Ad hoc announcement pursuant to Art. 53 LR

Tornos Group with new financing

Tornos Group has reviewed its financing. A new private loan is replacing bank credit lines.

Tornos Group has amended its financing structure by putting it on a new contractual basis as follows: Two industrial shareholders are granting credit facilities of CHF 20 million in the form of a CHF 10 million loan granted since October 2012, complemented by an additional credit line of CHF 10 million expiring on March 31, 2015. Furthermore, a credit line of CHF 8 million for the issuance of a bank guarantee is equally granted. This step ensures a solid financial basis at attractive conditions for Tornos Group, and it demonstrates the two shareholders’ great trust. There are no contracts with banks or other partners beyond the aforementioned.