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There are currently two BKW Group companies listed on the SIX Exchange and the Berne eXchange: BKW Inc. and BKW FMB Energy Ltd. BKW is the holding parent company and in this capacity also controls BKW FMB Energy Ltd., in which the whole operative business of the BKW Group is currently concentrated. The intention is to split certain business activities into sister companies of BKW FMB Energy Ltd. from 2013 at the earliest.

The current holding structure emanates from an exchange of shares in the context of a public swap offer under which holders of shares in BKW FMB Energy Ltd. were invited to exchange their shares for shares in BKW Inc. (at an exchange ratio of 1:1). For the remaining BKW FMB Energy Ltd. shares in free float, BKW Inc. has opened an invalidation process according to Art. 33 of the Stock Exchange Law. 

Once the commercial court has announced its decision, the squeezed-out holders of BKW FMB Energy Ltd. shares will receive new BKW Inc. shares in the ratio of 1:1. BKW FMB Energy Ltd. shares are being delisted from the SIX Swiss Exchange and the BX Berne eXchange on 20 April 2012, with 19 April 2012 being the final day for trading BKW FMB Energy Ltd. shares on the SIX Swiss Exchange.

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