Ascom simplifies management structure

February 8, 2021

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR

As a part of the ongoing transformation of the Company, Ascom simplifies the management structure and reduces the Executive Board to two members, effective as of 9 February 2021. The new Executive Board will consist of the CEO Jeannine Pilloud and the CFO Dominik Maurer.

Claes Ödman, COO/Head of Global Functions, and Francis Schmeer, Chief Sales Officer/Head of Rest of World, both members of the Executive Board, will step down and leave the Company by mutual agreement in order to pursue new professional challenges outside Ascom.

The Board of Directors and the Executive Management thank Claes Ödman and Francis Schmeer for their commitments and valuable contribution in the last years and wish them all the best for their futures.

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This document does not constitute an offer or solicitation to subscribe for, purchase or sell any securities. This document is not being issued in the United States of America or the United Kingdom and should not be distributed in any jurisdiction in a manner where such distribution would not comply with regulatory requirements. In particular, this document may not be distributed into the United States, to United States persons or to publications with a general circulation in the United States. In addition, the securities of Ascom have not been and will not be registered in any jurisdiction outside Switzerland. The securities of Ascom may not be offered, sold or delivered and no solicitation to purchase such securities may be made within the United States or to U.S. persons absent an applicable exemption from the registration requirements of the United States securities laws or within any other jurisdiction and in a manner where such offer, sale, delivery or solicitation might not be in compliance with regulatory requirements (including the United Kingdom).

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