Corporate structure
The operational corporate structure is shown in the graphic below and in the segment reports in the financial section of the Sulzer Annual Report 2010 on pages 84 and 85 (note 3). Sulzer Ltd is the only Sulzer company listed on a stock exchange. It is based in Winterthur, Switzerland. Its shares are listed and traded on the SIX Swiss Exchange in Zurich (Securities No. 3838891 / ISIN CH0038388911). As of December 31, 2010, the market capitalization of all registered shares was CHF 4 882 387 725. The shares of Sulzer India Ltd, formerly listed on the Bombay Stock Exchange, were delisted from the exchange records with effect from September 13, 2010 (notification of September 13, 2010). Castle Support Services PLC, the ultimate holding for the Dowding & Mills Group, was acquired in the course of 2010 and delisted from the AIM London Stock Exchange on July 12, 2010. Information on the major subsidiaries included in the consolidation can be found under note 37 on pages 109 to 112 of the financial section of the Sulzer Annual Report 2010.
Significant shareholders
As far as the company is aware, two shareholders held more than 3% of Sulzer Ltd’s share capital on December 31, 2010: the Renova Group
1(10 689 797 shares, 31.20%) and Threadneedle Asset Management Holdings Ltd (1 028 210 shares, 3.001%). As of December 22, 2010, the Renova Group held 31.20% in Sulzer shares (directly held by Liwet Holding AG, as published on the SIX disclosure platform on December 24, 2010). On December 22, 2010, the Renova Group informed Sulzer about a change in its group structure and therefore in the indirect holding of the Sulzer shares. On January 18, 2010, Threadneedle Asset Management Holdings Ltd notified Sulzer that it held less than 3% in shares (notification of January 19, 2010). Subsequently, the company increased its shareholding to 3.05% (notification of February 18, 2010), reduced it below 3% (notification of February 23, 2010), increased it to 3.001% (notification of September 15, 2010) and eventually reduced it below 3% (notification of February 4, 2011). For detailed information, see the respective disclosure notifications on
www.six-exchange-regulation.com/obligations/disclosure/major_shareholders_en.html. For the positions held by Sulzer and information on shareholders, see note 22 in the financial section of the Sulzer Annual Report 2010 (page 100). There are no cross-shareholdings where the capital or voting stakes on either side exceed the threshold of 3%.
1 For the group structure of the Renova Group, refer to the SIX disclosure platform on
www.six-exchange-regulation.com/obligations/disclosure/major_shareholders_en.html.
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