2. Important resolutions

¹ A resolution by the general meeting requires at least two-thirds of the voting rights represented and an absolute majority of the nominal value of shares represented for:

1.

any amendment of the company’s objects;

2.

the introduction of shares with preferential voting rights;

3.

any restriction on the transferability of registered shares;

4.²

an authorised or contingent capital increase or the creation of reserve capital in accordance with Article 12 of the Banking Act of 8 November 1934³;

5.

a capital increase funded by equity capital, against contributions in kind or to fund acquisitions in kind and the granting of special privileges;

6.

any restriction or cancellation of the subscription right;

7.

a relocation of the seat of the company;

8.⁴

the dissolution of the company

² Provisions of the articles of association which stipulate that larger majorities than those prescribed by law are required in order to make certain resolutions may themselves be introduced only with the planned majority.

³ Registered shareholders who did not vote in favour of a resolution to amend the company’s objects or to introduce shares with preferential voting rights are not bound by restrictions on the transferability of their shares imposed by the articles of association for six months following publication of such resolutions in the Swiss Official Gazette of Commerce.