Landis plus Gyr Energy Efficiency Solutions Instructions

Landis plus Gyr Energy Efficiency Solutions

Product Information

Specifications

• Product: Landis+Gyr Group AG Annual General Meeting
• Date: Tuesday, June 25, 2024
• Time: 2 p.m. CET (doors open at 1:15 p.m. CET)
• Location: Gemeindesaal Steinhausen, Bahnhofstrasse 5, 6312 Steinhausen, Switzerland

Product Usage Instructions

Event Details
The Landis+Gyr Group AG Annual General Meeting for the Financial Year 2023 is scheduled for Tuesday, June 25, 2024, at Gemeindesaal Steinhausen, Switzerland. The doors open at 1:15 p.m. CET, and the
meeting starts at 2 p.m. CET.

Letter to Shareholders
The letter to shareholders highlights the company’s strategic
vision focused on innovation, energy efficiency solutions, customer service, trust, and partnership. Shareholders are encouraged to embrace change and innovation in the energy management sector.

Financial Results
The financial results for the year 2023 showcase the company’s performance, including order intake, revenue growth, profitability, and dividend policy. Shareholders can expect a detailed presentation of these results during the AGM.

FAQ

• Q: What should I bring to the Annual General Meeting?
  A: Please bring your shareholder identification or any relevant documentation provided by Landis+Gyr Group AG for entry to the meeting.

• Q: Can I participate in the AGM remotely?
  A: Remote participation options may be available; please contact Landis+Gyr Group AG for more information on virtual attendance or voting.

• Q: How can I ask questions during the AGM?
  A: Shareholders can typically ask questions during designated Q&A sessions or submit queries in advance through specified communication channels provided by Landis+Gyr Group AG.

Invitation
to the Annual General Meeting of Landis+Gyr Group AG
Tuesday, June 25, 2024

Invitation

To the Annual General Meeting (AGM) of Landis+Gyr Group AG For the Financial Year 2023

On Tuesday, June 25, 2024, at 2 p.m. CET (doors open at 1:15 p.m. CET)

At Gemeindesaal Steinhausen, Bahnhofstrasse 5, 6312 Steinhausen, Switzerland

Letter to Shareholders

Dear Landis+Gyr Shareholders,
In the financial year 2023, we continued to see a rising demand for our energy efficiency solutions. With an ever increasing adoption of renewable energy sources, and especially due to the vast global efforts for electrification to drive the decarbonization of the grid, our end-to-end solutions portfolio continues to position us as a leader in the market.

To orchestrate the increasingly more volatile generation of energy and the rapidly increasing demand, our flexibility management solutions offering deliver efficiencies and emission avoidance as well as state-of-the-art cybersecurity for critical infrastructure and, ultimately, a resilient grid. As a result, the demand for our energy efficiency solutions continues to thrive which is reflected in our record backlog of nearly USD 3.8 billion.

The recent developments validate our strategic vision, which continues to be driven by innovation delivering energy efficiency solutions and unrivaled customer service, built on trust, partnership, and delivering on our commitments. Offering innovative solutions is key to embracing change in an ever-evolving environment, which is why Landis+Gyr has continued to reinvent itself, providing leading technology to our customers, stability to our employees and sustainable returns to our shareholders.

Innovating the Future of Energy
Motivated by our customer’s success, we continue to follow our vision for the future of energy management and pride ourselves on offering the most comprehensive portfolio of solutions in the industry.

We are pleased to report strong results for FY 2023, delivering above our guided ranges for the full year and demonstrating our ability to deliver continued strong growth and margin expansion. The return to largely normalized market conditions and a strong focus on backlog execution drove growth and allowed us to serve customer demand even better throughout the year. Continued strong order intake and a new record backlog show the trust our customers have in our solutions and underpin the resilient nature of our Company.

While the rapid push for electrification increases the demand for energy efficiency and grid resilience solutions, our strategic transformation provides a solid foundation for sustained profitable growth and positions us in the sweet spot of the energy transition as we enable our customers to manage energy better and drive the decarbonization of the grid. Additionally, we are excited about new strategic investments and partnerships with SPAN and Brusa, which will allow us to further strengthen our portfolio to equip our customers with integrated end-to-end Flexibility Manage-ment solutions.

