Update on the intended share buyback programme

The board of directors set the buyback price for the intended share buyback programme, which was approved at an extraordinary general meeting on 25 October 2017, to CHF 17.00 per share. This decision of the board of directors and the start of the programme are subject to commitments of major shareholders to tender shares under the programme and an approval by the Swiss Takeover Board. The board of directors expects to reach a final decision within the next two weeks.

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