Changes of control and defensive measures

The mandatory offer requirement under Swiss securities law applies, since the Articles of Association do not include any provision in this regard. Contracts of employment for members of the Executive Board do not contain any clauses pertaining to change of control. Repower does not provide a "golden parachute" for senior management. There are no long-term contractual commitments with members of the Board of Directors or the Executive Board. No severance payments have been agreed.