Ad hoc announcement pursuant to Art. 53 LR

Changement au niveau de la direction générale

The Head Market & Sales Support, Mr Carlos Cancer, has decided to seek new career challenges outside the Tornos Group. After more than 20 years in the Group – first as country head for Italy and subsequently as global head of the sliding headstock turning machines business – he has decided at his own request to leave the company at the end of December 2013 and thus to step down from the Group’s General Management, of which he was a member for more than a decade.

The Board of Directors wishes to thank Mr Cancer for his great dedication and his valuable contribution to the development of the Tornos Group, and wishes him all the best for his personal and professional future.

Future arrangements with regard to succession will be published in due course.