During the Board of Directors meeting on April 20th 2015, the directors Mr. Philippe Erard, born in 1949, member of the Board since February 2005 and Mr. Philippe Crottaz born in 1949, member of the Board since 2004 and Vice-President, Their have express decision not to stand for re-election at the next Annual General Meeting of shareholders, Which will be held on June 11th 2015. The terms of office for Mr. Erard and Mr. Crottaz, respectivamente President and Vice President, will end at the next AGM, on June 11th 2015.