Ad hoc announcement pursuant to Art. 53 LR

Tornos reduces credit lines with the banks

The credit agreement between Tornos Group and the banks (UBS and Zürcher Kantonalbank) that reached maturity on September 30, 2013 has been extended in an amended version until December 31, 2013. The facilities available to the Group through the agreement pass from CHF 35 million to CHF 10 million; this reduction was made possible through the share capital increase realized on May 30, 2013 and the progress made with regard to the net cash position. These two elements allow the Group to currently limit its financial facilities granted by the banking partners, without exceeding a commonly required operational level. The pattern of finance will be periodically reviewed according to the development of the business.