[Non-English content] Dear shareholders. [Non-English content] Dear friends of Swisscom. [Non-English content] COVID-19 continues to dominate our daily lives. This is why we are not meeting at our usual venue at the Hallenstadion today, but are broadcasting our shareholders meeting from a TV studio, which you may already have seen on one or two occasions on a program on Swisscom blue TV. We very much regret that we will not be able to welcome you in person at our shareholders meeting and that you will not have the opportunity to ask us questions directly. The long time that we have spent away from our offices, from schools, shops and restaurants, from relatives and our friends have taught us new ways of communicating and working. All of a sudden, we had to do many things differently and in the process we have learned that some things can indeed be done differently. This is why we have organized our shareholders meeting slightly differently today. I would like to welcome Claudia Lässer, Chief Product Officer Sports and News and presenter of blue TV, and our CEO Urs Schaeppi to the studio. Instead of holding a long speech, Claudia will have a talk with us a bit later and look back on the past year 2020. I would also like to welcome Julia Gschwend here at the studio who is representing the independent proxy, REBER Rechtsanwälte, and also Peter Kartscher, the representative for the auditors. Also with us are Martin Vögeli, Secretary of the Board of Directors and Head of Group Strategy and Board Services, as well as the designated Chairman, my successor, Michael Rechsteiner. Due to the extraordinary situation that we are still experiencing, the other members of the Board of Directors and the Executive Board won't be attending today's meeting. I herewith open Swisscom Ltd.'s 23rd shareholders meeting and invite you to join us on a journey through the world of Swisscom. Have fun and action. [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] [Non-English content] Dear shareholders. In 2020, Swisscom managed to operate successfully despite the challenging environment. The continuing price pressure, as well as the effects of COVID-19, such as reduced roaming and entertainment revenues, resulted in slightly lower revenue. We were, however, able to compensate for the negative effects with growth in cloud and security solutions and at Fastweb, as well as efficiency gains. This resulted in a strong operating result. This success is all the more remarkable given that over 80% of our employees worked from home ensuring operations from there. The success of our product continues unabated. The attractive inOne bundled offer continues to grow. We also remain strong in the TV business, and in September 2020, we bundled our entertainment offering consisting of Bluewin, Swisscom TV, Teleclub, and Kitag to create the new blue product family. I was particularly pleased to see Swisscom winning all the mobile network tests in Switzerland and to learn about the high level of customer satisfaction among private and business customers. In addition, Swisscom was named the world's most sustainable telecom company in 2020. This makes us very proud indeed. Our subsidiary, Fastweb in Italy is also growing sustainably in terms of revenue, operating results, and customers. For further details on the 2020 business development, please refer to our annual report. Market saturation, intense competition, and the associated high price pressure are proving to be a continuing challenge this year. The further course of the COVID-19 pandemic and its consequences for our business are also creating uncertainty. We are meeting these challenges with attractive products, top quality, highly efficient networks, and an excellent customer service. In addition, we are continuing to drive forward the transformation of our company and are consistently pursuing the cost targets we have set. 2020 has been an intense year. Our employees performed extraordinarily well at the service of all our customers on a daily basis despite the difficult circumstances. I would like to take this opportunity to thank all of our employees, the Board of Directors, and the Executive Board, and especially our CEO, Urs Schaeppi, for their many years of service, their loyalty and untiring commitment to Swisscom. Together, we are inspiring people in an interconnected world. I would also like to thank you, our shareholders, for the trust you have placed in us and for your support. I wish you all the best. Stay healthy. Let us now move on to the formal part of this shareholders' meeting. The ordinary shareholders' meeting has been duly convened and we have a quorum. The invitation was published in the Swiss Official Gazette of Commerce in the 23rd of February 2021. The shareholders registered in the share register were sent invitations by post or if they wished so, by email. No request for items to be included on the