Fixing definitive terms for the convertible bond issue 2000-2005 of Feintool International Holding, Lyss (Berne), with advance subscription rights

After expiry on 15 February 2000 of the deadline for advance subscription rights, definitive conditions for the CHF 62 582 500 convertible bond issue 2000-2005 by Feintool International Holding, Lyss (CH) have now been established as follows:

The coupon has been fixed at 1 7/8 % and the conversion price is CHF 760 (closing price of the registered share on 15 February 2000: CHF 662). The conversion ratio is thus 3,29 Feintool International Holding registered shares per convertible bond with a par value of CHF 2500 Fractions will be paid out in cash.

With pleasure it has been noted that a substantial amount of the advance subscription rights have been exercised by existing shareholders. Since this bond issue has been oversubscribed, the issue is now terminated prematurely as of 15 February 2000.

The bonds will be listed on the SWX Swiss Exchange, provisional trading to start on 21 February 2000.

Valor: 1.042.639 ISIN: CH0010426390