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4. Loans and credits

Art. 32 (2) of the Articles of Association of Emmi AG (report.emmi.com > Download-Center > Corporate Governance > Articles of Association Emmi AG) stipulates that the members of the Board of Directors and Group Executive 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 or Group Executive Management. These limits were not utilised in the financial year.