agenda were received from the shareholders. The annual report has been available at Swisscom's registered office since 4th February 2021. It was also sent to the shareholders by post upon request. Our auditors, PricewaterhouseCoopers, who audited the annual and consolidated financial statements and the remuneration report, are represented here today. I herewith appoint Martin Vögeli as Secretary. The representative of the auditors, Peter Kartscher, will act as teller. I would like to thank them for making themselves available for this task. The shareholders' meeting has a quorum regardless of the number of shareholders present and shares represented. Resolutions are passed today by an absolute majority of the valid votes cast. According to the articles of incorporation, abstentions are considered as votes not cast. The agenda items of today's shareholders' meeting are being displayed. You will also find them in the written invitation. I will therefore refrain from repeating them. Due to the ongoing COVID-19 pandemic and based on Ordinance 3 on measures to combat the COVID-19 coronavirus, the Board of Directors has decided to once again hold the shareholders' meeting online without shareholders being physically present. Shareholders who have granted a power of attorney are represented by the independent proxy REBER Rechtsanwälte. Shareholders were informed in the invitation that they could address their questions to the Board of Directors prior to the shareholders' meeting. I will address relevant questions during today's shareholders' meeting. Client-specific questions have been answered in writing and will not be disclosed. Mrs. Gschwend will now hand over to Mr. Vögeli the shareholder votes together with the instructions given by the shareholders. Mr. Vögeli will then announce the number of shareholders votes represented. The independent proxy represents all shareholders who have granted him a power of attorney. The remaining persons present do not represent any shareholder votes. Each entity in the share register with voting rights entitles to one vote. In total, the independent proxy represents 38,684,528 votes. This corresponds to 74.68% of shareholder votes. Swisscom shares are not represented. Ladies and gentlemen, this brings us to the approval of Swisscom Ltd.'s management report, consolidated financial statements, and the annual financial statements for the financial year 2020. You will find the comprehensive report in the annual report 2020, which we have sent to you upon request. Together with our CEO, Urs Schaeppi, I will now answer Claudia Lässer's questions. Thank you very much, Hansueli, and welcome, Urs, here at the studio. I'm very happy to be able to look back on 2020 together. We've heard that the Board of Directors is happy with the results for 2020. What's your highlight for 2020 as CEO? I'm very happy how we did last year. We managed to weather a difficult year, and I'm particularly pleased how well we dealt with the load of the burden placed on our network and our customer service. We were able to launch a few innovations. blue TV, for example, where we've bundled different products or cloud and ICT solutions. I believe that Swisscom has shown that it is a well-led company. Swisscom is also leading when it comes to entertainment programs. Are there particular programs you like to watch? Well, I love to watch football. I'm pleased to hear that. I watch the Super League, I prefer Premier League, to be honest with you. Jürgen Klopp, a football trainer, is someone I've been following since he was at Mainz, Dortmund, and now Liverpool. I believe he's one of the most successful football trainers around, I particularly like to watch him. Now, what's your favorite team in Switzerland? Lucerne? Lucerne is one of my favorite teams. They did extremely well at some point, they did terrible, they're capable of everything. I've heard that Basel is looking for a new team president. Well, yeah, it's quite a messy situation there. What about you, Urs? What do you watch? Entertainment series? Football? Well, I only watch TV occasionally. I like blue TV because I like to be inspired. If I have time to watch TV, I go and have a look what you recommend, and I prefer action movies, to be quite honest with you. No romance films. My wife is the one watching love stories. That's why they're always recommended first to me. Most people have spent many months sitting at home. How about whether Swisscom has benefited from the pandemic? Well, of course, all products include everything. Whether people use more data or make more phone calls, that does not reflect in our figures. Last year has shown that we are supplying the country with an important backbone. Our infrastructure is vital for the country. Without it, neither homeschooling, nor working from home, nor shopping from home would have been possible. I was extremely pleased to have performed