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Press release

Swisscom raises dividends to CHF 17 a share

Zurich, 24 April 2007

On 24 April 2007, Swisscom's General Meeting of Shareholders in Zurich approved a proposal to increase dividends by CHF 1 to CHF 17 a share. The President of Swisscom's Board of Directors, Anton Scherrer, expects the company to fare well in its bid to take over the Italian company, Fastweb. However, the company aims to retain its focus on the domestic market where Swisscom will continue to keep investment rates high. The maximum period of office for the Board of Directors was increased from eight to twelve years to improve flexibility in appointments to the Board.

The ninth Swisscom General Meeting of Shareholders in Zurich was attended by 1,490 shareholders, representing 59.23% of the voting shares. At the end of March 2007 the total number of registered shareholders amounted to approximately 48,000.


2006 was a year of great changes - plans for expansion into Italy

The President of the Board of Directors, Anton Scherrer, described 2006 as a year of great changes: "We were able to set a strong course within Group management. The newly formed management team has totally revised the Swisscom Group's strategy and focused the organisation much more on customers' needs."

The period for bids to take over Fastweb is now open. And as Anton Scherrer comments: "We want to expand into the Italian broadband market. We believe we've got good prospects but it's not in the bag yet as the offer period doesn't close until 15 May 2007. By taking over Fastweb, we are sending out a clear signal that we intend to grow and increase the value of our company. We believe that Fastweb fits into our strategy perfectly, that both companies complement one another and that the takeover will open up huge scope for the future."

However, Anton Scherrer also stressed the company's continued focus on the domestic market: "Our activities are focussed on the Swiss market and they will continue to be in the future. Even after any acquisition, we will still have enough financial leeway to counter challenges in our key market of Switzerland. This includes safeguarding the nationwide basic supply and large-scale expansion of the broadband networks."


Increased dividends - re-election of five members to the Board of Directors

Shareholders approved the 2006 annual report, financial statements and consolidated financial statements as well as the dividend of CHF 17 per share (CHF 11.05 net, after deduction of withholding tax) recommended by the Board of Directors. The net dividend sum, free from expenses, will be distributed to shareholders on 27 April 2007.

The General Meeting granted discharge to the members of the Board of Directors and the Executive Board for the 2006 financial year. KPMG Klynveld Peat Marwick Goerdeler SA were elected for a further year as the statutory auditors and Group auditors.

The meeting also approved increasing the maximum period in office for the Board of Directors from eight to twelve years. This gives the General Meeting of Shareholders more flexibility in forming the Board of Directors. Provided that it is within the interests of the company, the meeting will be able to allow such members to spend longer periods representing them on the Board and therefore improve management continuity. The limitation restricting Board members to 70 years of age remains unchanged.

The meeting also approved the re-election of five Board of Directors members, each for a two-year period in office: Fides P. Baldesberger, Michel Gobet, Torsten G. Kreindl, Richard Roy and Othmar Vock.


Swisscom Annual Report on Form 20-F for 2006

Swisscom's annual report for fiscal year 2006 on Form 20-F has been filed with the U.S. Securities and Exchange Commission and is now also available on Swisscom's website at Detailed Financial Reports.

Hard copies of the annual report on Form 20-F (including Swisscom's complete audited financial statements) can be obtained from Swisscom free of charge by writing to Swisscom AG, Finance / Investor Relations, P.O. Box, CH-3050 Bern, Switzerland or by sending an e-mail request to:

Photos and brief biographies of Swisscom board members:


Swisscom AG
Media Relations
3050 Bern