Ad hoc announcement pursuant to Art. 53 LR

General Meeting approves all Board proposals

The shareholders of Tornos Holding Ltd. have approved all the proposals submitted to them at the Annual General Meeting.

Today the shareholders of Tornos Holding Ltd. held their Annual General Meeting, which was attended by 47 shareholders representing 15’528’118 shares or 78.12% of the share capital.

They approved the annual report and financial statements for 2014 as well as the result on the balance sheet to be carried forward. The assembly also granted discharge to the members of the Board of Directors and General Management for the execution of their mandate during the financial year 2014. All members of the Board of Directors were reelected for a further term of one year. PricewaterhouseCoopers SA, Neuchâtel, were appointed to audit the company and the consolidated financial statements for another term of one year.

The assembly also approved the remuneration report 2014 as well as the total amounts of the Board of Directors’ and the General Management’s remunerations for the period running up to the 2016 Annual General Meeting of shareholders.