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Corporate Governance
Corporate Structure and Shareholders

The corporate structure is shown in the organization chart (see above) and in the segment information in the financial section 2007 on pages 26 and 27. Sulzer Ltd and Sulzer India Ltd are the only Sulzer companies listed on a stock exchange. Sulzer Ltd has its registered office in Winterthur, Switzerland. Its shares are listed on the SWX Swiss Exchange in Zurich where they are also traded (Securities No. 3838891/ISIN CH 0038388911). As of December 31, 2007, the market capitalization amounted to CHF 6 057 319 950. Information on Sulzer India Ltd and on the unlisted companies included in the consolidation can be found in the financial section under note 38 on pages 52 to 55.

More information on the shareholders can be found in the financial section on page 43, note 23, and in the table on page 38 (see annual report 2007). There are no cross-shareholdings where the capital or voting stakes on both sides exceed 3%.

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