Duration of the mandate and term of office of the auditor-in-charge
Ernst & Young AG, Berne, is elected for a period of one year.

Ernst & Young AG, Berne, has acted as the statutory and Group auditors of Schaffner Holding AG since fiscal 2002/2003.

Bernadette Koch has been the auditor-in-charge since fiscal 2009/2010. The auditor-in-charge may serve for a maximum of seven years.

Audit fees
Ernst & Young AG charged the Schaffner Group fees totaling CHF 499,000 in fiscal 2008 / 2009 for services in connection with the auditing of the annual financial statements of Schaffner Holding AG and the consolidated financial statements of the Schaffner Group.

Additional fees
In addition, Ernst & Young AG charged the Schaffner Group CHF 99,000 for other services.

Tax consulting: CHF 14,000
IT consulting: CHF 34,000
ICS support: CHF 27,000
Other: CHF 24,000

Audit supervision and control instruments
The Audit Committee reviews the performance, fees and independence of the statutory auditors every year and makes a recommendation to the Board of Directors on which external auditors should be proposed for appointment by the Annual General Meeting of Shareholders. The external statutory auditors report to the Board of Directors in a management letter prepared after year-end closing and in the reports of the Group auditors and statutory auditors. In addition, the Audit Committee makes an annual review of the scope of the external audit, audit plans and relevant processes and discusses the results of the audit with the external auditors. The Chief Executive Officer and Chief Financial Officer also attend this meeting.