In a rapidly changing industry landscape, we have taken extensive steps to equip our teams with the skills required to solidify and strengthen our leading position around the globe. Partnering closely with our customers, together, we are moving from AMI 2.0 towards true ecosystem solutions to deliver grid resilience through future-proof innovation.

When it comes to tackling foundational aspects like the affordability of energy for customers and the reliability of the grid that distributes energy to customers, we have partnered with utilities for more than a century to solve these challenges and will continue to partner with them in the future to address new trends and needs. Today, utilities are faced with a new energy supply and demand equation due to consumer engagement expectations at unprecedented levels, the energy transition toward more renewable and distributed generation and huge demand due to transportation electrification, investments in grid modernization with regulatory and government support and increased need for data and digital technologies to manage these developments.

As the grid becomes more intelligent at a rapid pace, we need to deliver solutions that provide actionable insights through effective data analytics. The challenge for utilities lies in leveraging new digital solutions to secure, process and manage this data and extract true value from it. We are proud to provide integrated end-to-end solutions to address these challenges and provide an offer-ing that exceeds our historical core competencies and current portfolio of AMI (advanced metering infrastructure), Distribution Automation, Meter Data Management, EV (electric vehicle), and Load Management, which positions us well to partner with our utility customers to optimize their grid operations as DER (distributed energy resources) integrations happen at scale.

Our leading Cloud-based SaaS (Software as a Service) delivery models also put us in a strong position to grow and provide tangible benefits to our customers and end consumers, including real-time data analytics, industry-leading cybersecurity features and capabilities that allow utili-ties to run their grid infrastructure in the most efficient way and decarbonize the grid. Innovation being ingrained in our DNA, we have made significant investments to transform our portfolio to a fully integrated “Edge to Cloud” ecosystem that provides flexibility and choice to our customers from intelligent devices they want to manage at the edge, through various connectivity options based on the market needs, integrated into digital solutions enabled by the best-in-class Google Cloud platform.

As a result, we have expanded into higher growth adjacencies, which strengthen our competitiveness and allow us to grow our higher value software and services business. Integrating EV solutions into the ecosystem and applying powerful AI (artificial intelligence) and ML (machine learning) analytics to the vast amounts of data our large installed base of intelligent connected devices generates empowers not only utilities around the globe to drive energy efficiency, but also end consumers as part of our Smart Infrastructure offering. Now, we are bringing all of these solutions together, offering an end-to-end solutions portfolio to support customers with leading innovation as a trusted partner, ready to solve any challenge together for a greener tomorrow.

A pioneer in energy efficiency solutions with a successful track record that spans more than 128 years, Landis+Gyr continues to reinvent itself and comes in at the top of the leaderboard. The Company is highly recognized in all the countries it serves and has been offering leading technologies across the globe for energy, gas and water utilities for more than a century. Leveraging the newest technologies, we remain a true innovator. Consequently, Landis+Gyr will continue to build a profitable, successful business, partnering with our customers and providing attractive returns for our shareholders – by managing energy better – together.

Investments in Strategic Partners and Acquisition
Recently, we made two minority investments in strategic partners in Brusa Elektronik and SPAN.io. With these investments, Landis+Gyr is expanding its end-to-end solution offering to enable grid resilience and further support electrification and decarbonization efforts. Brusa Elektronik is a leading provider of power electronics and the combined offering of the two companies will include inductive and DC charging solutions. SPAN.io is a leading provider of smart panel technology and together the two companies will provide a multi-asset virtual power plant, solving electrification and demand flexibility through a grid edge platform solution. In October 2023, we acquired Thun-dergrid with the strategic aim of accelerating the expansion of our Electric Vehicle (EV) solutions business into Australia and New Zealand.

Financial Year 2023 Results
As a leading provider of energy efficiency solutions, we are very pleased with our order intake of almost USD 2.0 billion in FY 2023 and our record backlog of close to USD 3.8 billion, which highlights the trust our customers have in our long-standing partnerships and technological leadership.

