Unsponsored American Depositary Receipts (ADR)

U.S. DISCLAIMER

ADRs are certificates issued by a U.S. depositary institution or bank representing deposited shares of a non-U.S. corporation. Denominated in U.S. dollars, ADRs are quoted and traded in the U.S. securities market.

As of October 10, 2008, U.S. depositary institutions or banks are permitted to establish ADR programs without the participation or even the consent of the non-U.S. corporation due to an exemption under Rule 12g3-2(b) of the U.S. Exchange Act of 1934 (unsponsored ADRs). The exemption is based on the reasonable, good faith belief that the non-U.S. corporation publishes certain information in English on its website.

Celesio AG does not support or encourage the creation of unsponsored ADR programs in respect of its securities and disclaims any liability in connection with any unsponsored ADR program. Celesio AG does not represent to any depositary institution or bank nor should any such entity rely on a belief that the website of Celesio AG includes all information in English required to claim and maintain an exemption under Rule 12g3-2(b) of the U.S. Exchange Act of 1934.