Tornos : Annual General Meeting approves all Board of Directors’ proposals

AD HOC ANNOUNCEMENT pursuant to Art. 53 LR

Moutier, April 13, 2022, 6.30 p.m.

Tornos Annual General Meeting approves all Board of Directors' proposals

As a result of the extraordinary situation due to the Covid-19 pandemic, the shareholders of Tornos Holding AG could not attend the 2022 Annual General Meeting on April 13, 2022, in person. They approved all the proposals of the Board of Directors.

The shareholders of Tornos Holding AG approved the annual report, consolidated financial statements, and financial statements for the 2021 financial year. They also agreed to the proposals to carry forward the balance sheet result to new account and to make a tax-exempt distribution of CHF 0.25 per share by means of a reduction in in the share capital.

François Frôté, Michel Rollier, Walter Fust and Till Fust were re-elected as members of the Board of Directors for a term of one year. The shareholders also confirmed François Frôté as Chairman of the Board of Directors. PricewaterhouseCoopers AG, Neuchâtel, was confirmed as statutory auditor for a further year. The shareholders also approved the total remuneration awarded to the Board of Directors and General Management for the period to the 2023 Annual General Meeting.

Upcoming publication dates

August 10, 2022

2022 Half-Year Report

Download ad hoc announcement pursuant to Art. 53 LRhttps://investors.tornos.com/en

Further information on Tornos can be found atwww.tornos.com

Contact:

Stéphane Pittet, Chief Financial Officer Tel. [phone],[e-mail]

Rolph Lucassen, Head of Marketing & Communications

Tel. [phone],[e-mail]

Company profile

Tornos Group is one of the global leaders for the development, production and distribution of Swiss-type automatic lathes and multispindle machines. The company's history dates back to 1880 and marked the beginning of Swiss-type lathe technology. The company primarily manufactures CNC sliding headstock Swiss-type automatic lathes, multispindle machines, and precision machining centers for complex parts. Tornos is headquartered in Switzerland. A worldwide sales and service network offers unique solutions to customers in the target automotive, medical and dental technology, micromechanics, and electronics industries. The Tornos Group employs around 640 persons (FTE's) in total.