The results of the 2023 financial year reflect the steady recovery of the supply chain situation. Our net revenue rose by 15.6% in constant currency to a new record of USD 1,963.0 million. The strong net revenue growth was driven by component availability improvement and catch-up on pent-up demand of approximately USD 120 million. Growth was led by our Americas region, which increased net revenue by 27.4% to USD 1,131.3 million, breaking the USD 1 billion mark for the first time.

Profitability measured as Adjusted EBITDA increased strongly by 60.0% in FY 2023 to USD 223.9 million and the Adjusted EBITDA margin surged 310 basis points to 11.4%. The strong increase in Adjusted EBITDA was mainly attributable to significantly higher volume resulting in operating leverage com-bined with operational efficiencies and steady recovery of supply chain cost and partially offset by higher adjusted operating expenses.

Also, Free Cash Flow (excl. M&A) recovered strongly to USD  91.1  million, an improvement of USD 113.1 million when compared to the negative the Free Cash Flow of USD (22.0) million in FY 2022, which was impacted by strategic investments in inventory. Our balance sheet remains strong with low net debt of USD 131.3 million and a ratio of net debt to Adjusted EBITDA of 0.59.
Net income attributable to Landis+Gyr Group shareholders for FY 2023 was USD 110.0 million and earnings per share (diluted EPS) amounted to USD 3.78. When excluding the one-off gain in FY 2022 from the divestment of the minority stake in Intellihub, like-for-like EPS for FY 2023 increased by 112.4%.

In line with our progressive dividend policy, the Board of Directors is proposing a distribution of CHF 2.25 per share to the Annual General Meeting in June 2024. The proposal represents an increase of 5 cents compared to last year’s distribution and will be paid out entirely from statutory capital reserves.

Outlook for Financial Year 2024
After the strong topline growth in FY 2023, we expect a normalization with low single-digit net revenue growth in FY 2024. With further recovery of supply chain costs anticipated and operational efficiency measures having been taken, we expect the Adjusted EBITDA margin to be between 11% and 13% of net revenue. We will continue to actively manage operating working capital with a strong focus on cash conversion.

Our mid-term targets through FY 2025, with net revenue growth of mid to high single-digit CAGR relative to FY 2021, and an Adjusted EBITDA margin between 12% and 14% of net revenue and a strong focus on cash conversion, remain unchanged. When it comes to distributions to shareholders, we will continue with our progressive dividend policy approach.
Decarbonizing the Grid
With leading energy efficiency solutions, Landis+Gyr is enabling the energy transition and actively contributing to global sustainable development, not just through technologies empowering utilities and consumers, but also by actively driving green initiatives in our own operations. Ingrained in the Company’s DNA, sustainability is a key driver and motivator for our employees, manifested in 20% of short-term incentives for all bonus-eligible employees being tied to ESG targets.

In addition, we are proud that the Science Based Targets initiative (SBTi) has assessed our near- and long-term emission reduction targets against their rigorous criteria and has approved these targets in FY 2023. As a Company committed to decarbonizing the grid, our targets are in line with the most ambitious pathway (1.5°C), as defined by the Paris Climate Accord. We have committed to reaching net-zero greenhouse gas emissions across the value chain by 2050, reducing Scope 1 and 2 greenhouse gas (GHG) emissions by 42% until 2030 (versus 2021 as the base year) and reducing Scope 3 emissions by 42% until 2030. As a leader in the decarbonization efforts, we are in the first group of companies to receive approval for net-zero targets. In addition, in FY 2023, we were able to help

avoid more than 8.9 million tons of CO2 through our large installed smart metering base and strive to further increase our positive impact on the environment through consistently high investments in innovative technologies and solutions.

Further, in line with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) framework, we have considered two Intergovernmental Panel on Climate Change (IPCC) scenarios to assess the climate resilience of our strategy and, as a result, we are pleased to report that we are ahead of the Swiss legal requirements by a full year.