this wonderful feat with Blick and fantastic VIPs. We have really managed to provide the country with an infrastructure and a system that does work. I really had goosebumps when I saw that video earlier on. That was fantastic. The pandemic has influenced our situation and has placed a great burden on our system. During the first lockdown, our network was put under a great deal of strain. People were making more phone calls, using the internet more often. Our technicians did terribly well. They managed to make sure that everything was working. I keep saying that we are building the network today that we will need tomorrow, so we need to make sure there's some reserve so that that kind of specific burden can be dealt with. This is why we're investing billions into making our network faster. We're investing in glass fiber, we're investing in our mobile telephony network, 5G in particular. That's not an easy task because there is some resistance. New technologies always inspire fear, even though they've been well-researched, and I do hope we're doing all we can. We can continue enlarging and strengthening our networks, because if we can't strengthen their capacity, they will collapse sooner or later. What about these adaptive antennas? Are they better than the previous ones? Of course, this is a new technology core development. A mobile telephony antenna worked differently in the past. Adaptive antennas will only set up connections to customers when customers are actually using their connection. This technology is much more efficient, it's more sustainable, it produces less CO2, and it is CO2 friendly. It optimizes emissions. All those who fear radiation should be welcoming this new technology. There's many studies confirming that we should not be afraid of 5G. The first quarter of 2021 is over now. If you look ahead to the rest of the year, what do you expect to happen this year? Well, I'm convinced that the situation is going to continue being difficult. We'll experience turbulences, but I believe that Swisscom is very well set up, and we will weather this storm. I'm convinced that 2021 is going to be a successful year. We will continue investing in our networks. Customer service is going to be pivotal because customer satisfaction is central to us. When it comes to products, you can expect a few beautiful things to be presented. Of course, as Hansueli said earlier on, Fastweb has continued to grow in 2021, and Fastweb is very important for us. All in all, I believe that it's going to be a good year. A challenging year. Nevertheless, we're going to have a stable turnover, CHF 11.1 billion. Operational profit of CHF 4.3 billion, plus and minus unchanged, I'd say. I'm also convinced that we will be able to pay out a stable dividend of CHF 22 if we manage to achieve the targeted results. That's fantastic to hear. Hansueli, it's your last shareholders meeting as the Chairman of the Board of Directors. You've been in this office for 12 years. We have therefore prepared a few surprises for you. I'm not going to tell them away, though. If you look back on these last 12 years, they've been very amazing years. Are there any highlights? I'm going to give you three highlights. Swisscom is only as strong as its workforce. We need people who understand what they do and people who are proud of Swisscom. Secondly, Fastweb is really important. A couple of years ago, everyone said, "Sell it off." We said, "No, we're not going to sell it." We're going to continue supporting it. We're not going to sell everything off four years later. It was the right decision. Fastweb, together with a few other business areas, is growing. Swisscom TV and blue make me really proud. We have become a market leader with Swisscom TV blue. No one would have said a couple of years ago that we would become a market leader. That's something to be proud of. Yes, I find that very emotional, too. Hansueli, you always had a good feeling for trends. This is one of your strengths, I'd say. Isn't it? Well, some people say I'm demanding, but I make the right demands. Well, Hansueli is an entrepreneur, and he does understand people. He understands how people work. What about Hansueli? What else can you tell us? Well, he's very forward-thinking. He's always supported us. He's always been a perfect boss. I've been happy with him. That's nice to hear, isn't it? Well, I keep hearing that about you, that you've been a fantastic person, a good boss. Thank you for the compliment, Hansueli. I'm now going to pass the floor to you, Hansueli, again for the formal part of this shareholders meeting. Thank you very much. A few of our shareholders asked the Board of Directors questions prior to today's shareholder meeting. We confirmed to one shareholder that Swisscom has received compensation for short-time work for Blue Entertainment AG, at that time still under the name CT Cinetrade AG. We have also