Ad hoc announcement pursuant to Art. 53 LR

Change to the General Management at Tornos

Luc Widmer, Chief Financial Officer and member of the Tornos’ Group Management team, has decided to leave the Group at the end of August 2021 to take up a new professional challenge.

The Board of Directors and the Executive Committee would like to thank Luc Widmer for his great commitment to the Tornos Group during the past eight years in various management functions. The search for a suitable successor will start immediately.