Passion and Commitment
Our teams around the world continue to drive leading-edge innovation, the strategic transformation of our portfolio and the expansion of our offering in integrated energy management solutions. Therefore, we would like to thank our 6,900 employees around the globe for their continued dedi-cation, passion and entrepreneurial spirit to solidify our leading position and ensure continuous leading-edge innovation, customer satisfaction and speed to market.

Our customers’ ambitious goals to serve communities around the globe with safe and reliable energy and to decarbonize the grid inspire us every day and we would like to thank our customers and partners for their continued trust and partnership.

Motivated by our record backlog and a continued strong pipeline, we are excited about our transformational journey and continue to focus on offering leading, integrated end-to-end solutions to our customers, expanding our strong partnerships, driving profitable growth and delivering sustainable value to our shareholders.

On behalf of all of us at Landis+Gyr, we thank you, our shareholders, for your continued support of and ownership in Landis+Gyr and for joining us in driving our mission to manage energy better – together.

Yours sincerely,

Agenda

(English translation of the binding German original)

Reporting on the 2023 Business Year

Annual Report and Financial Statements
The Board of Directors proposes that the Annual General Meeting approve the 2023 Annual Report, the 2023 Financial Statements and the Consolidated Financial Statements and confirm receipt of the audit reports.

Sustainability Report
The Board of Directors proposes that the Annual General Meeting approve the 2023 Sustainability Report.

Based on the revised Swiss Corporate Law (Art. 964c para. 1 CO) and in line with Landis+Gyr’s Articles of Association (Art. 6 number 8), the Board of Directors submits, for the first time, a report on non-financial matters (Sustainability Report) to the Annual General Meeting for vote. The 2023 Sustainability Report has been established in accordance with the new requirements under Swiss Corporate Law (Art. 964b CO). It has received independent limited assurance from DQS.
The 2023 Sustainability Report is part of the 2023 Annual Report and can be found on the Company’s website at: www.landisgyr.com/investors

1.3 2023 Remuneration Report (Consultative Vote)
The Board of Directors proposes that the Annual General Meeting approve the 2023 Remuneration Report.

The Remuneration Report provides a comprehensive overview of Landis+Gyr’s remuneration governance and principles, structure and elements. The Remuneration Report also includes infor-mation on the remuneration awarded to members of the Board of Directors and Group Executive Management for the financial year ended March 31, 2024.
The 2023 Remuneration Report is part of the 2023 Annual Report and can be found on the Company’s website at: www.landisgyr.com/investors.

 Appropriation of Results

Appropriation of Accumulated Deficit
The Board of Directors proposes that the Annual General Meeting approve the accumulated deficit of CHF (220,966,563) comprising the accumulated deficit of CHF (203,070,069) carried forward from the previous year and the loss for the financial year 2023 of CHF (17,896,494) be carried forward to new account.

Distribution from Statutory Capital Reserves

The Board of Directors proposes the distribution of CHF 2.25 per registered share payable from statutory capital reserves in the form of a cash distribution. Provided that the proposal of the Board of Directors is approved, the distribution out of statutory capital reserves will be made from July 1, 2024. The distribution will be free of Swiss federal withholding tax. The last trading day with entitlement to receive the distribution is June 26, 2024. The shares will be traded ex-dividend as of June 27, 2024.

1. Treasury shares held by Landis+Gyr Group AG or Landis+Gyr AG at the record date will not receive a distribution. Accordingly, the total amount distributed will be lower.
2. Depending on the total distribution.

Discharge of the Members of the Board of Directors and of the Group

Executive Management

The Board of Directors proposes that the Annual General Meeting grant discharge to all members of the Board of Directors and Group Executive Management for their activities in the financial year 2023.

Remuneration

Maximum Aggregate Remuneration for the Board of Directors for the 2024/25 Term of Office (Binding Vote)
The Board of Directors proposes that the Annual General Meeting approve a maximum aggregate amount of CHF 1,800,000 as remuneration for the Board of Directors for the 2024/25 term of office. It assumes that all proposed members of the Board of Directors (and its committees) will be elected by the Annual General Meeting.

