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

¹ The board of dir­ect­ors may, with­in the lim­its of its au­thor­ity, in­crease and re­duce the share cap­it­al.

² If the board of dir­ect­ors de­cides to in­crease or re­duce the share cap­it­al, it shall is­sue the re­quired pro­vi­sions, un­less they are con­tained in the gen­er­al meet­ing’s res­ol­u­tion on au­thor­isa­tion.

³ In the case of a reduction of the share capital within the capital band, the provisions on securing claims, the interim account and the audit confirmation in the case of an ordinary capital reduction applymutatis mutandis.

⁴ Fol­low­ing any in­crease or re­duc­tion in the share cap­it­al, the board of dir­ect­ors shall make the re­quired de­clar­a­tions and shall amend the art­icles of as­so­ci­ation ac­cord­ingly. The res­ol­u­tion on the amend­ment of the art­icles of as­so­ci­ation and the de­clar­a­tions of the board of dir­ect­ors must be done in a pub­lic deed.

⁵ Oth­er­wise, the rules on an or­din­ary cap­it­al in­crease, a cap­it­al in­crease from con­tin­gent cap­it­al and a cap­it­al re­duc­tion ap­ply mu­tatis mutandis.