At the Annual General Meeting on July 5, 2005, the shareholders of Züblin Immobilien Holding AG approved the conversion of bearer shares into registered shares. The conversion will take place on 11 July 2005. The first day of trading for the new registered shares will also be 11 July 2005.
In addition, shareholders approved a capital reduction by means of a par value repayment of CHF 0.45, reducing par value from CHF 9.20 to CHF 8.75 per share. Payment is due to be made on 12 September 2005.
The General Shareholders' Meeting went on to elect Mr. Gerold Bührer, Dr. Heinz Hackl and Mr. Andrew Walker as new members of the Board of Directors. As envisaged, Dr. Henri B. Meier today stepped down.