Members of the Board of Directors receive remuneration for the 12-month term of office starting with their election as members at the Annual General Meeting through the next Annual General Meeting.
To ensure their independence and objectivity, the remuneration of the Board of Directors is fixed and does not contain any variable component (as illustrated in Exhibit 1). Additional information on the remuneration system for the Board of Directors can be found in the 2023 Remuneration Report.

The maximum aggregate remuneration available to be granted to the members of the Board of Directors, as proposed for the term of office 2024/25, includes estimates for social security contributions and is based on eight members standing for election. As mentioned in the Remuneration Report, there are no changes to remuneration structure and fee levels planned. Exhibit 2 illustrates the amount of remuneration approved and granted for the 2023/24 term of office. The amount approved at the 2023 AGM was based on eight members standing for election. Peter

Bason, the representative of KIRKBI, a major shareholder of Landis+Gyr, subsequently waived all remuneration for his Board duties for the 2023/24 term of office. The amount granted represents an estimate and the final amount will be disclosed in the Remuneration Report for the financial year 2024.
Further details on remuneration awarded to the members of the Board of Directors can be found in the 2023 Remuneration Report.

EXHIBIT 1: REMUNERATION SYSTEM FOR THE MEMBERS OF THE BOARD OF DIRECTORS

EXHIBIT 2: REMUNERATION APPROVED AND GRANTED FOR THE MEMBERS OF THE BOARD OF DIRECTORS
(IN MILLION CHF)

Maximum Aggregate Remuneration for the Group Executive Management for the Financial Year 2025 Starting April 1, 2025, and Ending March 31, 2026 (Binding Vote)
The Board of Directors proposes that the Annual General Meeting approve an aggregate amount of CHF 8,500,000 as the maximum fixed and variable remuneration for the members of the Group Executive Management for the financial year 2025 starting April 1, 2025, and ending March 31, 2026.

As illustrated in Exhibit 3, the remuneration for members of the Group Executive Management consists of fixed remuneration, which accounts for approximately CHF 3,500,000 of the requested aggregate amount and comprises base salary, pension, social security and other benefits, as well as variable remuneration, which accounts for approximately CHF 5,000,000 of the requested aggre-gate amount and comprises a short-term incentive plan (STIP) and a long- term incentive plan (LTIP).

The STIP is an annual cash incentive plan with payouts determined based on the achievement of financial performance targets as well as non-financial performance targets related to Landis+Gyr’s Environmental, Social and Governance (ESG) strategy. The performance targets are established by the Board of Directors at the beginning of each financial year. The payout realizable from the STIP varies between 0% and 200% of the individual target incentive amount.

The LTIP is a share-based incentive plan measured over a three-year performance period. It is granted in the form of a contingent entitlement (Performance Stock Units or PSUs), which allows par-ticipants to receive shares in Landis+Gyr Group AG, with a vesting range between 0%–200% of granted PSUs, provided certain performance targets are achieved during the 3-year performance period.

The maximum aggregate remuneration available to be granted to the members of Landis+Gyr’s Group Executive Management, as proposed for the financial year 2025, includes estimates for social security contributions, pension costs and other costs attributable to the Company and is based on the realizable maximum payout opportunity within the STIP in the event of over-achievement of all performance targets. The amounts included for the LTIP are based on the target incentive amounts at grant. The amount requested is for four members of the Group Executive Management and remains the same as the amount approved for the financial year 2024, which was also for four members of the Group Executive Management.

Exhibit 4 illustrates the amount of remuneration approved and granted for the members of the Group Executive Management for the financial year 2023. The approved amount was based on four members of the Group Executive Management. Further details on the remuneration awarded to the members of the Group Executive Management can be found in the 2023 Remuneration Report.

