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

¹ Any per­son who alone or by agree­ment with third parties ac­quires shares in a com­pany whose par­ti­cip­a­tion rights are not lis­ted on a stock ex­change, and thus reaches or ex­ceeds the threshold of 25 per cent of the share cap­it­al or vot­ing rights must with­in one month give no­tice to the com­pany of the first name and sur­name and the ad­dress of the nat­ur­al per­son for whom it is ul­ti­mately act­ing (the be­ne­fi­cial own­er).

² If the share­hold­er is a leg­al en­tity or part­ner­ship, each nat­ur­al per­son that con­trols the share­hold­er in ana­log­ous ap­plic­a­tion of Art­icle 963 para­graph 2 must be re­cor­ded as a be­ne­fi­cial own­er. If there is no such per­son, the share­hold­er must give no­tice of this to the com­pany.

³ If the share­hold­er is a com­pany whose par­ti­cip­a­tion rights are lis­ted on a stock ex­change, if the share­hold­er is con­trolled by such a com­pany in ac­cord­ance with Art­icle 963 para­graph 2, or if the share­hold­er con­trols such a com­pany in this sense, it must only give no­tice of this fact and provide de­tails of the com­pany’s name and re­gistered of­fice.

⁴ The share­hold­er must give no­tice to the com­pany with­in three months of any change to the first name or sur­name or to the ad­dress of the be­ne­fi­cial own­er.

⁵ The ob­lig­a­tion to give no­tice does not ap­ply if the bear­er shares are or­gan­ised as in­ter­me­di­ated se­cur­it­ies and de­pos­ited with a cus­todi­an in Switzer­land or entered in the main re­gister. The com­pany shall des­ig­nate the cus­todi­an.