4.Loans and credits

Article 32 (2) of the Articles of Association of Emmi AG (report.emmi.com Download-Center > Corporate Governance > Articles of Association Emmi AG (in German)) stipulates that the members of the Board of Directors, Agricultural Council and Group Management may be granted advance payments up to a maximum of KCHF 1,000, in particular in the form of advances on costs for litigation connected to the activity of the person concerned as a member of the Board of Directors, Agricultural Council or Group Management. These limits were not utilised in the financial year.