EXHIBIT 3: REMUNERATION ELEMENTS FOR THE MEMBERS OF THE GROUP EXECUTIVE MANAGEMENT 4: REMUNERATION APPROVED AND GRANTED FOR THE MEMBERS OF THE GROUP EXECUTIVE MANAGEMENT (IN MILLION CHF)

Fixed Remuneration

Base salary
Reflects the scope of the role and the experience and skills required to perform the role

Benefits
Risk protection/ security and other benefits as per local market practice

Variable Remuneration

Short-Term Incentive
Plan (STIP)
Annual cash incentive plan based on achievement of performance targets as determined for each financial year

Long-Term
Incentive Plan (LTIP) Three-year sharebased incentive plan fostering long-term value creation

EXHIBIT 4: REMUNERATION APPROVED AND GRANTED FOR THE MEMBERS OF
THE GROUP EXECUTIVE MANAGEMENT (IN MILLION CHF

Elections

All current members of the Board of Directors are standing for re-election at this year’s Annual General Meeting and have, before this year’s Annual General Meeting, declared acceptance of their re-elections as members of the Board of Directors, Chair and Committee members, respectively.

Re-Election of Members of the Board of Directors
The Board of Directors proposes that the Annual General Meeting re-elect the following persons individually as members of the Board of Directors for a one- year term of office until the conclusion of the next Annual General Meeting:

Andreas Umbach
Swiss and German citizen; born 1963; Chair since 2017; not independent as per the Group’s standards due to his former role as CEO of Landis+Gyr until 2017

Eric Elzvik
Swiss and Swedish citizen; born 1960; Lead Independent Director since 2017; independent as per the Group’s standards

Peter Bason
Danish and US citizen; born 1974; Board member since 2023; not independent as per the Group’s standards since he represents the Group’s major shareholder KIRKBI

Peter Mainz
Austrian citizen; born 1964; Board member since 2018; independent as per the Group’s standards

Andreas Spreiter
Swiss and British citizen; born 1968; Board member since 2017; independent as per the Group’s standards

Christina Stercken
German citizen; born 1958; Board member since 2017; independent as per the Group’s standards

Laureen Tolson
US citizen; born 1960; Board member since 2021; independent as per the Group’s standards

Audrey Zibelman
US citizen; born 1957; Board member since 2023; independent as per the Group’s standards
Information on the professional background of the members of the Board of Directors can be found in the 2023 Corporate Governance Report at: www.landisgyr.com/investors.

Re-Election of the Chair of the Board of Directors
The Board of Directors proposes that the Annual General Meeting re-elect Andreas Umbach as Chair of the Board of Directors for a one-year term of office until the conclusion of the next Annual General Meeting, subject to his re-election as a member of the Board of Directors.

Re-Election of the Members of the Remuneration Committee
The Board of Directors proposes that the Annual General Meeting re-elect the following persons individually as members of the Remuneration Committee for a one-year term of office until the conclusion of the next Annual General Meeting, subject to their re-election as members of the Board of Directors:

Eric Elzvik
Current Chair of the Remuneration Committee

Peter Mainz
Current member of the Remuneration Committee

Laureen Tolson
Current member of the Remuneration Committee

Re-Election of the Statutory Auditors
The Board of Directors proposes that the Annual General Meeting re-elect PricewaterhouseCoopers AG, Zug, as Statutory Auditors for the financial year 2024.

Re-Election of the Independent Proxy
The Board of Directors proposes that the Annual General Meeting re-elected the law firm ADROIT Attorneys, Kalchbühlstrasse 4, 8038 Zurich, as independent proxy for a term of office ending with the conclusion of the next Annual General Meeting.

Organization

Admission and Voting Cards
Shareholders entered in the share register with the right to vote on June 14, 2024, are entitled to participate in the Annual General Meeting. From June 15, 2024, to June 25, 2024, no entries will be made in the share register which would create a right to vote at the Annual General Meeting. Shareholders who sell part or all of their shares before the Annual General Meeting are not entitled to vote to that extent.

You have until June 22, 2024, to register in writing or electronically for the Annual General Meeting. You can find related guidance on the enclosed registration form. From June 17, 2024, the admission and voting cards will be sent by post to the shareholders who have registered for the Annual General Meeting. Shareholders who have not received their admission card and the voting materials are kindly asked to show their reply card at the information desk on the day of the Annual General Meeting where they may collect the admission card and the voting materials.

