RAG-Stiftung Beteiligungsgesellschaft mbH based in Germany subscribed the CHF 60,000,000 2.5% Hybrid Convertible Bonds issued by Siegfried Holding AG in order to finance Siegfried’s acquisition of significant elements of BASF’s pharmaceutical supply business. The bond was issued on 29 September 2015, and entitles RAG-Stiftung Beteiligungsgesellschaft mbH to convert the amount within five years into Siegfried Holding AG shares, corresponding to a stake in Siegfried of about 7%.