Share buyback program 2024/2025

ABB has completed its share buyback program that was launched in April 2024. Through this buyback program, ABB repurchased a total of 16,715,684 shares – equivalent to 0.89 percent of its issued share capital at launch of the buyback program – for a total amount of approximately $0.9 billion.

The Board of Directors intends to use the capital band authorized at the ABB 2023 Annual General Meeting to cancel all shares repurchased under the 2024 share buyback program.

As announced on January 30, 2025, and consistent with ABB’s capital allocation principles, the Board of Directors approved a new share buyback program for capital reduction purposes of up to $1.5 billion. The new program is expected to be launched in early February 2025. It will be executed on a second trading line on the SIX Swiss Exchange and is planned to run until January 28, 2026.

ABB intends to use the capital band also for the cancellation of the shares repurchased under this new program.

In addition, ABB intends to purchase up to 7 million shares until January 28, 2026, mainly for use in connection with its employee share plans. The purchases will be made at the market price on the ordinary trading line on the SIX Swiss Exchange.

ABB currently owns approximately 24 million treasury shares, including 16.7 million shares repurchased for cancellation purposes.

Official notices in German, French and English

The program is executed on a second trading line on the SIX Swiss Exchange

Repurchases of ABB shares for capital reduction purposes are carried out on a second trading line on the SIX Swiss Exchange. Only ABB through its mandated bank can purchase shares on this second trading line (see official notices). The repurchase prices and trading prices of ABB shares on the second trading line are based on the trading prices of ABB shares on the ordinary trading line.

A shareholder wishing to sell ABB shares may do so either on the ordinary trading line or on the second trading line. ABB shares sold on the second trading line are subject to Swiss federal withholding tax at a rate of 35 percent on the difference between the repurchase price of the ABB share and its nominal value of CHF 0.12. This tax will be deducted from the repurchase price. Shareholders domiciled in Switzerland are entitled to a reimbursement of the withholding tax provided they are beneficial owners of the shares at the time those are surrendered and provided they do not avoid taxes (art. 21 of the Withholding Tax Law). Shareholders domiciled outside Switzerland may reclaim the withholding tax in accordance with any applicable double taxation treaties.*

ABB's share buybacks transaction reporting

Maximum daily repurchase volume in accordance with applicable regulations

692,486 shares

*Tax disclaimer: All investors must seek their own specific tax advice, and nothing herein is intended or should be considered as tax advice.