Pfäffikon SZ, March 12, 2004 – The Justice Commission of the Zug Cantonal Superior Court today dismissed the appeal lodged by Classic Fund Management AG against the decree issued by the presiding judge of the Cantonal Court. The Justice Commission has thus upheld the lower court’s ruling that lifted the provisional ban Classic Fund Management AG had sought in effort to prevent commercial register entry of the merger between ESEC and Unaxis.
Based on the Justice Commission’s decision, the responsible commercial registrars have entered the merger into their commercial register. As soon as possible, Unaxis and ESEC will inform the public of the further steps that will be taken in this regard, in particular the time at which the exchange of shares and ESEC’s delisting are to take place. Further information on the merger will be provided at Unaxis’ annual media and analyst conference to be held on March 23, 2004.
This media release is based on information currently available to management. The forward- looking statements contained herein could be substantially impacted by risks and influences that are not foreseeable at present, so that actual results may vary materially from those anticipated, expected or projected.