In order to ensure that attendance is recorded correctly, any shareholder leaving the Annual General Meeting early or temporarily is requested to present the unused voting materials and admission card at the exit.

2023 Annual Report
The 2023 Annual Report (including the Remuneration Report) and the reports of the auditors are available for review at the Company’s headquarters in Cham (Switzerland). As part of the Company’s sustainability efforts, the decision has been made to not print the Annual Report. The 2023 Annual Report can be accessed on the website: www.landisgyr.com/investors. A printout of these documents will be sent to shareholders at their request.

Proxies/Representation
You may be represented at the Annual General Meeting on June 25, 2024, by the Independent Proxy or a third party that you are free to designate. Last year’s Annual General Meeting elected the law firm ADROIT Attorneys, Zurich, as the independent proxy. If you wish to appoint ADROIT Attorneys or designate a third party as your representative, kindly follow the instructions on the enclosed proxy form and return it by mail to the following address no later than June 23, 2024 (date of receipt): Devigus Shareholder Services, Birkenstrasse 47, 6343 Rotkreuz, Switzerland.

E-voting
Voting instructions for the independent proxy, orders for admission cards and changes of address can also be submitted online. For online registration, please visit the website
www.gvmanager-live.ch/landisgyr. The required access code is enclosed with the meeting materials (registration/proxy form) supplied to shareholders. The e-voting portal will be open until June 23, 2024.

Queries
If you have any queries about the Annual General Meeting, please contact Landis+Gyr Investor Relations (+41 41 935 63 31 / ir@landisgyr.com) or the share register Devigus Shareholder Services (+41 41 798 48 33 / landisgyr@devigus.com).

Reception
After the Annual General Meeting, all participants are cordially invited to attend a reception at the Gemeindesaal Steinhausen.

Directions to Gemeindesaal Steinhausen

You can reach the Gemeindesaal Steinhausen by taking bus number 636 (toward “Baar Bahnhof”) from Station Steinhausen to the stop at “Steinhausen Zentrum”. From Station Zug, take bus number 606 (toward “Cham Bahnhof”) to the stop at “Steinhausen Zentrum”. There is a carpark (Gemeinde-saal) also available on site, subject to payment of a charge.

• Cham, May 30, 2024
• Landis+Gyr Group AG
• On behalf of the Board of Directors

Forward-Looking Information
This AGM invitation includes forward-looking information and statements including statements concerning the outlook for our businesses. These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, including global economic conditions and the economic conditions of the regions and industries that are major markets for Landis+Gyr Group AG. These expectations, estimates and projections are among others identifiable by statements containing words such as “expects”, “believes”, “estimates”, “targets”, “plans”, “outlook”, “guidance” or similar expressions and formulations.

There are numerous risks, uncertainties and other factors, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this document and which could affect our ability to achieve our stated targets.

The important factors that could cause such differences include, among others: possible effects of pandemics, global shortage of energy or supplied components as well as increased freight rates, business risks associ-ated with the volatile global economic environment and political conditions, including wars or military actions; costs associated with compliance activities; market acceptance of new products and services; changes in governmental regulations and currency exchange rates; estimates of future warranty claims and expenses and sufficiency of accruals; and other such factors as may be discussed from time to time in Landis+Gyr Group AG filings with the SIX Swiss Exchange.

Although Landis+Gyr Group AG believes that its expectations reflected in any such forward-looking statement are based on reasonable assumptions, it can give no assur-ance that those expectations will be achieved.

Landis+Gyr Group AG Alte Steinhauserstrasse 18 6330 Cham
Switzerland
www.landisgyr.com

Landis+Gyr – Invitation to the Annual General Meeting 2024

References

• GVMANAGER-Live Account
• World Leaders in Smart Metering and Grid Edge Intelligence | Landis+Gyr | Manage Energy Better
• Investor Relations - Landis+Gyr

Read User Manual Online (PDF format)

Read User Manual Online (PDF format)  >>

Download This Manual (PDF format)

Download this manual  >>