Repayment of par value and share split

    The Annual General Meeting of Shareholders of 20 May 2011 decided a repayment of par value of CHF 50.00 per bearer shares and CHF 10.00 per registered share as well as a 1:40 share split.

    For details see "Kotierungs- und Umtauschinserat" (in German only).

    René Grieder
    Moortalstrasse 1
    5722 Gränichen

    Chief Financial Officer

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