ANNUAL GENERAL MEETING 2016 OF KUDELSKI SA

Cheseaux, Switzerland - March 22, 2016 - The Annual General Meeting of Kudelski SA (SIX:KUD.S) was held today at the company's headquarters in Cheseaux-sur-Lausanne. All proposals of the Board of Directors were voted with strong majorities. 137 shareholders attended the Meeting or were represented corresponding to 67'929'027 shares out of a total of 95'909'960 shares.

The shareholders approved the annual report, Kudelski SA's financial statements and the Group's 2015 consolidated accounts and profit allocation. They also approved the reports of the Group auditors, as well as the discharge of the Board of Directors and the Executive Board for 2015.

Mrs. Marguerite Kudelski and Messrs. Laurent Dassault, Joseph Deiss, Patrick Foetisch, André Kudelski, Pierre Lescure, Alec Ross, Claude Smadja and Alexandre Zeller were re-elected as members of the Board for a one-year term. Mr. André Kudelski was also re-elected as Chairman of the Board of Directors.

The shareholders re-elected Messrs. Patrick Foetisch, Claude Smadja, Pierre Lescure, Alexandre Zeller and Joseph Deiss as members of the Remuneration and Nomination Committee.

PricewaterhouseCoopers SA in Lausanne (Pully) was re-elected as the Group's audit firm for a one-year period. Mr. Jean-Marc Emery, notary in Morges, was re-elected as an independent representative for a one-year period.

The shareholders approved the reduction of Kudelski SA share capital by decreasing the nominal value of CHF 2.00 per bearer share (from CHF 10.00 to CHF 8.00) and of CHF 0.20 per registered share (from CHF 1.00 to CHF 0.80). The results of the decrease of nominal value of Kudelski SA share capital is used for reimbursement of CHF 0.35 for bearer shares and of CHF 0.035 for registered shares. The balance is allocated to the reserve derived from capital contribution.

Note
The 2015 Annual Report PDF file is available on: http://www.nagra.com/investors/publications.