Extraordinary General Meeting of Schaffner Holding AG elects new Board of
Directors and approves delisting

Schaffner Holding AG / Key word(s): AGMEGM
Extraordinary General Meeting of Schaffner Holding AG elects new Board of
Directors and approves delisting

07.12.2023 / 18:00 CET/CEST

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Luterbach, Switzerland, December 7, 2023 - Today, the Extraordinary General
Meeting of Schaffner Holding AG, which had been convened following the
public tender offer by TE Connectivity Ltd, was held in Solothurn. At the
Extraordinary General Meeting, 64.16% of the voting share capital was
represented.

The shareholders approved all proposals of the Board of Directors. They
elected the following three new members to the Board of Directors with
effect as of and subject to the settlement of the public tender offer:

  * Harold G. Barksdale (US citizen, born 1964), Vice President, Chief
    Corporate Counsel and Corporate Secretary of TE Connectivity;

  * Jörg Casparis (Swiss, born 1976), Regional Senior Tax Director at TE
    Connectivity; and

  * Christian Schmidt (Swiss, born 1977), Senior Manager Controller at TE
    Connectivity.

Harold G. Barksdale was elected as the new Chairman of the Board of
Directors. Jörg Casparis and Christian Schmidt were elected as members of
the Compensation Committee.

The previous members of the Board of Directors Markus Heusser, Philipp
Buhofer, Gerhard Pegam and Andrea Tranel, who tendered their resignations
with effect from and subject to the settlement of the public tender offer,
as well as the members of the Executive Committee were discharged by the
Extraordinary General Meeting for the time between October 1, 2022 up to and
including the conclusion of today's Extraordinary General Meeting.

The shareholders also approved the delisting of the shares of Schaffner
Holding AG from SIX Swiss Exchange subject to the settlement of the public
tender offer. The delisting requires the approval of SIX Exchange Regulation
and timing will be communicated in due course.

Contact
Schaffner Holding AG, Investor Relations and Media Office: c/o Dynamics
Group, Zurich
Thomas Balmer, +41 79 703 87 28 / Edwin van der Geest, +41 79 330 55 22
investor-relations@schaffner.com

Financial Calender
December 14, 2023 Settlement of the public tender offer by TE Connectivity
Ltd.


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End of Media Release

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   Language:       English
   Company:        Schaffner Holding AG
                   Nordstrasse 11e
                   4542 Luterbach
                   Switzerland
   Phone:          +41 32 681 66 21
   E-mail:         christian.herren@schaffner.com
   Internet:       www.schaffner.com
   ISIN:           CH0009062099
   Listed:         SIX Swiss Exchange
   EQS News ID:    1792501

End of News EQS News Service
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1792501 07.12.2023 CET/CEST