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| Stockholding Notification of Renova Group |
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| In compliance with the Swiss Federal Act on Stock Exchanges and Securities Trading and the associated ordinances and their modifications effective from December 1, 2007, Everest Beteiligungs GmbH notified Sulzer of the following changes in the Renova Group holdings.
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| Facts triggering the obligation to notify: Sales Positions below the notification threshold of 3%.
Accordingly, Everest notified Sulzer on March 3, 2008, of the following Renova Group holding as at February 29, 2008:
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Equity Securities |
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Voting Rights |
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Number Shares |
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Number |
Percentage |
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Shares |
890 457 |
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890 457 |
24.48% |
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Purchase Positions |
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Voting Rights |
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Derivatives |
Number Rights |
ISIN |
Number |
Percentage |
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Long Call Warrants |
60 533 |
CH0030677782 |
60 533 |
1.66% |
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Financial Instruments |
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Swap (Nexgen) 1) |
53 419 |
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53 419 |
1.47% |
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Swap (ABN) 2) |
87 000 |
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87 000 |
2.39% |
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Cumulative |
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200 952 |
5.52% |
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Cumulative Shares and Purchase Positions |
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1 091 409 |
30.00% |
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Sale Positions |
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Voting Rights |
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Rights
with Cash Settlement |
Number Rights |
Exercise Period |
Number |
Percent |
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- |
- |
- |
- |
- |
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Rights
with Physical Settlement |
Number Rights |
Exercise Period |
Number |
Percent |
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- |
- |
- |
- |
- |
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Cumulative Sale Positions |
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- |
0.00% |
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Renova Industries Ltd., Everest Beteiligungs GmbH and Salve Beteiligungs GmbH form a group together. Salve Beteiligungs GmbH, Griechengasse 2, 1010 Vienna, Austriais a 100% subsidiary of Everest,Griechengasse 2, 1010 Vienna, Austria, which is a 100% subsidiary of Jollinson Holdings Limited, Nestonos 5 CY-6035 Larnaca, Cyprus, which is a 100% subsidiary of Renova Industries, which is a 86% controlled subsidiary of Renova Holding Ltd, 2nd Terrace West Centreville, P.O. Box N-7755 Nassau, Bahamas. The 100% shareholder of Renova Holding is TZ Columbus Services Ltd., Pasea Estate, Road Town, Tortola, British Virgin Island as trustee of the Columbus Trust, a trust established under laws of Cayman Islands, whose ultimate beneficiary is Victor F. Vekselberg, 19 Bakrushina Street, Bld. 2, Apt. 15, 113054 Moscow, Russia, and Susenbergstrasse 94, 8044 Zurich, Switzerland. The group is represented by Vladimir Kuznetsov, Chairman of the Supervisory Board of Everest.
The shareholder’s contact person for the present notification is David Kalberer, 8834 Schindellegi, Switzerland.
Remarks
1) On December 3, 2007, Renova Industries entered with Nexgen Capital Limited, Ormonde House, 12 Lower Leeson Street, Dublin 2, Ireland, into a cash-settled equity swap transaction subject to the multicurrency-cross border master agreement of the International Swap Dealers Association, Inc (ISDA Master Agreement) and a confirmation setting out the following key terms: Termination Date: April 30, 2009; Shares: 53 419 Sulzer shares, representing 1.47% of the voting rights in Sulzer, Initial price: CHF 1 702 per Sulzer share; Notional Amount: Equity Notional Amount (CHF 90 919 138) minus the Initial Collateral Amount (CHF 18 183 827.6), i.e. CHF 72 735 311; Floating Rate Option: CHF-LIBOR-BBA; Spread: 1.4%.
2) On December 27, 2007, Renova Industries entered with ABN Amro Bank N.V., 250 Bishopsgate, London EC2M 4AA, United Kingdom, into a cash-settled share swap transaction (the “ABN Swap”), subject to the ISDA Master Agreement and a confirmation setting out of the following key terms: Trade Date: December 27, 2007, Termination Date: December 27, 2008, or earlier according to the terms of the Swap; Shares: 87 000 Sulzer shares, representing 2.29% of the voting rights in Sulzer; Initial price: CHF 1 640 per Sulzer share; Notional Amount: Equity Notional Amount (CHF 142 680 000) minus the Initial Collateral Amount (CHF 28 536 000), i.e. CHF 114 144 000; Floating Rate Option: CHF-LIBOR; Spread: 1.3%.
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