Federal Act
on the Organisation of Swiss Post
(Post Organisation Act, POA)

1 The autonom­ous in­sti­tu­tion is con­ver­ted to a com­pany lim­ited by shares sub­ject to a spe­cial stat­utory re­gime un­der the pro­vi­sions of this Act. Its leg­al re­la­tion­ships are not changed thereby.

2 The Fed­er­al Coun­cil shall de­term­ine the date of the change in leg­al form. Pri­or to the change, it shall con­sult the com­pet­ent com­mit­tee of the Fed­er­al Par­lia­ment. The Fed­er­al Coun­cil shall ad­opt such de­crees as are ne­ces­sary for the change of leg­al form:

a.

it shall de­cide as to the open­ing bal­ance of the com­pany lim­ited by shares;

b.

it shall se­lect the board of dir­ect­ors, ap­point its chair­per­son, and ad­opt the first art­icles of as­so­ci­ation;

c.

It shall ap­point the aud­it­ors.

3 When de­cid­ing on the open­ing bal­ance, it shall ap­prove the in­sti­tu­tion's fi­nal ac­counts and man­age­ment re­port; the in­sti­tu­tion's board of dir­ect­ors shall make a cor­res­pond­ing mo­tion.

4 When de­cid­ing on the open­ing bal­ance, it may con­vert the in­sti­tu­tion's en­dow­ment cap­it­al in­to the equity cap­it­al of the com­pany lim­ited by shares in or­der to at­tain a reas­on­able level of equity cap­it­al. The state ac­counts of the Swiss Con­fed­er­a­tion and the Swiss Post bal­ance sheet shall be ad­jus­ted ac­cord­ingly.

5 The Board of Dir­ect­ors of the in­sti­tu­tion shall pre­pare for the con­ver­sion to the new leg­al form, as well as the spin-off of Post­Fin­ance and the trans­fer of Post­Fin­ance's as­sets. As of the date of the change of leg­al form, the Board of Dir­ect­ors of the com­pany lim­ited by shares shall is­sue the or­gan­isa­tion­al reg­u­la­tions and shall per­form its oth­er tasks in ac­cord­ance with the Code of Ob­lig­a­tions¹¹ and the art­icles of as­so­ci­ation.

6 In its ca­pa­city as em­ploy­er, the com­pany lim­ited by shares shall con­tin­ue the ex­ist­ing em­ploy­ment re­la­tion­ships. The pub­lic law em­ploy­ment re­la­tion­ships of the per­son­nel shall be con­ver­ted in­to private law em­ploy­ment re­la­tion­ships at the time that the new col­lect­ive em­ploy­ment con­tract takes ef­fect, or no later than two years fol­low­ing the change of leg­al form.

7 Any entries in the land re­gister, the com­mer­cial re­gister and any oth­er pub­lic re­gisters in con­nec­tion with the change of leg­al form shall be ex­empt of taxes and charges.

8 The pro­vi­sions of the Mer­gers Act of 3 Oc­to­ber 2003¹² ap­ply to the change of the leg­al form of the in­sti­tu­tion in­to a com­pany lim­ited by shares.