informed them that the Board of Directors has decided to include the issue of sustainability in the incentive scheme as early as 2021. This also includes the topics such as employees and the environment. The auditors are recommending that the annual financial statements of Swisscom AG and the consolidated financial statements be approved. I would like to thank the lead auditor, Peter Kartscher, and his colleagues for their excellent work. The Board of Directors proposes that the management report, the consolidated financial statements, and the annual financial statements for the financial year 2020 be approved. The Shareholders Meeting has approved the proposal with 99.98% votes in favor. Let us now move on to the remuneration report. The following amounts have been approved for the Group Executive and the Board of Directors. We now have these figures available, and you are invited to give an affirmative notice to the Remuneration Report 2020. Your votes are very important. They enable us to know whether you approve these figures. The compensation of our Executive Board and Board of Directors is supposed to be fair to everyone. We want to make sure that these figures are fair, and therefore, we look at comparable companies to see whether our figures of remuneration is comparable to other companies. In 2020, we paid out a total of CHF 2.388 million. We have paid out the following figures to the individual members. In 2020, we have paid out a larger sum, which is due to the fact that in 2019, we paid out less because of Valérie Berset Bircher left her mandate, and therefore, in 2019, we only had eight members for a couple of months in 2019. In 2020, Swisscom paid employers contribution to social insurance for some members, and the 2020 total compensation is below the total of CHF 2.5 million that you approved initially. In 2020, the members of the Executive Board received a total of CHF 7,265,000 of the total remuneration. CHF 1.853 were paid to Urs Schaeppi. The total remuneration for the Executive Board has been lower by 3.3%. The total remuneration of the CEO was increased by 5.3%, and this lower figure is due to the fact that we had less members in 2019. The increase for the remuneration of the CEO is due to the fact that the targets were overachieved. Total remuneration for 2020 is therefore lower than the initial budgeted compensation. PricewaterhouseCoopers have assessed the remuneration report and confirm that it complies with all the regulatory obligations. The Board of Directors proposes that you give an affirmative notice to the Remuneration Report 2020. The shareholders meeting has approved the proposal of the Board of Directors with 95.07% votes in favor. I thank you for your affirmative notice of the remuneration report. We will now proceed to the appropriation of the retained earnings and declaration of dividend. The retained earnings are made up of the balance carried forward from the previous year and the net income for 2020. It amounts to CHF 5.634 billion. The Board of Directors proposes to distribute CHF 1.14 billion as dividend and to carry forward CHF 4.494 billion to the new account. No dividend will be paid on shares held by Swisscom Ltd. As in the previous year, this corresponds to a dividend of CHF 22 per share or CHF 14.30 after deduction of withholding tax. The shareholders have approved the Board of Directors' proposal with 99.34% of votes in favor. The net dividend of CHF 14.3 per share will be paid out on 8th April. The last trading day with entitlement to receive the dividend is the 1st of April. As of the 6th of April, the shares will be traded without dividend entitlement. Let us now move on to item number three. The Board of Directors proposes that a discharge be granted to the members of the Board of Directors and the Executive Board for their activities in the financial year 2020. The members of the Board of Directors and all persons participating in the management of the company in the financial year 2020 are not entitled to vote on the discharge, neither for their own shares nor for the shares they represent. This also applies to any representatives of these persons. The shareholders have hereby granted discharge to the Board of Directors and the Executive Board with 99.82% votes in favor. Thank you for the trust you have placed in us. Let us now proceed with the elections to the Board of Directors. At today's shareholders' meeting, I have reached the maximum term of office of 12 years, and I'm therefore stepping down from the Board of Directors. All other members to be elected by the shareholders' meeting are standing for re-election. The federal representative, Renzo Simoni, is not elected by the shareholders' meeting, but rather appointed by the Swiss Federal Council. The Federal Council has appointed him for a further term of office until the 2022 shareholders' meeting. The Board of Directors proposes