Provisional interim result of the public purchase and exchange offer from AFG relating to the merger with Looser Holding AG

Looser Holding AG, headquartered in Arbon (Switzerland) hereby announces, that AFG Arbonia-Forster-Holding AG (AFG) has today published the provisional interim result of the public purchase and exchange offer for the shareholders of Looser Holding AG.

On 29 September 2016, AFG published a public purchase and exchange offer in accordance with articles 125 et seq. of the Federal Act on Financial Markets Infrastructure and Market Conduct in Securities and Derivatives Trading of 19 June 2015 for all publicly held registered shares in Looser Holding AG with a nominal value of CHF 8.43 each.

Until the expiration of the offer period on 10 November 2016, 16:00 p.m., a total of 1,322,649 Looser Shares were tendered to AFG under the offer, corresponding to 74.67 percent of the 1,771,367 Looser shares covered by the offer (success rate). At the end of the offer period, the shareholding of AFG, including the 2,026,928 Looser shares which will be purchased by AFG from the former family shareholders, members of the Board of Directors and the Executive Management of Looser Holding AG under the share purchase agreement dated 14 September 2016 as well as the 3,205 treasury shares held by Looser Holding AG, amounts in the aggregate to 3,352,782 Looser shares, corresponding to 88.20 percent of the voting rights and the share capital of Looser Holding AG (participation rate). The shareholding of AFG is subject to the assumption that the transaction will be closed.

The present interim result is provisional. AFG will publish the final interim result on 16 November 2016.

The additional acceptance period of 10 trading days for the public shareholders of Looser Holding AG for the subsequent acceptance of the offer will start on 17 November 2016 and is expected to end on 30 November 2016, 16:00 p.m.