Shareholdings of the Board of Directors and Group Management Board

Since the Board fees for 2015 were paid in cash only, none of the members of the Board of Directors held shares in Sunrise Communications Group AG as of December 31, 2015. The members of the Board of Directors do not participate in any Long-Term Investment Programs or Employee Share Purchase Programs.

As of December 31, 2015, the members of the Group Management Board held the shares listed in the following table, all of which were acquired under the Long-Term Investment Programs or the Employee Share Purchase Program issued by Sunrise Communications Group AG at the time of the IPO. Investment shares acquired under the Long-Term Investment Programs have a blocking period of three years from allocation date. Shares acquired under the Employee Share Purchase Program have a blocking period of two years from the allocation date.

2015 Number of shares directly held

Voncina Libor

Number of shares directly held37,584
Krause André Number of shares directly held22,576
Prange Sebastian Number of shares directly held12,473
Degenhardt Timm Number of shares directly held

12,000

Grasser Elmar Number of shares directly held9,299
Nunziata Massimiliano Number of shares directly held6,529
Naef Markus Number of shares directly held6,504
  Number of shares directly held 
Total Number of shares directly held106,965

Under the Management Equity Program (pre-IPO Man­agement Equity Program, MEP) created in 2011 by the shareholders of Sunrise Communications AG, certain members of the Group Management Board of Sunrise Communications Group AG had the opportunity to privately invest in Sunrise Communications AG indirectly by acquiring shares in New Dawn MEP Issuer Co S.A. (a shareholder of SunriseCommunications Group AG).

Upon completion of the IPO, the holdings of New Dawn MEP Issuer Co S.A. were restructured in such a way that after a partial unwind of the pre-IPO Management Equity Program the remaining shares in New Dawn MEP Issuer Co S.A. represent an indirect economic interest in Sunrise Communications Group AG. 50% of this indirect economic interest may be sold to the issuer of the MEP (at no cost toSunrise Communications Group AG) one year after the completion of the IPO, and the remaining 50% may be sold two years after the completion of the IPO. The indirect economic interests held through the MEP Company will remain subject to good leaver, bad leaver and defaulter provisions until expiration of the transfer restrictions.

As of December 31, 2015, the members of the Group Management Board held an indirect economic interest in Sunrise Communications Group AG through their shares in New Dawn MEP Issuer Co S.A. corresponding to the shares listed in the following table.

2015 Number of shares equivalent to indirect economic interest held in MEP
Voncina Libor Number of shares equivalent to indirect economic interest held in MEP123,446
Krause André Number of shares equivalent to indirect economic interest held in MEP73,618
Degenhardt Timm Number of shares equivalent to indirect economic interest held in MEP

44,889

Prange Sebastian Number of shares equivalent to indirect economic interest held in MEP44,889
Grasser Elmar Number of shares equivalent to indirect economic interest held in MEP28,056
Nunziata Massimiliano Number of shares equivalent to indirect economic interest held in MEP13,702
  Number of shares equivalent to indirect economic interest held in MEP 
Total Number of shares equivalent to indirect economic interest held in MEP328,600