Proposed appropriation of available earnings

Proposed appropriation of retained earnings (CHF in thousands)

2018

2017

(1)

Shareholders who are resident in Sweden participating in the established dividend access facility received and will receive an amount in Swedish kronor from ABB Norden Holding AB which corresponds to the dividend resolved on a registered share of ABB Ltd without deduction of the Swiss withholding tax. This amount however is subject to taxation according to Swedish law. However, no dividend was and will be paid on own shares held by the Company.

Net income for the year

1,297,584

949,740

Carried forward from previous year

6,716,999

7,964,925

Cancellation of shares

(916,116)

Retained earnings

8,014,583

7,998,549

Gross dividend of CHF 0.78 per share paid directly by the Company(1)

(1,281,550)

Gross dividend of CHF 0.80 per share on total number of registered shares(1)

(1,734,519)

Balance to be carried forward

6,280,064

6,716,999

On February 28, 2019, the Company announced that the Board of Directors will recommend for approval at the May 2, 2019, Annual General Meeting that a dividend of CHF 0.80 per share be distributed out of the retained earnings available, to be paid in May 2019.