Contingent liabilities, sureties, guarantee obligations and pledges in favour of third parties

Joint liability for VAT group taxation with Repartner Produktions AG and Ovra electrica Ferrera SA.

To the benefit of group companies, letters of intent and financing agreements amounting to EUR 84.5 million (equivalent to CHF 87.3 million) were concluded (prior year: EUR 83.9 million, equivalent to CHF 90.6 million).

Guarantees in favour of third parties amounting to CHF 2.2 million and EUR 7.9 million (equivalent to CHF 8.1 million) were provided (prior year: CHF 5.4 million and EUR 9.8 million (equivalent to CHF 10.6 million).