Ad hoc announcement pursuant to Art. 53 LR

Customers’ reluctance to invest in projects significantly noticeable in the first half year

The persistently difficult market situation in Tornos’ target markets, combined with a currency environment that remains challenging, will lead to a significant year-on-year decline of about 15% in net sales in the first half of 2016. Although further cost-cutting measures have already been initiated and selective short-time working has been introduced at the Moutier site, net loss is expected to be about CHF 1 million below the prior-year result.

Tornos Holding Ltd.’s half-year report publication is scheduled for August 16, 2016.