Ordinance
of the Swiss Financial Market Supervisory Authority on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading
(FINMA Financial Market Infrastructure Ordinance, FinMIO-FINMA)

(Art. 123 para. 1 Fin­MIA)

¹ From the pub­lic­a­tion of the pre-an­nounce­ment or of the pro­spect­us (of­fer pro­spect­us) of the takeover of­fer un­til the end of the ex­ten­sion peri­od, the fol­low­ing per­sons are sub­ject ex­clus­ively to the no­ti­fic­a­tion du­ties of the Takeover Board based on Art­icle 134 para­graph 5 Fin­MIA:

a.

the of­fer­or³⁰;

b.

per­sons act­ing in con­cert or as an or­gan­ised group with the of­fer­or;

c.

per­sons un­der Art­icle 134 para­graph 1 Fin­MIA hold­ing at least 3% of the vot­ing rights dir­ectly, in­dir­ectly or in con­cert with third parties, wheth­er ex­er­cis­able or not, in the tar­get com­pany or, if ap­plic­able, in an­oth­er com­pany whose equity se­cur­it­ies are be­ing offered in ex­change;

d.

per­sons des­ig­nated by the Takeover Board in ac­cord­ance with Art­icle 134 para­graph 3 Fin­MIA.

² Cases re­quir­ing no­ti­fic­a­tion which oc­cur dur­ing the takeover pro­ceed­ings must be re­por­ted in ac­cord­ance with the pro­vi­sions of this Or­din­ance after ex­piry of the ex­ten­sion peri­od.

³ Para­graphs 1 and 2 do not ap­ply to the buy-back of pro­pri­et­ary equity se­cur­it­ies.