We make our customers successful. - Oerlikon Barmag

6.5 Registrations in the share register. The company maintains a share register in which the details of
the owners and beneficiaries of the registered shares are recorded.
No entries may be made in the share register and no share certificates may be issued from the date on
which the invitation to the general meeting is issued until the day after the general meeting.
104
7. Changes of control and defence measures.
7.1 Duty to make an offer. If an investor acquires a minimum of 331 ⁄ 3 of the capital and voting rights
of Saurer Ltd., there is an obligation to submit a public tender offer.
7.2 Clauses on changes of control. Under a change of control provision, some executives have provisions
whereby their normal contractual severance of 12 months is extended by 6 months. Severance of
executives in Italy according to the law can be as long as 24 months.
8. Auditors.
8.1 Mandate and term of office. The group auditors PricewaterhouseCoopers AG, St.Gall, were first
appointed as group auditors for the financial year 1990. The auditor-in-charge, Mr. Daniel Ketterer first
took up office for the financial year 2003.
8.2 Audit fees. The total audit fee charged by PricewaterhouseCoopers worldwide for the financial year
2003 amounts to EUR 1 340 000 (2002: EUR 1 278 000). The audit fees charged by other auditors for
the financial year 2003 amount to EUR 115 000 (2002: EUR 93 000).
8.3 Other fees. Fees charged by PricewaterhouseCoopers in respect of non-audit work for the financial
year 2003 amount to EUR 237 000 (2002: EUR 151 000).