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

¹ If a com­pany ac­quires its own shares, the right to vote and the rights as­so­ci­ated there­with for these shares shall be sus­pen­ded.

² The right to vote on the com­pany’s own shares and the rights as­so­ci­ated there­with shall also be sus­pen­ded if the com­pany trans­fers its own shares and it is agreed to take back or re­turn the shares con­cerned.

³ If the right to vote is ex­er­cised, even though it is sus­pen­ded, the pro­vi­sions gov­ern­ing un­au­thor­ised par­ti­cip­a­tion in the gen­er­al meet­ing (Art. 691) ap­ply.

⁴ The com­pany must in­dic­ate an amount equi­val­ent to the cost of ac­quir­ing its own shares on its bal­ance sheet as neg­at­ive items in the equity cap­it­al (Art. 959a para. 2 no 3 let. e).