2010-03-26 Financial results 2009 approved

As pre-announced in the press release dated February 10, EUROFIMA annual meeting of the shareholders today approved the 2009 financial results and the related annual report.

As part of a set of measures to strengthen the organization liquidity and capitalization ratios, the annual meeting of the shareholders decided the following:

• To reduce the maximum leverage limit (outstanding borrowings / (equity + callable capital)) from 15 to 12.5;
• To allocate a higher portion of the annual surplus to the reserves and the fund for general risks. As a result, the dotation increased from CHF 52.7 million in 2009 to CHF 57.8 million.

Further liquidity and capitalization measures are to follow during 2010.

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