association. 2 After last year s distribution of CHF million and this year s proposed distribution of CHF million there are CHF million left on the account capital contribution reserves. 3 Please note that the following provisions of the Articles of Association are translations of the legally binding German text. Page 4

7 Ordentliche Generalversammlung der PSP AG vom 9. April 2013 Präsenzmeldung Stand um: 15:05 Zur heutigen GV sind Repräsentiert werden insgesamt 193 Aktionäre erschienen. 27'667'287 Narrenaktien mit derselben Anzahl bzw. mit CHF 2'766' Aktiennennwerten (entsprechend 60.32% des Aktienkapitals). Davon werden gemäss Art. 689ff OR vertreten: (1) durch Organvertreter i. S. von Art 689c OR 3'592'916 Narrenaktien mit derselben Anzahl bzw. mit CHF 359' Aktiennennwerten (2) durch den unabhängigen Stimmrechtsvertreter, i.s. von Art 689c OR Herrn Dr. Niklaus Wiget 17'493'292 Narrenaktien mit derselben Anzahl bzw. mit CHF 1'749' Aktiennennwerten (3) durch Depotvertreter i.s. von Art 689d OR 0 Narrenaktien mit derselben Anzahl bzw. mit CHF 0.00 Aktiennennwerten i l /L C C~- Der Stimmenzä erobmann

8 ,7. ~1 lu' ßEIL.A~E ~s Traktandum 1: I Jahresbericht, Jahresrechnung und Konzernrechnung 2012, Bericht der Revisionsstelle Präsenz 15:39 Uhr 27'669'238 vertretenen Stimmen (Art. 703 OR; Art. 14 (1) der Statuten) 13'834'620 Abgegebene gültige Stimmen 27'665'069 Ja-Stimmen 26'270'036 Nein-Stimmen 1'365'137 Enthaltungs-Stimmen 29'896

9 3.2 BEILAGE NR. Traktandum 2: Verwendung des Bilanzgewinns Präsenz 15:42 Uhr 27'669'238 vertretenen Stimmen (Art. 703 OR; Art. 14 (1) der Statuten) 13'834'620 Abgegebene gültige Stimmen 27'667'567 Ja-Stimmen 27'662' 151 Nein-Stimmen 1'390 Enthaltungs-Stimmen 4'026 ~~ c

10 BE{LAGE NR. 3~ 3 ~. Traktandum 3: i Ausschüttung an die Aktionäre für das Geschäftsjahr 2012 aus Kapitaleinlagereserven Präsenz 15:47 Uhr 27'669'238 vertretenen Stimmen (Art. 703 OR; Art. 14 (1) der Statuten) 13'834'620 Abgegebene gültige Stimmen 27'668'939 Ja-Stimmen 27'639'721 Nein-Stimmen 26'518 Enthaltungs-Stimmen 2'700 ~~ C---~ ~~

11 ~; ~EILA.~~ ~i~ 3. Traktandum 4: Entlastung der Mitglieder des Verwaltungsrats ' und der Geschäftsleitung Präsenz 15:50 Uhr 21'818'871 vertretenen Stimmen (Art. 703 OR; Art. 14 (1) der Statuten) 10'909'436 Abgegebene gültige Stimmen 21'813'477 Ja-Stimmen 21'501'522 Nein-Stimmen 223'182 Enthaltungs-Stimmen 88'773 s'~

12 ~EItAGE NR. ~. 6.~ Traktandum 6: ~~ Wahlen in den Verwaltungsrat ~ ~ Dr. Günther Gose Präsenz 15:54 Uhr 27'669'238 vertretenen Stimmen (Art. 703 OR; Art. 14 (1) der Statuten) 13'834'620 Abgegebene gültige Stimmen 27'667'002 Ja-Stimmen 17'064'485 Nein-Stimmen 10'559'540 Enthaltungs-Stimmen 42'977

13 BEILAGE NR..~ 6.2 Traktandum 6: Wahlen in den Verwaltungsrat ' Dr. Luciano Gabriel Präsenz 15:56 Uhr 27'668'965 vertretenen Stimmen (Art. 703 OR; Art. 14 (1) der Statuten) 13'834'483 Abgegebene gültige Stimmen 27'665'449 Ja-Stimmen 24'070'473 Nein-Stimmen 3'471'061 Enthaltungs-Stimmen 123'915 c~ 1.

14 BEILAGE t~!~ Traktandum 6: Wahlen in den Verwaltungsrat ' ' Swiss Prop~rty Prof. Dr. Peter Forstmoser Präsenz 15:58 Uhr 27'668'965 vertretenen Stimmen (Art. 703 OR; Art. 14 (1) der Statuten) 13'834'483 Abgegebene gültige Stimmen 27'666'329 Ja-Stimmen 18'419'165 Nein-Stimmen 9'202'092 Enthaltungs-Stimmen 45'072 ~ ~~ l `/

15 BEILAGE NR ~. Traktandum 6: I s Wahlen in den Verwaltungsrat ' ' Nathan Hetz Präsenz 16:00 Uhr 27'668'965 vertretenen Stimmen (Art. 703 OR; Art. 14 (1) der Statuten) 13'834'483 Abgegebene gültige Stimmen 27'664'277 Ja-Stimmen 19'657'066 Nein-Stimmen 7'962'453 Enthaltungs-Stimmen 44'758 j I ~,~

16 8E1tÄ~E N~ ~~~~ Traktandum 6: :~~- Wahlen in den Verwaltungsrat Gino Pfister Präsenz 16:02 Uhr 27'668'715 vertretenen Stimmen (Art. 703 OR; Art. 14 (1) der Statuten) 13'834'358 Abgegebene gültige Stimmen 27'665'806 Ja-Stimmen 19'708'262 Nein-Stimmen 7'910'604 Enthaltungs-Stimmen 46'940

17 Traktandum 6: Wahlen in den Verwaltungsrat Josef Stadler B~~ r \ V t~ ~` 4~ Y `) 1 V~ ~~ Präsenz 16:03 Uhr 27'668'965 vertretenen Stimmen (Art. 703 OR; Art. 14 (1) der Statuten) 13'834'483 Abgegebene gültige Stimmen 27'642'548 Ja-Stimmen 27'398'762 Nein-Stimmen 196'835 Enthaltungs-Stimmen 46'951 ~~

18 Traktandum 6: Wahlen in den Verwaltungsrat Aviram Wertheim ~EILA~E NR. ~ ~ ~ Swiss Prop~rty Präsenz 16:05 Uhr 27'668'965 vertretenen Stimmen (Art. 703 OR; Art. 14 (1) der Statuten) 13'834'483 Abgegebene gültige Stimmen 27'664'569 Ja-Stimmen 15'520'356 Nein-Stimmen 12'131'615 Enthaltungs-Stimmen 12'598, ~-~ ~

19 3. ~. Traktandum 7: Wahl der Revisionsstelle ~ElLAGE NR. Präsenz 16:07 Uhr 27'666'722 vertretenen Stimmen (Art. 703 OR; Art. 14 (1) der Statuten) 13'833'362 Abgegebene gültige Stimmen 27'665'276 Ja-Stimmen 27'410'967 Nein-Stimmen 229'088 Enthaltungs-Stimmen 25'221