that Guus Dekkers be elected as a new member of the Board of Directors. Guus Dekkers was born in the Netherlands and has lived and worked in other European countries for over 25 years. He holds a master's degree in computer science and a master's degree in business administration. In his international career, he has worked in the manufacturing industry for many large international companies. His career began at Volkswagen AG in Wolfsburg, a company for which he worked from 1990- 2001 in several countries and in various functions, mainly in business process optimization. From 2002- 2005, he was Vice President of Information Technology, Europe and International at Johnson Controls Automotive. Subsequently, he was Chief Information Officer and Vice President at Siemens VDO Automotive AG in Germany. From 2005- 2007, he was Chief Information Officer of Airbus Group in France, where he drove extensive technology transfers. Since April 2018, Guus Dekkers has been Chief Technology Officer at the retail chain Tesco PLC in London, where he's responsible for the digitization of all Tesco activities worldwide. He has served on various Boards of Directors and of subsidiaries at Airbus Group and is currently a member of the advisory board of the Fraunhofer Institute for Secure Information Technology and the National Research Center for Applied Cybersecurity in Darmstadt. With his broad international experience in leadership and transformation gained in various industries, his technological competencies and experience in business and private banking, Guus Dekkers is an ideal addition to the Board of Directors. Guus Dekkers also meets the independence criteria of the Swiss Code of Best Practice for Corporate Governance compiled by economiesuisse. The careers and functions of the previous members of the Board of Directors are fully disclosed in the corporate governance report. You will find a summary of this information in the invitation to the shareholders' meeting. I will therefore refrain from introducing the members again individually here. We will now proceed to the votes on agenda items 41- 48. The proposal is displayed on the screen, and the members will be elected individually. All the members proposed for election have been elected as proposed. Roland Abt with 98.39% of votes in favor, Alain Carrupt with 99.86% of all votes cast, and Guus Dekkers with 99.84% of votes in favor, and Frank Esser with 99.25% of the votes in favor, and Barbara Frei with 92.58% of all votes in favor, Sandra Lathion-Zweifel with 95.79% of the votes in favor, Anna Mossberg with 99.74% of all votes in favor, and Michael Rechsteiner with 99.31% of votes in favor. My colleagues have previously declared their acceptance of the election in writing. On behalf of my colleagues, I thank you for the trust you have placed in us. The Board of Directors proposes the election of Michael Rechsteiner as the new Chairman of the Board of Directors. Michael Rechsteiner will introduce himself in one minute. [Foreign language] Dear shareholders. Mein Name ist Michael Rechsteiner. My name is Michael Rechsteiner. [Non-English content] You have the opportunity to elect me as the new Chairman of the Board of Directors at Swisscom. Before you do that, I would like to introduce myself briefly. I would like to tell you who I am, what motivates me and what future challenges are as I see them. Zum ersten Punkt, meine Person. Who am I? I'm Swiss, 58 years old, married. I have three adult children and I live with my wife Claudia and my daughter Dominique in Oberweningen. I studied machine engineering at ETH Zurich and later I studied corporate leadership at University of St. Gallen. I've always worked in an international environment. In the infrastructure segment, I've worked with Sulzer Textil and Textile Engineering and then 27 years in power generation for Alstom, ABB and General Electric. [Foreign language] What motivates me? Why would I like to work for Swisscom? Swisscom builds and maintains essential basic infrastructure for IT and telecommunication. It is vital and sustainable for our society and our economy. Secondly, there are many parallels between the energy and the telecommunication sectors. I have already mentioned that I was active in infrastructure, but there are mega trends such as digitization, security, application security, but also supply security, mobility and sustainability. Thirdly, Swisscom is an extremely strong brand with a fantastic reputation, both with its employees and customers, but also across the population. We built the best network. We regularly win tests, and we've just been named the most sustainable telecommunications company worldwide. We also do very well in corporate governance in Switzerland, so we are an excellent company. Of course, there are many challenges. Swisscom is a stock company and is acting in a liberalized market. There's an enormous price pressure