Sunrise Communications Group SA announced that Jesper Ovesen, Member of the Board of Directors since 2014, has decided not to stand for re-election as Board Member and Chair of the Audit Committee at the next Annual General Meeting in April. None of the outgoing independent Directors (Peter Kurer, Peter Schöpfer and Jesper Ovesen) will participate in the deliberations of the Nomination and Compensation Committee and the Board of Directors with respect to the new composition of the Board of Directors. The remaining independent Directors of the Nomination and Compensation Committee will continue to serve on the Nomination and Compensation Committee with the purpose to support an independent selection process and to propose potential replacements for the three outgoing independent Directors to the 2020 Annual General Meeting.