Part 2 General Regulations (GR) Issued dated Annexes 1 5

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1 Pension Regulions Part General Regulions (GR) Issued ded Annexes 5 Annex Arrears interest re for departure benefits (section..) Annex Table of pillar a fixed pension assets th are excluded from considerion when purchasing additional benefits (section 5..) Annex Voluntary distribution of free funds and any employer-contribution reserves Annex Continuion of pension insurance Annex 5 Partial Liquidion Regulions YLKDIE 07.5

2 Annex : Arrears interest re for departure benefits (section..) Before..00.5% (.00% plus a quarter of one %) From to % (.00% plus a quarter of one %) From to % (.00% plus a quarter of one %) From to % (.50% plus one %) From to % (.50% plus one %) From to % (.50% plus one %) From to % (.50% plus one %) From to % (.50% plus one %) From to % (.50% plus one %) From to..0.00% (.50% plus one %) From to..0.50% (.50% plus one %) From to..0.50% (.50% plus one %) From to..0.75% (.75% plus one %) From to % (.75% plus one %) YLKDIE 07.5

3 Annex : Table of pillar a fixed pension assets th are excluded from considerion when purchasing additional benefits (section 5..) Table for calculing the maximum a assets (under Art. 7 para A, BVV) by year of birth (beginning on January of the year in which the insured person reaches the age of 5) Year of birth Beginning and before 987 9,58 0,66,70,80,89 7, , ,97,7,86, ,989 8, 9,560 0,87,65, ,7 7, 8,509 9,00 0,7, ,8 65,068 7,6 8,579 9,50 0, ,659 56,7 65,00 7,59 8, 9, , 6,76 55,65 6,79 7,0 8, ,967 7,09 5,99 5,877 6,6 7, ,96 8,0 6,66 5, 5,698 6, ,07 8,909 7,75 6,05 5, 5, ,5 0,6 8,80 6,996 5,957 5, ,96 0,50 09'706 8'09 6,897 5, ,8 9,90 0,70 09,58 8,8 7, ,898 85,8 9,077 0, 09,7 8, ,88 77,56 85,98 9,5 0,585 0, ,789 69,707 77, 85,5 9,567 0, ,578 6,5 69,969 77,758 85,857 9, ,5 55,055 6,56 70, 78,09 86, ,9 7,90 55,0 6,889 70,79 78, ,75 0,86 8,0 55,58 6,9 7, ,690,906,096 8,5 56,08 6, ,885 6,965,05,0 8,76 56, ,6 0, 7,96,,68 9, ,566,79 0,6 7,05,5, ,68,6 0,05 7,50, ,68,5 0,97 7, ,79,596 0, ,79, ,768 For des other than December, interpole from the values for the nearest December. Calculion values Year Credit 6,566 6,68 6,68 6,79 6,79 6,768 Interest re.00%.00%.50%.50%.75%.75% YLKDIE 07.5

4 Annex Voluntary distribution of free funds and any employer-contribution reserves. Fundamentals Distribution is conducted in accordance with a resolution passed by the responsible body during the term of the contract. As part of the distribution plan, all group funds held in the pension scheme are included in the distribution plan, which takes account of the criteria and group of beneficiaries set out in section. Insured persons and pensioners are notified of the principal feures of the distribution.. Distribution plan.. Free funds As a general rule the distribution plan must be based on the following equally weighted criteria: a) age on the reference de b) last reported annual salary c) the retirement assets of active members and annuity capital of pensioners on the reference de d) number of full insurance years as the reference de. The greer the age, the higher the annual salary, the larger the retirement assets or annuity capital and the higher the number of insurance years, the larger the individual's share of the distribution. The following persons are included in the distribution: a) all active insured persons on the reference de b) all retirement and disability pensioners on the reference de c) all former insured persons who departed up to three years before the reference de... Free funds and reserves for employer's contributions If reserves for employer's contributions are to be distributed according to the employer's wishes, these are first alloced to the free funds, after any outstanding premiums have been settled, and distributed together in accordance with section... Implemention.. Timing of distribution If the distribution plan diverges from the principles set out in the arrangements pursuant to this Annex, it must be signed with full legal responsibility by the responsible body before being implemented. Otherwise the distribution plan can be implemented as soon as it has been prepared, with no need for a signure... Nure of the allocion Each beneficiary's share of the distribution is credited to his retirement assets or annuity capital. If it is not possible for pensioners' shares to be added to their annuity capital, the alloced share can be transferred to them directly. If it cannot be added to retirement assets because the beneficiary has been able to cite a reason for disbursement in cash, his share of the distribution is also directly transferred to him. If an allocion is not possible because the beneficiary has failed to provide transfer informion, his share is transferred to the Nional Substitute Pension Plan (Foundion) six months after the initial notificion of the proposed distribution.. Minimum amounts The Foundion sets minimum amounts for the total of distributable funds or for each beneficiary's share. 5. Costs If these minimum values are not reached, the group of beneficiaries is adjusted to keep the costs incurred down to a reasonable proportion of the distributable funds. The Foundion reviews the reasonableness of these measures on a periodic basis. The minimum amount of each beneficiary's share of the distribution may not fall below CHF 00 or exceed CHF 500. The preparion of a distribution plan and the distribution give rise to costs as per the currently valid cost regulions. Extraordinary expenditure on dealing with objections and complaints, particularly in connection with obtaining expert opinions, can be passed on to the pension scheme concerned. 6. Cases with no specific provision The Foundion deals with distribution cases not explicitly covered in this Annex by applying its provisions mutis mutandis, taking account of stutory regulions. YLKDIE 07.5

