Regular Reporting Obligations: Reporting obligations within the context of maintaining listing

Reporting obligations under stock-exchange law are intended to ensure that technical and administrative information on listed securities is made available to the Exchange and market participants in a timely manner and suitable form. The information transmitted to SIX Exchange Regulation allows the Exchange to guarantee smooth and orderly securities trading.

The fulfilment of these reporting obligations is a basic requirement for maintaining listing on SIX Swiss Exchange.

The reports relating to the maintenance of listing (Art. 49-56 Listing Rules) must be submitted to SIX Exchange Regulation (Listing & Enforcement).

Circular No. 1, which sets out the reporting requirements in the context of maintenance of listing for equity and debt securities as well as collective investment schemes, was drawn up in order to make the technical and administrative work involved with the reporting requirements easier for issuers.

The CONNEXOR® Reporting platform has been in operation since 23 November 2009. During a transition period, use of the reporting platform is on a voluntary basis. During that period, issuers are free to decide whether they fulfil their reporting obligations under Circular No. 1, Annex 1 by using the reporting platform or instead continue to send the reports to SIX Exchange Regulation as previously by , fax (+41 58 499 2933) or online form. The terms of use of CONNEXOR® Reporting are regulated in the Directive on Using the Electronic Reporting Platform for Reporting Obligations According to Circular No. 1, Annex 1. With the exception of Art. 1, this Directive will enter into force on 1 January 2010.

SIX Exchange Regulation is responsible for enforcing the reporting requirements and reserves the right to impose sanctions (Arts. 59 ff Listing Rules).