Expiry of the period to tender the CHF 200,000,000 1.50% bond 2013-2019 issued by Kuoni Reisen Holding AG for redemption at par value

The settlement of the public tender offer for all publicly held registered shares of Kuoni Reisen Holding AG ("Kuoni") with a nominal value of CHF 1.00 has caused a change of control within the meaning of the terms and conditions of the bond to occur. Consequently, holders of the CHF 200,000,000 1.50% bond 2013-2019 (Valor 22.294.867) issued by Kuoni had the right, between 31 May 2016 and 30 June 2016, to request via their respective depositary bank the redemption of their bonds by Kuoni at par value plus accrued interest.

According to the notification from UBS AG, up to and including 30 June 2016 bonds with an aggregate par value of CHF 125,710,000 have been tendered to Kuoni for redemption. The tendered bonds will be redeemed with value date 29 August 2016 in accordance with the terms and conditions of the bond, and the intermediated securities (Bucheffekten) will be deleted from the main register of the depository.