5 Annex Continuion of pension insurance. General The provisions of this annex are applicable for continuion of pension insurance beyond standard retirement age pursuant to section. SR up to a maximum age of 70, provided th an agreement to this effect (pension plan) has been entered into between the Pension Commission and the Foundion; this agreement constitutes an integral part of the participing employer's benefits structure. The pension arrangements in effect for the pension scheme are designed in accordance with the relevant Special Rules for Continued Insurance Cover (hereinafter referred to as SR CIC).. Insured persons Insurance is written the request of the individuals to be insured if - their employment relionship with the employer existed before they reached the normal retirement age and continues to exist beyond the normal retirement age, and - the annual salary earned and reported by the employer exceeds the enrolment threshold, and - they are fully fit for work upon reaching normal retirement age, and - they are not drawing disability to retirement benefits the time the continued pension insurance commences. For all individuals who wish to continue their pension insurance, the employer reports; - either only th portion of the insured person's annual salary th exceeds the applicable exemption (Art. 6quer AHVV - pay subject to AHV contributions) - or the insured person's effective annual salary without deducting this exempt portion. Persons who begin a new employment relionship with the employer after reaching the normal retirement age for the pension scheme are not permitted to enrol in the pension scheme or to transfer to it from another pension scheme.. Pension benefits Insured persons who continue to draw an effective salary in excess of two-thirds of the annual salary subject to AHV contributions upon reaching standard retirement age are not entitled to retirement benefits. Partial retirement is possible under the provisions of section.. paras. and 5 GR both upon and after reaching standard retirement age. An individual becomes eligible for insured retirement benefits upon terminion of employment with the employer or when his salary permanently falls below the minimum level (entry threshold). However, eligibility commences the lest on reaching age 70. Payment of retirement benefits commences on the first day of the following month. 5 Disability benefits are no longer covered. If the insured person subsequently becomes unfit for work, the retirement benefit under paragraph is paid no ler than six months thereafter. Survivor benefits are insured in accordance with the SR CIC. In the event of deh resulting from an accident, no entitlement to any insured additional lump sum payable deh. Other rules pursuant to SR CIC remain reserved.. Additional benefit purchases and promotion of home ownership 5. Divorce Benefits may be purchased provided this is not expressly excluded by SR CIC. However, the maximum amount of the additional benefit purchase corresponds to the maximum possible amount under the regulions up to the standard retirement age of the insured person (as sted in Annex of the SR CIC), minus the retirement assets already accrued the time of the purchase. Early withdrawal and pledging for home ownership promotion are not permitted. It is no longer permitted to repay early withdrawals made prior to the continuion of pension insurance. Any pledges existing the time the continued pension insurance commences remain in effect where they apply to retirement or survivor benefits under continued cover. Distribution or receipt of pension monies owing to a divorce is permitted, as are repurchases. 6. Terminion of the employment relionship Terminion of the insured person's employment relionship during the continuion of the pension insurance automically results in his/her retirement. As a result, retirement benefits become payable in place of departure benefits (section para. ). 7. Establishment and terminion of the enrolment relionship On establishment of the enrolment relionship, pension insurance for the relevant personnel from the previous pension scheme may continue unchanged with the Foundion. On terminion of the enrolment relionship, the personnel covered under the continued pension insurance will be transferred to the new pension scheme, provided the lter has expressly declared th it will take them over. Otherwise the entitlement to retirement benefits will take effect. 8. Validity; GR provisions This annex enters into force on the effective de of the pension plan governing continued pension insurance according to the SR CIC. In all other respects, the provisions of the GR apply. YLKDIE

