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Group structure and shareholders

Corporate structure as of December 31, 2025

Source: Bellevue Group, as at December 31, 2025

Scope of consolidation / Operating business units

Bellevue Group AG is the only listed company within the Group. The investment companies we manage, BB Biotech AG and Bellevue Healthcare Trust plc, are independent companies listed on their respective stock exchanges. The companies consolidated by Bellevue Group are listed, together with information regarding their domicile and share capital and the interest held by the Group, in note 6 «Major subsidiaries» to the consolidated financial statements. As of December 31, 2025, the Bellevue Asset Management operating business unit represents the Group's only reportable segment. Further information on the operating business units is provided in note 1 «Segment information» to the consolidated financial statements.

Major shareholders

Based on the notifications received and published by Bellevue Group AG, the following parties hold significant voting rights:

Shareholder or beneficial owner

31.12.2025 Voting rights held

31.12.2025 Number of shares held

31.12.2024 Voting rights held

31.12.2024 Number of shares held

Martin Bisang, Küsnacht

23.91%

3 218 400

23.91%

3 218 400

Hansjörg Wyss, Cambridge MA (USA)

9.66%

1 300 000

9.66%

1 300 000

Jürg und Manuela Schäppi, Rapperswil-Jona

9.18%

1 235 299

9.18%

1 235 299

Disclosure notifications are retrievable from the SIX Swiss Exchange website at: https://www.ser-ag.com/en/resources/notifications-market-participants/significant-shareholders.html#/

Cross-shareholdings

There are no cross-shareholdings between Bellevue Group AG or its subsidiaries and other corporations.