Landis+Gyr Publishes Annual Report 2022 and Invitation to AGM 2023

Cham, Switzerland – May 26, 2023 – Landis+Gyr Group AG (SIX: LAND) today published its Annual Report 2022, which is available on the Company’s website (https://investors.landisgyr.com/annual-report/2022/). The report provides comprehensive information about the Group’s business and financial performance, corporate governance, remuneration, and sustainability achievements in the financial year 2022 (April 1, 2022 – March 31, 2023).

In addition, Landis+Gyr today issued the invitation to the Annual General Meeting to be held on June 22, 2023, in Zug, which is available on the Company’s website (www.landisgyr.com/agm). As communicated on May 2, 2023, the Board of Directors proposes, amongst other items, a distribution from statutory capital reserves of CHF 2.20 per share.

As also communicated at the beginning of May, two changes to the Board of Directors are planned for the upcoming Annual General Meeting of Shareholders. Søren Thorup Sørensen, representative of Landis+Gyr’s largest shareholder KIRKBI, has informed the Board of Directors that he will not stand for re-election after serving on the Board for four years. As the new representative of KIRKBI, the Board of Directors proposes the election of Peter Christopher V. Bason as new director. Peter Bason has been Head of Long-Term Equity at KIRKBI since 2020 with prior experience at Altor Equity Partners and at McKinsey & Company.

In addition, the Board of Directors proposes the election of Audrey Zibelman as a new independent director. Audrey Zibelman brings a wealth of experience in grid operations, power markets, and public service to the Board. During her long career she most recently served at Alphabet's moonshot factory X, was CEO of the Australian Energy Market Operator and CEO of the New York Public Services Commission.

Amongst other items, the Board of Directors also proposes to amend Landis+Gyr Group AG’s articles of association in order to align them with the revised Swiss corporate law and to replace the Company’s authorized capital with a capital band.