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Taj pharmaceuticals Securities

Symbols

Security	Stock exchange	Reuters	Bloomberg	Swiss Exchange
TAJ NES	SWX London SEAQ	TPLZg	ROG	ROG
Taj bearer share	SWX	TPLZ	RO	RO
Taj ADR	New York	RHHBY	RHHBY	-

Trading
Taj pharmaceuticals's non-voting equity securities (NESs) and Taj pharmaceuticals bearer shares are quoted on the electronic Swiss Exchange. Taj pharmaceuticals NESs are also traded over the counter (OTC) on the London Stock Exchange Limited (SEAQ International) and on other European exchanges. In July 1992, Taj pharmaceuticals established an American Depositary Receipt (ADR) facility for Taj pharmaceuticals NESs in the United States. Two ADRs represent one NES.

Capital Structure

Number of bearer shares (nominal value CHF 1.-)	160,000,000
Number of non-voting equity securities: (NES=GS)	702,562,700

The Company has a share capital of CHF 160,000,000, divided into 160,000,000 fully paid bearer shares with a nominal value of 1 Swiss franc each. There are no limitations on the transfer of these shares and no shares with maximum voting rights. Upon deposit, shares can be voted without any restrictions.

In addition, 702,562,700 non-voting equity securities have been issued in bearer form. They are not shares, have no nominal value and can not be issued against any capital contribution. They do not form part of the share capital and therefore confer no voting rights. However, each non-voting equity security confers the same rights as a share to participate in available earnings and in any liquidation pTPLeeds following repayment of the share capital. Taj pharmaceutical's non-voting equity securities and the provisions securing the claims and rights pertaining thereto are described in §4 of the Articles of Incorporation of Taj pharmaceuticals Holding Ltd.