and fierce competition. In order to continue being competitive and sustainable, we have to continue providing innovative solutions to our customers. We need to optimize our cost base on a constant basis and need to increase our efficiency on an ongoing basis. In addition, we need to keep looking for growth, both in our core business but also in similar business areas. Ladies and gentlemen, I'm very pleased to present myself as a candidate for this election. You have elected Michael Rechsteiner with 99.81% of votes in favor. Liebe Aktionäre. I thank you, dear shareholders, for the trust you have placed in me. Of course, I gladly accept this election. Together with the other members from the Board of Directors, the Executive Board, and together with all the Swisscom employees, I look forward to meeting all your expectations and handling all future challenges. We are now going to move on to the next item. We are going to elect the members of the Compensation Committee. The Board of Directors intends to reappoint Barbara Frei as chairwoman of the Compensation Committee if she is elected at the shareholders' meeting. The Board of Directors proposes that Roland Abt, Frank Esser, Barbara Frei, Michael Rechsteiner without voting rights, and Renzo Simoni be reelected. All results of the elections to the Compensation Committee are now being displayed. All the members proposed for election have been elected as proposed. Roland Abt with 98.71% votes in favor. Frank Esser with 99.58% votes in favor. Barbara Frei with 93.17% votes in favor. Michael Rechsteiner with 99.64% votes in favor. Renzo Simoni with 97.62% votes in favor. On behalf of my colleagues, I would like to thank you for the trust you have placed in us. All members have previously declared their acceptance of the election in writing. Let us now move to the remuneration of the members of the Board of Directors and the Executive Board for the 2022 business year. The actual total remuneration paid to the Board of Directors and the Executive Board will then be disclosed in detail in the remuneration report for the business year 2022. A consultative vote on this remuneration report will be held at the shareholders' meeting in 2023. The Board of Directors proposes a maximum total amount of CHF 2.5 million for the nine members of the Board of Directors. It consists of the following amounts: CHF 2.2 million for a function-based flat fee, CHF 0.3 million for employer contributions to social insurance and occupational pension. The employer contributions to the occupational pension scheme include the expected statutory and regulatory obligations for the potential pension payments to be insured in 2022. The amount of the contributions is dependent on, amongst other things, the employment situation of the Board members, their age structure, and of course, the insurance contribution rates. The remuneration paid to the Board of Directors amounted to CHF 2.2 million in 2019 and CHF 2.4 million in 2020. The total amount already approved for 2021 and proposed again for 2022 amounts to CHF 2.5 million. The maximum total amount for the remuneration of the Board of Directors in 2022 was approved with 99.2 votes in favor. Let us now move on to the remuneration of the Executive Board. The Board of Directors proposes maximum total amount for the remuneration of the Executive Board amounting to CHF 8.7 million. The amount is based on the remuneration of six members of the Executive Board and is expected to comprise the following subtotals, CHF 3.5 million for basic remuneration, CHF 3.5 million for the variable performance-related remuneration, and CHF 1.7 million for pension contribution and fringe benefits, as well as employer contributions to social insurance. The basic remunerations include a potential increase of 5% compared with 2021. As a rule, the individual remuneration in place for members of the Executive Board is reviewed once every three years of employment. The Board of Directors will decide whether to implement the envisaged basic remuneration increase for each member of the group board individually, based predominantly on the evaluation of the market value of the function in question. Taking into account individual performance, the Board of Directors will determine basic remuneration for 2022 at the end of 2021. The Board of Directors will define the targets for the 2022 business year at the end of 2021. Once the 2022 annual results are made available in February 2023, it will then determine the target achievement, which can vary between 0% and 100%. From today's perspective, the Board of Directors considers a target achievement of 100% to be realistic. If 100% of targets are met in 2022, the total remuneration is expected to amount to CHF 8.4 million. As the chart displayed shows, the targets have never been outperformed to such an extent that the maximum possible variable component has not yet