List of generally recognised accounting standards

According to Art. 51 para. 2 FINSO, the reviewing body shall maintain and publish a list of accounting standards generally recognised by it. The following lists the accounting standards recognised by the Prospectus Office.

Accounting standard Comment Only claims Only for companies with registered of- Code of Obligations fice in Switzerland For public law institutions and public- Harmonised Accounting Model law corporations with registered office x in Switzerland Only for companies with registered of- Standard according to the Banking Act fice in Switzerland or the EU/EEA Only for companies with registered of- Swiss GAAP FER fice in Switzerland IFRS Accounting Standards1 US GAAP EU IFRS UK IFRS Chinese Accounting Standard for Business Enterprises (ASBEs) Only for the public sector (excluding en- International Public Sector Accounting terprises engaged in economic activi- x Standards (IPSAS) ties) The issuer’s debt securities may, subject to the application of the corresponding accounting standards, be admitted to trading on a regulated x market in a member state of the EU or EEA irrespective of the denominations of the issue, whereby the issuer must provide evidence of this

1 IFRS Accounting Standards (IFRS) refers to all of the accounting standards and interpretations issued by the IASB (International Accounting Standards Board). All accounting standards of countries that have adopted the IFRS as a recognised accounting standard in their national accounting law without overriding mandatory provisions are also deemed to be IFRS (see the IASB’s overview of countries on ifrs.org: e.g. Korean IFRS, Hong Kong IFRS, New Zealand IFRS or Australian IFRS).

List of generally recognised accounting standards 01/04/2023

The accounting standard that is applied is permitted on the trading venue recognised by the reviewing body in the home country of the issuer or guarantor and the differences between the applied accounting standard and IFRS or US GAAP are explained in detail in text form in the x prospectus in accordance with the Federal Financial Services Act (“FinSA”) and in the annual reports, or in a supplement to these documents. The existence of any supplement must be stated prominently in the annual report or in the prospectus in accord-

2 Such explanations need not be published if the audited annual financial statements already include a numerical reconciliation of the applied standard with IFRS or US GAAP on the basis of the profit or loss for the reporting period and the shareholders’ equity as of the end of the reporting period, along with explanations of the main positions.