Genolier Swiss Medical Network SA (GSMN) takes note of the fact that the Hubert shareholder group intends to present a public offer of CHF 19 per share

Genolier Swiss Medical Network (GSMN)  / Key word(s): Offer/Offer

20.01.2011 07:00

Release of an ad hoc announcement pursuant to Art. 72 KR

The Board of Directors has been informed about the intention of its
Managing Director, Mr. Antoine Hubert, to launch a public offer to the
shareholders of the company at a price of CHF 19 per share together with
another investor.

Mr. Hubert has outlined to the Board of Directors that the objective of the
transaction is to provide an exit possibility to shareholders who do not
wish to follow the Genolier Group in its current development and
acquisition policy anymore. It is not a goal of the transaction to delist
GSMN or to modify the operational structure of the Genolier Group. It is
foreseen that the offer will be presented by M.R.S.I. Medical Research,
Services & Investments S.A. (MRSI), a company based in the Canton Valais.

At its meeting on 18 January 2011, the Board of Directors has decided to
provide the necessary information to MRSI in order to prepare documents
required by Swiss regulation regarding public takeovers. Antoine Hubert has
not participated in the deliberations and decision-making process of the
Board of Directors regarding this issue and he will not do so in the

The Board of Directors will prepare and submit a report on the transaction
within the timelines given by Swiss regulation regarding public takeovers.

Genolier Swiss Medical Network SA (GSMN) is a major network of private
clinics in Switzerland. Its growth strategy focuses on the creation of a
national network through the acquisition of clinics and the restructuring
of their operations. GSMN's main aim is to offer first class hospital care
to Swiss and foreign patients. The distinctive features of GSMN include its
high quality services, its brand value, a pleasant working environment and
an experienced management team with an entrepreneurial approach. GSMN
currently operates six private establishments in Switzerland (Clinique de
Genolier, Clinique Bethanien, Clinique Générale, Clinique de Montchoisi,
Clinique Valmont and Centre médico-chirurgical des Eaux-Vives) with around
550 practising physicians and a workforce of 820. The Group is listed on
the Domestic Standard of the SIX Swiss Exchange (GSMN:SW).

Séverine Van der Schueren 
Phone 022 366 99 87 

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