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

¹ The part of the participation capital composed of participation certificates that are listed on a stock exchange may not exceed ten times the share capital specified in the commercial register. The remaining part of the participation capitalmust not ex­ceed an amount equal to double the share cap­it­al spe­cified in the com­mer­cial re­gister.

² The pro­vi­sions gov­ern­ing min­im­um cap­it­al do not ap­ply.

³ The par­ti­cip­a­tion cap­it­al must be ad­ded to the share cap­it­al when:

1.

form­ing the stat­utory re­tained earn­ings;

2.

us­ing the stat­utory cap­it­al re­serves and re­tained earn­ings;

3.

as­sess­ing wheth­er there is a situ­ation of neg­at­ive net worth or loss of cap­it­al;

4.

re­strict­ing the ex­tent of an in­crease in cap­it­al from con­tin­gent cap­it­al;

5.

de­term­in­ing the lower and up­per lim­its of a cap­it­al band.

⁴ The thresholds must be cal­cu­lated sep­ar­ately for share­hold­ers and par­ti­cip­a­tion cer­ti­fic­ate hold­ers when:

1.

in­stig­at­ing a spe­cial in­vest­ig­a­tion in the event that a related motion is rejected by thegen­er­al meet­ing;

2.

dissolving the company by court judgment;

3.

giv­ing no­tice of the be­ne­fi­cial own­er in ac­cord­ance with Art­icle 697j.

⁵ They shall be cal­cu­lated:

1.

based on the shares is­sued for the ac­quis­i­tion of the com­pany’s own shares;

2.

based on the par­ti­cip­a­tion cer­ti­fic­ates is­sued for the ac­quis­i­tion of the com­pany’s own par­ti­cip­a­tion cer­ti­fic­ates.

⁶ They shall be cal­cu­lated based solely on the share cap­it­al:

1.

for the right to con­vene the gen­er­al meet­ing;

2.

for the right to table agenda items and mo­tions.