Ad hoc announcement pursuant to Art. 53 LR

General Meeting approves Board proposals

On 17 April 2012 the shareholders of Tornos Holding SA held their Ordinary General Meeting in Moutier. They approved the annual report and financial statements for 2011 as well as the proposal that disposable earnings be carried forward. The Meeting granted discharge to the members of the Board of Directors and Management for the execution of their mandate during the financial year 2011. The General meeting has also adopted the proposal to extend for two years the authorized share capital of a maximum amount of CHF 21’150’000.- and to modify the articles of association accordingly. PricewaterhouseCoopers were appointed to audit the company and the consolidated financial statements for a term of one year.