Annual General Meeting 2004

Item 4: Elections

Item 4.1.
Re-election to the Board of Directors

The Board of Directors proposed that Sir Peter Davis, whose term of office expired at the AGM, be re-elected as a non-executive member of the Board of Directors for a further three-year term.

None of those present requested the opportunity to speak. The Annual General Meeting re-elected Sir Peter Davis, with the voting being as follows:

Item 4.2.
Election of new Board members

The Board of Directors proposed that Stephan Haeringer (a Swiss citizen) be elected to the Board as an executive member, and that Helmut Panke (a German citizen) and Peter Spuhler (a Swiss citizen) be elected as non-executive members, each for a period of three years.

None of those present requested the opportunity to speak. The Annual General Meeting approved the nominations, with the voting being as follows:

Item 4.3.
Election of Group and Statutory Auditors

Upon a motion from the Board of Directors, and based on the recommendation of the Audit Committee, the Annual General Meeting elected Ernst & Young Ltd., Basel for a further one-year term of office as Group and Statutory Auditors, the voting being as follows:

Items