Public Tender Offer by Andermatt-Surselva Sport AG for all Shares in Sedrun Bergbahnen AG and Andermatt Gotthard Sportbahnen AG Successfully Concluded

The offer period regarding the tender offer by Andermatt-Surselva Sport AG, a wholly owned subsidiary of Orascom Development Holding AG (SIX: ODHN) for all shares in the ski lift companies Sedrun Bergbahnen AG (SB) and Andermatt Gotthard Sportbahnen AG (AGS) was successfully concluded on Friday, 17 August 2012. More than 95% of SB and AGS shares respectively had been offered for sale or exchange. The successful conclusion of the offer is a prerequisite for the implementation of the modernization and connection of the two ski resorts, Andermatt and Sedrun.
Bär & Karrer acts as legal advisor to Andermatt-Surselva Sport AG. The team of Bär & Karrer includes Thomas Reutter, Dieter Dubs, Daniel Heiniger, Claudio Bazzi, Kaspar Theiler, Sora Meyer and Adam El-Hakim as well as Raoul Stocker and Kevin Russi (tax).