Switzerland

Zurich, 26 June 2026 Virgin Active, a leading international premium health club and Social Wellness Club operator with hundreds of locations across four continents, including major markets such as South Africa, the UK, Italy, and Australia, is expanding into Switzerland by taking over the Planet Wellness club in the Lugano area. The completion of the transaction is subject to certain conditions. The location will open as Switzerland’s first Virgin Active Social Wellness Club, bringing the group’s signature premium fitness model to the region. Bär & Karrer acted as Swiss legal advisor to Virgin Active and supported Virgin Active’s Legal Director, Daniela Giordani, in connection with the takeover transaction. The Bär & Karrer team was led by Rocco Rigozzi (M&A), while Martin Leu (Tax) led the Swiss tax aspects of the transaction. The Bär & Karrer team also included Sara Scalmana and Amina Zuzo (both Tax), Laura Widmer and Marc Paronitti (both Employment), Ruth Bloch-Riemer and Sébastien Di Natale (Pension/Social Security), Thomas Rohde (Restructuring/Corporate), Bryan Bruschi (Corporate and Notarial Services), and Markus Wang and Christine Schweikard (IP/Data Protection). For further information please contact: Media Relations, Eric Stupp Tel: +41 58 261 50 00 Email: [email protected]   Bär & Karrer is a leading Swiss law firm with more than 200 lawyers, providing customized legal advice in complex transactions and litigation. Clients range from multinational corporations to private individuals in Switzerland and abroad. Bär & Karrer is present with offices in all main language regions in Switzerland and operates globally via an international network of leading law firms. For further information please visit baerkarrer.ch.

On June 17, 2026, Zürcher Kantonalbank (ZKB) successfully completed a further offering of Bail-in Bonds in the amount of EUR 500 m. Zürcher Kantonalbank’s Bail-in Bonds, including the newly placed EUR 500 m 3.622% 6NC5 Bail-in Bonds, have been designed and issued on the basis of a legal framework allowing Cantonal Banks to issue Total-Loss-Absorbing-Capacity (Gone-Concern Capital) Bonds. If FINMA orders the partial or complete reduction of the bondholders’ claims under the Bail-in Bonds, the bondholders are entitled to receive Recovery Certificates. Such Recovery Certificates include claims, subject to multiple conditions precedent, for subsequent future compensation payments for the full or partial reduction of the bondholders’ claims under the Bail-in Bonds.   BNP PARIBAS, Commerzbank Aktiengesellschaft, UBS London Branch and Zürcher Kantonalbank acted as Joint Lead Managers. The team advising Zürcher Kantonalbank as issuer on all Swiss law aspects was led by Benjamin Leisinger (Capital Markets and Financial Market Regulation) and included Sofiya Shavlak and Yulia Shaburnykova (both Capital Markets). Tax aspects were covered by Dieter Grünblatt.   Contact Beatrice Winkler / Marketing / [email protected]

On June 9, 2026, Idorsia Ltd (SIX: IDIA), a commercial-stage biopharmaceutical company with a portfolio of first- or best-in-class assets, entered into a senior secured term loan agreement of up to CHF 250 million with investment funds managed by Pharmakon Advisors, LP. The first tranche of CHF 150 million will be used, among other things, to refinance existing financing of the Idorsia group, with further tranches available, subject to customary conditions, to support targeted initiatives to accelerate growth and long‑term value creation. Homburger advised Idorsia Ltd on the Swiss law aspects of the transaction. The Homburger team was led by Frank Gerhard and included Eduard De Zordi and Daniel Hulmann (all Capital Markets).   Contact Wanda Schweda / Marketing / [email protected]

On June 8, 2026, TGS, a leading global provider of energy data and intelligence, announced its acquisition of Apparition Geoservices GmbH, securing exclusive access to its proprietary simultaneous source acquisition and separation technology. Combined with TGS's Gemini Enhanced Frequency Source (EFS) technology, Apparition creates a platform for step-change improvements in seismic operational efficiency, source capacity and subsurface imaging clarity. The Homburger team advising TGS comprised Margrit Marti, Claudine Schär and Géraldine Bär (all Corporate / M&A), Stefan Oesterhelt and Juliette Buob (both Tax) and Luca Dal Molin (IP / IT). Contact Nanding Susso / Marketing / [email protected]