Ettore Candolfi To Leave SWX Swiss Exchange

After 14 years of involvement in the securities exchange industry, Ettore Candolfi has announced his intention to leave the SWX Swiss Exchange at the end of August 2002 to pursue an entrepreneurial career of his own. Mr. Candolfi has been a member of the Management Board of the SWX Swiss Exchange since 1 December 2000 and is head of the Information Products Division of SWX.

SWX Swiss Exchange deeply regrets Mr. Candolfi's departure and wishes to express its sincere appreciation for his many years of outstanding service.