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President (1) Shaba23 May 2006 Swiss Official Gazette of Commerce Archive, Switzerland

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No 103 Tuesday, 30 May 2006 124th year : Volkart Holding AG, in W n t e r t h u r , CH-020 March 19910.253- 2, Acquisition and management of shareholdings, joint stock company (SHAB No. 54 of 17 March 2005, p. 22, pub. 2751096). Merger: Acquisition of the assets and liabilities of Volcom Holding AG, in Zug, (CH-177.177-4), pursuant to the merger agreement of 24 April 2006 and balance sheet as of 31 December 2005. Assets of CHF 10,875,137.30 and liabilities (foreign capital) of CHF 104,468.17 will be transferred to the acquiring company. Since the acquiring company holds all the shares of the transferring company, neither a capital increase nor a share allocation takes place. Retired persons and extincited signatures: ?????, ?????, von Winterthur, in Winterthur, with collective signature for two; ????????, ??????, von Winterthur, in Winterthur, member, without permission to subscribe. Registered persons new or mutating: ????, ???????, von Wohlen AG, in Illnau-Effretikon, President, with single signature [previously: with collective signature to two]. Diary No. 14318 of 23 May 2006 (03395434 / CH-020 March 19910.253-2)

This filing was translated from German to English. The filing refers to a past date, and does not necessarily reflect the current state. The current state is available on the following page: Volkart Holding AG, Winterthur, Switzerland.

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