Genolier Swiss Medical Network SA (GSMN) decides a capital increase of 1’033’433 registered shares for a gross amount of CHF 19.6 million – M.R.S.I. supports the transaction and has the intention to subscribe 870’562 new shares

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

13.12.2011 07:15

Release of an ad hoc announcement pursuant to Art. 53 KR

The Board of Directors of the group of private clinics Genolier Swiss
Medical Network SA ('GSMN') decided on 12 December 2011 to conduct a
capital increase by offering subscription rights to the existing
shareholders. The share capital is to be increased by a maximum of CHF
5,167,165 through the issue of up to 1,033,433 new registered shares with a
nominal value of CHF 5 per share. The subscription price for each new
registered share has been set at CHF 19. The new registered shares will be
created from the authorized capital of GSMN.

Shareholders will be offered the right to subscribe one new registered
share for 6 existing registered shares. The subscriptions rights are not
tradable on the stock exchange. The subscription period runs from 14
December 2011 to 16.00 on 20 December 2011. The first trading day of the
new shares is foreseen on 23 December 2011. Delivery of the new registered
shares against payment of the subscription price should occur on 27
December 2011. M.R.S.I. supports the transaction and has the intention to
subscribe 870'562 new shares for a value of CHF 16.5 million.

Subject to the execution of the acquisition of Ars Medica Clinic and
Sant'Anna Clinica by GSMN, Sogeho International SA, the former owner of
both clinics, will become the second largest shareholder of GSMN in 2012 by
acquiring from M.R.S.I. a participating interest of maximum 553'000 GSMN

A higher level of equity is necessary to carry out the announced and
planned co-operations and takeovers. This issue of new shares will provide
GSMN with additional equity to implement its growth strategy.

Genolier Swiss Medical Network SA (GSMN) is the second largest 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. On 1 January 2012, GSMN will operate 10 private establishments in
Switzerland (Clinique de Genolier, Clinique de Montchoisi, Clinique
Valmont, Clinique Générale, Centre médico-chirurgical des Eaux-Vives, Ars
Medica Clinic, Clinica Sant'Anna, Privatklinik Bethanien, Privatklinik
Lindberg und Privatklinik Obach), with more than 1'000 practising
physicians and 1'600 employees. The Group is listed on the Domestic
Standard of the SIX Swiss Exchange (GSMN:SW).

This document does neither constitute an offer to buy or to subscribe for
securities of Genolier Swiss Medical Network SA nor a prospectus within the
meaning of applicable Swiss law. Investors should make their decision to
buy or to subscribe to securities solely based on the official offering and
listing prospectus published by Genolier Swiss Medical Network SA and
available free of charge from Bank Vontobel AG (telephone: +41 58 283 70
03, facsimile: +41 58 283 70 75 or email:
Investors are furthermore advised to consult their bank or financial
adviser before making any investment decision.

This document does not contain or constitute an offer to sell or a
solicitation of any offer to buy securities in the United States or in any
other jurisdiction in which such offer or solicitation is not authorised or
to any person to whom it is unlawful to make an offer or solicitation. The
securities of Genolier Swiss Medical Network SA have not been and will not
be registered under the United States securities laws and may not be
offered or sold in the United States absent registration or an exemption
from registration under the U.S. Securities Act of 1933, as amended.
Neither Genolier Swiss Medical Network SA nor its shareholders intend to
register any portion of the offering in the United States or conduct a
public offering of securities in the United States.

Not for release, publication or distribution in the United States of
America, Australia, Canada or Japan.

Séverine Van der Schueren 
General Secretary, GSMN
Tel. +41 22 366 99 87 

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