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Victory under no obligation to make full tender offer for Unaxis

Pfäffikon SZ, July 1, 2005 – In a letter dated July 1, 2005, the Swiss Federal Banking Commission dismissed the proceedings that would have forced a full tender offer to the shareholders of Unaxis Holding Inc., Pfäffikon SZ, under Article 32 of the Stock Exchange Act. As a result, Victory Industriebeteiligung AG, Vienna, bears no obligation to make a public offer for the outstanding shares of Unaxis Holding Inc.

For further information, please contact:

Sara Vermeulen-Anastasi

Sara Vermeulen-Anastasi

Head of Group Communications

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