Application Of Long Disclosure Rules On Derivatives

Under Section 91 of the Stock Exchange Act, persons that directly or indirectly acquire or sell the shares of an issuer whose shares are admitted to trading on a regulated European Economic Area (EEA) market must immediately (or no more than two trading days later) inform the Austrian Financial Market Authority, the exchange operating company and the issuer of the share of voting rights held after the completion of the acquisition or sale if their proportion of voting rights reaches, exceeds or falls below 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45%, 50%, 75% or 90%.

This also applies to the thresholds stated by such issuer in its bylaws, under Article 27 (1)(i) of the Takeover Act (published in the Federal Law Gazette I 127/1998). The denominator is the total number of shares carrying voting rights of an issuer's outstanding capital.