The financial statements of gategroup Holding AG, Opfikon (the “Company”), are prepared in accordance with the provisions on accounting and financial reporting (Art. 957 to Art. 963b) of the Swiss Code of Obligations. The Company has prepared its Consolidated Financial Statements in accordance with a recognized accounting standard (IFRS as issued by the IASB). It has been decided to forego presenting a cash flow statement as permitted by the law.