Shares, Book-Entry Rights

RECOGNITION OF THE ARTICLES OF ASSOCIATION

The exercise of any rights related to the shares implies recognition of the Articles of Association as amended from time to time.

REPRESENTATIVES

The Company recognizes only one representative for each share.

CERTIFICATES, UNCERTIFIED SECURITIES

The Company issues its shares in the form of individual certificates, general certificates or uncertificated securities. To the extent permitted by law, the Company is free to convert its shares to another form at any time without the consent of shareholders. The Company bears the costs of this conversion.

The shareholder is not entitled to request any shares to be executed in the form of share certificates. The Company may print and deliver share certificates (individual certificates or general certificates) at any time. With the consent of the relevant shareholder, the Company may cancel, without substitution, any issued certificates that have been delivered to it.

BOOK-ENTRY SECURITIES

The Company may convert shares to book-entry securities based on individual certificates, general certificates or uncertified securities and it may withdraw book-entry securities designed as book-entry securities from the depository.

ATTESTATION

If a registered shareholder entered in the share register may demand from the Company the issuance of a certificate for his registered shares at any time.

CONVERSION

By amendment of the Articles of Association, the General Meeting may convert registered shares into bearer shares and bearer shares into registered shares at any time.

ACQUISITION OF BEARER-SHARES

Registered shareholders may swap 6 registered shares at a nominal value of CHF 0.10 each against 1 bearer share at the nominal value of CHF 0.60. The execution lies with the Board of Directors and includes:

  1. determination of procedural details and timeline of swaps;
  2. cancellation of turned-in registered shares and issuance of the required bearer shares;
  3. according to the shares being swapped and pursuant to Article 653f-h SCO, annual adjustment of §2 paragraph 1 of the Articles of Association of the Company.