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

¹ Where a cus­todi­an wishes to act as rep­res­ent­at­ive in ex­er­cising the par­ti­cip­a­tion rights at­tach­ing to shares de­pos­ited with him, he asks the de­pos­it­ors for vot­ing in­struc­tions pri­or to every gen­er­al meet­ing.

² Where the de­pos­it­ors’ in­struc­tions can­not be ob­tained in good time, the cus­todi­an ex­er­cises their vot­ing rights in ac­cord­ance with their gen­er­al in­struc­tions; in the ab­sence of gen­er­al in­struc­tions, he votes in fa­vour of the mo­tions pro­posed by the board of dir­ect­ors.

³ In­sti­tu­tions sub­ject to the Fed­er­al Act of 8 Novem­ber 1934⁴²⁷ on Banks and Sav­ings Banks and fin­an­cial in­sti­tu­tions in ac­cord­ance with the Fin­an­cial In­sti­tu­tions Act of 15 June 2018⁴²⁸ are deemed to be cus­todi­ans act­ing as rep­res­ent­at­ives.⁴²⁹