6 Annex 5 Partial Liquidion Regulions. Partial or total liquidion.. Fundamentals If the pension scheme is partially or entirely liquided, there is an individual entitlement to its group funds in addition to transfer values. The pension scheme's group funds are its free funds plus, in the event of its total liquidion, such portion of the employer contribution reserves as is not required to meet outstanding contributions or costs... Requirements for partial liquidion of the pension scheme The preconditions for partial liquidion are presumed to have been met if: a) within one year there is a significant reduction in the workforce and consequently in the number of persons insured with the Foundion b) a restructuring of the employer's company results in a considerable number of individual departures c) as part of a restructuring of the employer's company a large number of insured persons transfers jointly to a new pension scheme (collective transfer); d) the enrolment contract is annulled but not all insurance policies are termined, a significant number of persons (pensioners) remaining covered by the Foundion. "Significant" in paragraph means th the number of persons affected by the reduction (clause a) or the transfer (clause b) or remaining insured by the Foundion (clause c) is as follows: to 9 persons - least 0%, 0 to 69 persons - least 5 %, 70 to 99 persons - 5%, 00 persons or more - least 0%.. Preconditions for total liquidion of the pension scheme The preconditions for total liquidion are met if: a) the employing company undergoes total liquidion; b) the employing company is declared bankrupt and consequently no longer exists... Reporting obligion in the event of partial or total liquidion All preconditions of partial or total liquidion must be reported to the Foundion without delay.. Distribution.. Fundamentals 5 In the event of a compulsory distribution prescribed by law, regardless of whether the departure is individual or collective, only individual entitlements to the distributable funds ever exist. The distribution plan for a compulsory distribution prescribed by law includes all group funds held in the pension scheme, and must take account of the criteria and group of beneficiaries set out in sections and. The reference de for distribution if the requirements have been fulfilled is - in accordance with section. para. a) the st December after the end of the year in which there was a substantial reduction in headcount and consequently in the number of insured persons; - in accordance with section. para. b) the st December following the decision taken by the employer; - in accordance with section. paras. c) and d) the last day of the month in which the collective transfer is made; - in accordance with section. para. d) the last day of the month in which the employment relionship is termined. Insured persons and pensioners are notified of the relevant feures of the distribution. They are entitled to submit legitime objections in writing within 0 days to the relevant Pension Commission (in the cases set out under section. paras. a) - c) or Allianz Suisse Life (in the case of section. para. d). Moreover, the insured persons concerned have the possibility to have the requirements, the procedure and the distribution plan reviewed by the relevant supervisory authority within 0 days by lodging a complaint, if their objections were not approved. If the decisive assets or liabilities change by least 5% between the reference de for the partial or total liquidion and implemention of the distribution plan, the distributable collective funds will be adjusted accordingly... Distribution plan on the partial liquidion of the pension scheme... Free funds As a general rule the distribution plan must be based on the following equally weighted criteria: a) age on the reference de b) last reported annual salary c) the retirement assets of active members and annuity capital of pensioners on the reference de d) number of full insurance years as the reference de. The greer the age, the higher the annual salary, the larger the retirement assets or annuity capital and the higher the number of insurance years, the larger the individual's share of the distribution. The following persons are included in the distribution: a) all active insured persons on the reference de b) all retirement and disability pensioners on the reference de c) all former insured persons who departed up to three years before the reference de... Distribution plan on the total liquidion of the pension scheme In the event of a compulsory legally prescribed distribution in consequence of the total liquidion of the pension scheme the distribution plan is prepared in accordance with the principles of section.. If on the total liquidion of the pension scheme employer-contribution reserves are also available, then after the deduction of outstanding premiums these are added to free funds and a distribution plan is prepared in accordance with the principles of section.... Implemention... Timing of partial or total liquidion The distribution plan is implemented after it has legally come into force. YLKDIE

7 The distribution plan is legally in force if: a) no beneficiary has submitted a written objection to the relevant authority pursuant to section. para. within the 0-day period stipuled in the initial letter of notificion b) beneficiaries have approached the regulory authority within the 0-day period stipuled in the initial letter of notificion, but their objections were informally rejected by the regulory authority and no tempt was made to obtain a contestable directive from the regulory authority within a further 0-day period of the informal rejection c) the regulory authority was asked for a contestable directive within 0 days of the informal rejection, and the ensuing legal proceedings resulted in the preconditions, the procedure and the distribution plan being pronounced legal.... Nure of the allocion Each beneficiary's share of the distribution is credited to his retirement assets or annuity capital. If it is not possible for pensioners' shares to be added to their annuity capital, the alloced share can be transferred to the beneficiary directly. If it cannot be added to retirement assets because the beneficiary has been able to cite a reason for disbursement in cash, his share of the distribution is also directly transferred to him.. Effective de These regulions come into effect with the approval of the responsible regulory authority on the de of the corresponding decision by the Board of Trustees. They apply to all partial liquidions as of this de which are reported to the Foundion after this de. If an allocion is not possible because the beneficiary has failed to provide transfer informion, his share is transferred to the Foundion receiving institution six months after the initial notificion of the proposed distribution..5. Minimum amounts The Foundion sets minimum amounts for the total of distributable funds or for each beneficiary's share. If these minimum values are not reached, the group of beneficiaries is adjusted to keep the costs incurred down to a reasonable proportion of the distributable funds. The Foundion reviews the reasonableness of these measures on a periodic basis..6. Costs The minimum amount of each beneficiary's share of the distribution may not fall below CHF 00 or exceed CHF 500. The preparion of a distribution plan and the distribution give rise to costs as per the currently valid cost regulions. Extraordinary expenditure on dealing with objections and complaints, particularly in connection with obtaining expert opinions, can be passed on to the pension scheme concerned..7. Cases with no specific provision The Foundion deals with distribution cases not explicitly covered in this Annex by applying its provisions mutis mutandis, taking account of stutory regulions. For partial liquidions prior to these regulions, the Partial Liquidion Regulions of November 006 apply (de of decree of the former regulory authority), taking the ordinance provisions of BVV/OPP amended on June 009 into account. YLKDIE