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

¹ If the shareholders are granted option rights in connection with contingent capital, the rules on the subscription right in the case of an ordinary capital increase applymutatis mutandis.

² If bonds or sim­il­ar debt in­stru­ments to which con­ver­sion or op­tion rights at­tach are is­sued in con­nec­tion with con­tin­gent cap­it­al, they must be offered first to the share­hold­ers for sub­scrip­tion in pro­por­tion to the share­hold­ers’ ex­ist­ing par­ti­cip­a­tions.

³ This pri­or­ity sub­scrip­tion right may be re­stric­ted or can­celled if:

1.

there is good cause; or

2.

the shares lis­ted on a stock ex­change and the bonds or sim­il­ar debt in­stru­ments are is­sued sub­ject to ap­pro­pri­ate con­di­tions.

⁴ No one may gain an un­due ad­vant­age or suf­fer an un­due dis­ad­vant­age as a res­ult of the re­stric­tion or can­cel­la­tion of the sub­scrip­tion right or the pri­or­ity sub­scrip­tion right.