been approached. The remuneration effectively paid out in 2020 and 2019 is significantly below the expected maximum total amount, and the Board of Directors expects the same for 2021 and 2022. Maximum total amount of CHF 8.7 million for the remuneration of the members of the Executive Board for the year 2022 has been approved with 97.14% of votes in favor. We are now going to proceed to the re-election of the independent proxy. The Board of Directors proposes to the shareholders' meeting that the law firm REBER Rechtsanwälte in Zurich be re-elected as independent proxy. The REBER Rechtsanwälte law firm has confirmed that their firm meets the independent requirements for performing its mandate. REBER Rechtsanwälte law firm is herewith elected as independent proxy until the end of the conclusion of the next ordinary shareholders' meeting, with 99.98% of the votes in favor. I congratulate REBER Rechtsanwälte law firm and thank them for accepting the mandate. Let us now move to the last item on the agenda of this shareholders' meeting, namely the re-election of the auditors. The Board of Directors proposes that PricewaterhouseCoopers, PwC, is re-elected. PwC is registered as a state-supervised audit company with the Federal Audit Oversight Authority and has confirmed to Swisscom that it meets the legal requirements concerning independence. PricewaterhouseCoopers AG are hereby elected as auditors for the financial year 2021 with 90.25% votes in favor. I have received their declaration of acceptance. Of course, it's a very special shareholders' meeting, and therefore, I am very pleased to hand over to Claudia Lässer now. It is indeed a very special shareholders' meeting. Could I ask you to sit down with me again, Hansueli? Michael Rechsteiner is here too. It is your last shareholders meeting. You're looking back to 12 years at Swisscom. How do you feel today? General assembly. It is a very extraordinary shareholders meeting. It's my last one, and when I drove here by car, I thought back to the past 12 years. I'm very happy with what I remembered. Of course, there were difficult moments too, but our lives are not always only happy. What is your best memory? What are you taking home with you? Well, of course, Swisscom's always been very dear to me. I will never forget Swisscom and all its employees. Any company that performs well over so many years is a company that has a great deal of stability, both when it comes to its Executive Board and the Board of Directors. You are beginning a new life, both professionally and privately. What are you planning? Well, of course, I can't just stop working. That's simply not possible. Well, I'm looking forward to other mandates. I started a new mandate at Pilatus and also be serving Transgourmet. I hope that over the next couple of months, Transgourmet will be supplying restaurants and hotels again. I bought myself a horse. I want to start horse riding again. I remember that when you were small, you told me that horse riding was a big thing. You loved it. Well, at some point, I had to decide whether I was going to become a professional horse rider or whether I was going to start working for a company, and I opted for companies, but now I'm going back to horse riding. Unfortunately, we are not able to celebrate with our shareholders and guests, but we have one special guest present here. I would like to thank you personally. Dear Hansueli Loosli, you were with Coop. I was working for consumer protection many years ago. We didn't always agree, but I always appreciate you as a person. You are an innovative person, a person with an open mind for new things, and you never became arrogant. You always remained down to earth, and that's how I got to know you as a Chairman of the Board of Directors at Swisscom. Today, I would like to thank you for your untiring work. You are stepping back as the Chairman of the Board of Directors at Swisscom. The Loosli era at Swisscom is coming to an end. You have built up a strong company. You've shaped Swisscom into a new company that is very employee-friendly and very social. Swisscom is a company that is competitive, efficient, that is innovative. It operates in a very dynamic situation. You have always felt that you always had the ability to feel out trends, at the same time, you never lost touch with the base. You've always remained down to earth. Responsibility is not just a mere word for you. I always felt that you took your responsibility very seriously. You always knew what it meant to be at the top of a company with nearly 90,000 employees. Thank you very much, Mr. Loosli. You are now taking on new challenges. It seems you want to spend more time with your family. You want to spend more time writing, playing music. I would like to thank you very much for your hard work, for your loyalty on behalf of the Swiss Federal Council, on behalf of Switzerland. Beautiful words, weren't they? Awesome. I'm speechless. Well, I believe that we've heard three things that many people say about you. You're very open. You have an open mind. You have your feet firmly on the ground. You never lose touch with the base. Now we have an additional small surprise prepared for you. Of course, we have something on the side for you at present, but at first, before you go, we would like to thank you for your hard work over the past 12 years. You participated in over 300 meetings over the past 12 years, and 250 of them you chaired as a chairman. 