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Merger Notification - Announcement according to § 10 Cartel Act

40 North Latitude Master Fund Ltd.; Clariant Ltd.

BWB/Z-3736 29.11.2017

On 29.11.2017 the following merger was notified at the Federal Competition Authority:

Planed merger:

40 North Latitude Master Fund Ltd. (Grand Cayman, Cayman Islands), a private investment fund under management of 40 North Management LLC (New York, USA), directly holds a shareholding of approximately 6% and indirectly holds a shareholding of 15.1% (through White Tale Holdings LP) in Clariant Ltd. (Muttenz, Switzerland). 40 North Latitude Master Fund Ltd. intends to increase its existing shareholding in Clariant Ltd. by at least additional 4% leading to an overall shareholding (direct and indirect) in Clariant of more than 25%.

Industry sector:  Chemical industry

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 27.12.2017.

Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.

Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.