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 cap­it­al con­tri­bu­tions and thus reaches or ex­ceeds the threshold of 25 per cent of the nom­in­al 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 com­pany mem­ber is a leg­al en­tity or part­ner­ship, each nat­ur­al per­son that con­trols the com­pany mem­ber in ana­log­ous ap­plic­a­tion of Art­icle 963 para­graph 2 must be re­cor­ded as a be­ne­fi­cial own­er. If there is no such per­son, the com­pany mem­ber must give no­tice of this to the com­pany.

³ If the com­pany mem­ber is a com­pany whose par­ti­cip­a­tion rights are lis­ted on a stock ex­change, if the com­pany mem­ber is con­trolled by such a com­pany in ac­cord­ance with Art­icle 963 para­graph 2, or if the com­pany mem­ber 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 com­pany mem­ber must with­in three months give no­tice to the com­pany of any change to the first name or sur­name or the ad­dress of the be­ne­fi­cial own­er.

⁵ The pro­vi­sions of the law on com­pan­ies lim­ited by shares re­lat­ing to the re­gister of be­ne­fi­cial own­ers (Art. 697l)and the con­sequences of fail­ing to com­ply with the ob­lig­a­tions to give no­tice (Art. 697m) ap­ply mu­tatis mutandis.