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Sulzer upholds shareholder rights for agenda proposals
The Sulzer Board of Directors will recommend the General Assembly of April 11, 2002, to approve that shareholders representing 2% or more of share capital can propose items for inclusion on the agenda. If the proposed abolition of voting rights restriction is also approved by the General Assembly, this will make Sulzer Ltd one of the most advanced and shareholder-friendly Swiss companies.

In the invitation to the General Assembly 2002, it was originally proposed that shareholders representing 10% or more of share capital can request items for inclusion on the agenda. The Sulzer Board of Directors has now revised this proposal on a more shareholder-friendly basis and will recommend the General Assembly to replace this 10% limit by 2% in item 5 of the agenda (amendment to paragraph 3 of the statutes, § 14).

Shareholder rights to propose items for inclusion on the agenda are to be reintroduced because the Sulzer Medica spin-off in July 2001 has reduced the Sulzer Ltd share capital to CHF 109'140; this step led to the elimination of the right to propose items for inclusion on the agenda granted – according to OR Art. 699, par. 3 – to shareholders representing an aggregate par value of at least CHF 1 million share capital.

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