12 years. That is a time filled with highlights that you shaped, you co-decided on. I'm not going to start picking out individual highlights because this would go beyond the scope of this shareholders meeting. I would like to pick out two things. Hansueli, you are passing on a very successful and sustainable company, a proud company, on to your successor. A company that has kept proving that it is capable of reinventing itself, of growing, of finding new areas of growth. The second thing I would like to emphasize is that you've always remained yourself. You always remain down-to-earth and close to your customers and employees. You always placed people at the center of your activities. Dear Hansueli, you deserve great respect and gratitude for being that kind of person. I'm very proud to be able to present you with a small present on behalf of the entire staff and to the Board of Directors. We have brought a small lamp with us for you. We hope that this small lamp will find a nice place in your house, and that it will keep reminding you of your friends at Swisscom. Dear Hansueli, thank you very much for your work. Stay healthy and all the best for your future. Thank you very much. May I? I would like to thank you for those kind words, Michael. I'm convinced that you are the right person for this job. Of course, we prepared all this. We thought about it together with Urs Schaeppi and the Executive Board. We would like to thank you for joining us. We need someone who's down to earth, who has his feet firmly rooted in the ground. Thank you very much, Michael. You once told me, Hansueli, that for your last shareholders' meeting, you would like to have a very special guest here, and we remember who that you said, and therefore, we've invited him to join us. Maybe you've forgotten who you wanted to see. We have him here, especially for you. [Break] That is an amazing surprise. Thank you so much. Hansueli, about a year ago, approximately, we met, and we talked about something entirely different. You told me, "Please, don't organize anything on the 31st of March next year. I want to have you around with a big band at Hallenstadion." When the pandemic broke out, I knew or feared that it might not become possible. We understood that no big events were possible. Luckily, we found a solution. We have a small event here prepared for you with these two old guys here in front who both turned 75 years a couple of months ago. I would like to wish you all the best for your future. I know you are an extremely active person, you're not going to rest. Have a great time, stay healthy, and thanks for having us here. Thank you for coming. Wasn't that not amazing? Where do you know Pepe from? Well, I met Pepe many years ago, and when I was a young boss at Coop, I invited Pepe to a management meeting in Lugano. 3,000 people there all in all. I needed to wake them up occasionally. I needed to get them going. I remember I even sang. We set up a few pallets and he played, I sang. Nobody forgot this. Everybody kept talking about this event for many years later. That's the beginning. That was the beginning of a wonderful friendship, yes. Of course, you'll be able to toast with him later on, but there's one formality awaiting you namely the formal conclusion of the shareholders' meeting 2021. Ladies and gentlemen, this brings us to the end of this year's ordinary shareholders' meeting. Dear shareholders, I would like to thank you for your commitment to our company and for the trust you have placed in Swisscom's Board of Directors by approving all of our proposals. I would like to also thank Martin Vögeli and all the employees who have made this shareholders meeting possible. We even had music. Who would have believed it? Hopefully it will be held together with you present in person, dear shareholders, at the Hallenstadion in Zurich on the 30th of March 2022. Finally, I would like to thank you personally for the trust you have placed in me over the past 12 years. As I said before, Swisscom has grown close to my heart during this time. I will continue to remain close to Swisscom. I hereby bid you, dear shareholders, farewell. I wish you all the best and look forward to attending next year's ordinary shareholders meeting as a shareholder together with you. The 2021 ordinary shareholders meeting is herewith closed. Thank you very much.