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Staff Changes At The SWX Swiss Exchange

Date 31/03/2003

Board of Directors of the SWX

On 20 March 2003, the General Assembly of the SWX Swiss Exchange Ltd appointed Mr Andreas Häberli, Head of Equities Switzerland, UBS Warburg, and Mr Bruno Meier, Spokesman of the General Management of Deutsche Bank (Switzerland) Ltd, to the Board of Directors of the SWX Swiss Exchange Ltd.

They are succeeding Mr Danny Schweizer and Mr Karl-Ludwig Göldner.

Admission Board of the SWX

The Board of Directors of the SWX Swiss Exchange has appointed Mr Rémy Best (unlimited partner at Pictet & Cie) to succeed Mr Thierry Lombard (partner at Lombard, Odier, Darier, Hentsch & Cie), who has stepped down. A representative of the world of science, Prof. Rolf Watter (a lawyer and a professor at the University of Zurich), has also been appointed to this body.

The SWX would like to take this opportunity to thank the gentlemen who have resigned for the valuable service that they have performed throughout the years on the Board of Directors and the Admission Board.