Ad hoc announcement pursuant to Art. 53 LR

Walter Fust holds 42.73% of Tornos Holding Ltd share capital

On November 27, 2013, Walter Fust published a public takeover offer for all publicly held registered shares of Tornos Holding Ltd («Tornos») at a price of CHF 4.70 per share.

Provisional interim result At the end of the offer period on January 16, 2014, at 4:00pm, 1’869’730 Tornos shares have been tendered in the context of the takeover offer. Taking into account the 6’624’263 Tornos shares already held by Walter Fust and by adding the 1’869’730 Tornos shares tendered in the context of the takeover offer, his participation amounts to 42.73% of the Tornos share capital and voting rights.

Success of the offer Subject to a judgment, decision or other injunction declaring the takeover offer or its execution forbidden or illegal, Walter Fust declares the takeover offer successful.

Publication of the definitive interim result This interim result is provisional. The definitive interim result will be published by Walter Fust on January 21, 2014 in the Neue Zürcher Zeitung and in Le Temps.

Additional acceptance period and settlement The additional period of 10 trading days for the subsequent acceptance of the takeover offer will start on January 22, 2014 and run until February 4, 2014, at 4:00pm. The settlement date is currently expected to be February 14, 2014.

The French version of this media release is definitive.