Sulzer - A Globally Active Engineering Corporation - Sulzer Pays a Dividend of 9 Swiss Francs per Share

Shareholders approve all board proposals at AGM – Reelection of Dr. Leonardo Vannotti and Thor Håkstad confirmed

Sulzer Pays a Dividend of 9 Swiss Francs per Share

At today’s 91st annual general meeting of Sulzer Ltd, all board proposals were approved by the shareholders, including a dividend of 9 Swiss francs per share. Chairman of the board Dr. Leonardo Vannotti and vice chairman Thor Håkstad were reelected for another three-year term. Dr. Leonardo Vannotti emphasized the good operating performance of the core divisions, which recorded significant increases in earning power in 2004.

There were 770 shareholders which participated at the 91^st annual general meeting, representing 40.9% of the share capital. All items on the agenda were approved in accordance with the proposals of the board.

Annual report, annual accounts, consolidated financial statements for 2004 and appropriation of net profit were approved by the shareholders. The dividend payment will be 9 Swiss francs per share, which is 50% over the prior year.

Dr. Leonardo Vannotti and Thor Håkstad, standing to the reelection, were confirmed for an office period by three years.

«The order intake figures for the first quarter in 2005, published today, are the evidence of an unbroken dynamic of the corporation. Sulzer is well prepared for the future.», Dr. Leonardo E. Vannotti, chairman of the board, pointed out in his speech.

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