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Bär & Karrer Ltd.

BRANDSCHENKESTRASSE 90, 8027 ZÜRICH, SWITZERLAND
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Geneva, Lugano, Zug, Zurich

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Adecco Group closes issuance of CHF 900 million mandatory convertible bonds

December 2009

The CHF 900 million 6.5 per cent mandatory convertible bonds due 2012 (the "Bonds") were issued by Adecco Investment (Bermuda) Ltd., a wholly-owned subsidiary of Adecco SA, and will represent senior secured limited recourse obligations of the Issuer. At maturity, the Bonds will be mandatorily convertible into fully paid ordinary shares of Adecco SA. Credit Suisse and Deutsche Bank acted as Joint Lead Managers in the issue and placement of the Bonds.

Bär & Karrer acted as Swiss legal advisor to the Joint Lead Managers in this transaction. The team included Thomas Reutter, Roland Truffer, Ariane Riedi Wirth, Daniel Raun as well as Daniel Lehmann (Tax).

 

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