Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

¹ Com­pan­ies whose shares are lis­ted on a stock ex­change must provide the fol­low­ing ad­di­tion­al in­form­a­tion in the notes to the bal­ance sheet:

1.

all re­mu­ner­a­tion dis­trib­uted dir­ectly or in­dir­ectly to cur­rent mem­bers of the board of dir­ect­ors;

2.

all re­mu­ner­a­tion dis­trib­uted dir­ectly or in­dir­ectly to per­sons en­trus­ted by the board of dir­ect­ors with all or some of the com­pany’s man­age­ment activ­it­ies (ex­ec­ut­ive board);

3.

all re­mu­ner­a­tion dis­trib­uted dir­ectly or in­dir­ectly to cur­rent mem­bers of the board of ad­visors;

4.

all re­mu­ner­a­tion dis­trib­uted dir­ectly or in­dir­ectly to former mem­bers of the board of dir­ect­ors, ex­ec­ut­ive board and board of ad­visors where such re­mu­ner­a­tion relates to past activ­it­ies as a gov­ern­ing of­ficer of the com­pany or is not cus­tom­ary mar­ket prac­tice;

5.

all re­mu­ner­a­tion dis­trib­uted dir­ectly or in­dir­ectly to close as­so­ci­ates of the per­sons spe­cified in num­bers 1–4 where such re­mu­ner­a­tion is not cus­tom­ary mar­ket prac­tice.

² In par­tic­u­lar, the fol­low­ing are deemed to be re­mu­ner­a­tion:

1.

fees, salar­ies, bo­nuses and ac­count cred­its;

2.

shares of profits paid to board mem­bers and com­mis­sions, par­ti­cip­a­tion in turnover and oth­er forms of par­ti­cip­a­tion in the busi­ness res­ults;

3.

be­ne­fits in kind;

4.

al­loc­a­tions of shares and con­ver­sion and op­tion rights;

5.

sev­er­ance pay­ments;

6.

guar­an­tee and pledge com­mit­ments in fa­vour of third parties and oth­er col­lat­er­al com­mit­ments;

7.

waivers of claims;

8.

ex­pendit­ures giv­ing rise to or in­creas­ing oc­cu­pa­tion­al be­ne­fit en­ti­tle­ments;

9.

all pay­ments and be­ne­fits for ad­di­tion­al work.

³ The fol­low­ing must also be stated in the notes to the bal­ance sheet:

1.

all loans and cred­it fa­cil­it­ies ex­ten­ded to the cur­rent mem­bers of the board of dir­ect­ors, ex­ec­ut­ive board and board of ad­visors that are still out­stand­ing;

2.

loans and cred­it fa­cil­it­ies to former mem­bers of the board of dir­ect­ors, ex­ec­ut­ive board and board of ad­visors that were ex­ten­ded on con­di­tions oth­er than the cus­tom­ary mar­ket con­di­tions and are still out­stand­ing;

3.

all loans and cred­it fa­cil­it­ies to close as­so­ci­ates of the per­sons spe­cified in num­bers 1 and 2 that were ex­ten­ded on con­di­tions oth­er than the cus­tom­ary mar­ket con­di­tions and are still out­stand­ing.

⁴ The in­form­a­tion provided on re­mu­ner­a­tion and cred­it must in­clude:

1.

the amount for the board of dir­ect­ors as a whole and the amount for each mem­ber, spe­cify­ing the name and func­tion of the mem­ber con­cerned;

2.

the amount for the ex­ec­ut­ive board as a whole and the highest amount for each mem­ber, spe­cify­ing the name and func­tion of the mem­ber con­cerned;

3.

the total amount for the board of ad­visors as a whole and the amount for each mem­ber, spe­cify­ing the name and func­tion of the mem­ber con­cerned.

⁵ Re­mu­ner­a­tion and cred­its to close as­so­ci­ates must be shown sep­ar­ately. The names of such as­so­ci­ates need not be giv­en. In oth­er re­spects the pro­vi­sions gov­ern­ing in­form­a­tion on re­mu­ner­a­tion and cred­it to mem­bers of the board of dir­ect­ors, ex­ec­ut­ive board and board of ad­visors ap­ply mu­tatis mutandis.