| Sulzer assessing public tender offer by InCentive Capital AG |
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| Today Monday February 19, 2001, Sulzer Ltd was informed concurrently with public announcement of a takeover bid by the Swiss investment company InCentive Capital AG, Zug. The Sulzer Board of Directors is currently assessing in detail this offer to Sulzer shareholders. | |
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| The Sulzer Board of Directors has taken note of the preliminary announcement of a public tender offer by InCentive Capital AG, and is now assessing in detail the announced offer. Sulzer will disclose its standpoint in due course. Until then, Sulzer will make no further commentary on this takeover bid. |
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