Genolier Swiss Medical Network (GSMN) / AGM/EGM/AGM/EGM 11.06.2010 11:14 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Genolier, 10 June 2010 - At yesterday's Annual General Meeting 2010 the shareholders of Genolier Swiss Medical Network SA voted for a new leadership. The shareholders followed the criticism of Lincoln Vale, who expressed its disappointment about the past performance of GSMN and believe that the company's true potential has not yet been exploited. Managing Director Antoine Hubert got voted down as was Chairman Raymond Loretan as well as Antoine Kohler. The majority of the shareholders only expressed faith in the existing board members Prof. Dr. Hans-Reinhard Zerkowski, Dr. Michael Schroeder and Robert Pennone. Berney & Associés S.A. was elected as new auditor of the company. Due to the submission of a wrong voting card five proposed new board members were not elected. Although it was noticed immediately, chairman Loretan decided not to recognize the apparent mistake. The former board was granted discharge. 'After an unsatisfactory 2009 a majority of the shareholders felt it appropriate to replace the leadership to fully exploit the potential of the company', said Prof. Dr. Hans-Reinhard Zerkowski, taking responsibility as Managing Director to guarantee continuity. 'Strengthening care and physicians will allow us to fulfill patient's demands on the highest level', he added. In 2009 Genolier reported revenues of CHF 139m, with an EBITA of CHF 8.8m and an EBIT of CHF -0.17m. Including CHF 3.0m from discontinued operations, Net Profit 2009 amounted to CHF 1.9m. New Operational Management At its first meeting following the election the new Board of Directors decided to relieve Managing Director Antoine Hubert and Operational Director Valérie Dubois-Héquet of their operational duties. They were replaced with immediate effect by Prof. Dr. med. Hans-Reinhard Zerkowski and François Brot. Prof. Zerkowski, who replaces Antoine Hubert as Managing Director, is a professor of cardio-thoraic surgery, and CEO of Lifebridge Medizintechnik AG, Ampfing (Germany). He holds a doctor's Degree of Medicine (MD) and was a full professor in Germany as well as Basel (CH). He has served on the Board of Directors of Genolier Swiss Medical Network SA since June 2008. François Brot served as CEO of the Clinique Permanence Medico-Chirurgicale de Chantepoulet, Geneva, since 2009. He has a long experience in the health care field. He led several restructuring projects and mergers of hospitals. Brot started his career in the financial industry as member of the UBS management team for the French part of Switzerland. About Genolier Swiss Medical Network SA Genolier Swiss Medical Network SA is a major private hospital network in Switzerland, listed on the main segment of the Swiss Stock Exchange SIX (GSMN:SW). The group's growth strategy focuses on the development of a national hospital network through the acquisition of clinics and the integration of their operations. GSMN's main goal is to provide top-quality hospital care to Swiss and foreign patients. GSMN manages six private hospitals in Switzerland: Clinique de Genolier, Clinique de Montchoisi, Clinique Valmont, Clinique Générale, Centre medico-chirurgical des Eaux-Vives and Privatklinik Bethanien. The total number of beds of the six clinics is 501. The group employs 1072 staff members. In 2009 GSMN reported revenues of CHF 139m, an EBITDA of CHF 8.8m and a Net Profit of CHF 1.9m. For further information Sacha Wigdorovits Contract Media AG T +41 44 209 60 00 M +41 79 404 17 05 E sacha.wigdorovits@contractmedia.ch 11.06.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------