Bucher Industries AG has an issued share capital of CHF 2 113 180, divided into 10 565 900 registered shares with a par value of CHF 0.20 each. Bucher Industries AG has conditional, unissued capital of a maximum of CHF 236 820. There is no authorised capital.

The share capital of Bucher Industries AG may be increased by issuing a maximum of 1 184 100 registered shares with a par value of CHF 0.20 each for a total of CHF 236 820. The conditional capital is reserved for the exercise of warrants or conversion rights attached to bonds and of options rights granted to shareholders. Shareholders have no subscription privilege. Holders of options or conversion rights are entitled to subscribe for new shares. No such rights are outstanding at present.

Option or conversion terms are determined by the board of directors. The board is authorised to suspend shareholders' preemptive rights for good cause, as provided in article 653c par. 2 of the Swiss Code of Obligations, when issuing bonds with warrants or conversion rights. In such cases, the board is respon sible for specifying the structure, life and amount of the issue as well as the option or conversion terms according to market conditions at the time of issue.

There were no changes in capital in the last three reporting years.

Bucher Industries AG has an issued share capital of CHF 2 113 180, divided into 10 565 900 registered shares with a par value of CHF 0.20 each. All shares are fully paid-up and rank for dividend. Each share carries one vote at general meetings of shareholders. Bucher Industries AG has not issued any participation certificates or profit-sharing certificates.

The registered shares are not subject to any restrictions on ownership or transferability. Pursuant to the articles of association of Bucher Industries, the board has established principles for the registration of nominees. Persons who fail to expressly state in the application for registration that the shares are held for their own account (hereinafter nominees) will be registered as shareholders with voting rights in the share register up to a maximum of 2 % of the share capital then outstanding, provided that such persons entered into a nominee agreement with Bucher Industries AG prior to registration as a shareholder. If the 2 % limit is exceeded, registered shares of nominees will be entered with voting rights only if the nominee agrees in writing to disclose the names, addresses and shareholdings of the persons for whose account the nominee holds 0.5 % or more of the share capital then outstanding. The 2 % limit also applies to nominees who are affiliated by capital or votes, through common management or otherwise.

Bucher Industries AG does not have any outstanding convertible bonds. Share options granted under the share option plan for members of the group management and division managements are shown on pages 22 to 23 of this annual report. The shares required to meet awards are purchased in the open market and held by Bucher Beteiligungs-Stiftung.