In the accelerated book-building process, Cembra bought 1,801,801 shares (or 6.0% of the outstanding shares) at a price of CHF 55.50 each, representing the price determined in such book-building process resulting in a total cash outflow of CHF 100 million. This purchase of shares follows the intention communicated with the annual results on 26 February 2015 to use excess capital for share acquisition in case of a liquidity event by a major shareholder. The share purchase will be booked against retained earnings and will not reduce capital contribution reserves and therefore not affect Cembra's ability to make Swiss withholding tax free distributions.

The Board of Directors of Cembra will evaluate in due course on the use of the shares which will be held as treasury shares for the time being.

The sale of 31.54% of the share capital of Cembra results in additional Swiss issuance stamp tax of up to CHF 3.4 million before income tax (approximately CHF 2.7 million after income tax) and an additional nominal tax benefit of up to CHF 16.3 million (which will be recognized as an adjustment to shareholder's equity in the US GAAP financial statements).

Accordingly, Cembra's EPS guidance for 2015 is then adjusted to a new range of CHF 4.60 to 4.80¹ vs CHF 4.50 to 4.70¹ communicated previously.

After closing of the transaction the free-float in Cembra's shares will increase to about 94%.

GE's divestment will result in the termination of the Relationship Agreement between GE Capital Swiss Funding AG ("GE Capital") and Cembra, however Cembra will continue to work with GE Capital towards the completion of its IT transition and GE Capital's funding commitment towards Cembra will remain unchanged.