The Board of Directors of Adval Tech Holding Ltd is composed of the following members:

Walter Grüebler (Chairman), born 1942, Swiss; PhD (Econ.) St. Gall; member of the Executive Board of Alusuisse, Zurich (1990–1999), CEO of Sika AG, Baar (2000–2004), Chairman of Sika AG (since 2004); director since 1997, non-executive, term of office expires at the AGM for the 2011 fiscal year.

Michael Pieper (Vice Chairman), born 1946, Swiss; MA (Econ.) St. Gall; owner and CEO of the Franke Group (since 1989); director since 2004, non-executive, term of office expires at the AGM for the 2009 fiscal year.

Leonardo Attanasio, born 1942, German; MBA; CEO of Johnson Controls GmbH, Burscheid, Germany (1996–2004), Chairman of the Supervisory Board of Industriale Sud, Teramo, Italy (1997–2004), supervisory board of JC INSITU Beteiligungsgesellschaft mbH, Grefrath, Germany, independent consultant (since 2006); director since 2005, non-executive, term of office expires at the AGM for the 2010 fiscal year.

Hans Dreier, born 1953, Swiss; MBA FH; executive director since 1988, Head of Marketing and Logistics at the Adval Tech Group, Niederwangen, term of office expires at the AGM for the 2011 fiscal year.

Willy Michel, born 1947, Swiss; Dr. h.c.; CEO of Novo Nordisk Switzerland (1978–1984), co-founder, Chairman of the Board of Directors and CEO of Disetronic Ltd, Burgdorf (1984–2003), Chairman of the Board of Directors of Ypsomed Holding Ltd, Burgdorf (since 2003); director since 2007, non-executive, term of office expires at the AGM for the 2009 fiscal year.

Roland Waibel, born 1958, Swiss; PhD; various executive positions at the Lonza Group, Basel, including Group-Controller, CFO and Senior Vice President, Corporate Development (1989–2006), CFO of the Omya Group, Oftringen (since 2006); director since 2005, non-executive, term of office expires at the AGM for the 2010 fiscal year.

Walter Grüebler and Michael Pieper are members of the Nominations and Compensation Committee. This committee prepares personnel planning at board and group management level. This includes specifying the criteria for candidate searches and preparation of their selection as well as succession planning and talent development. It assesses the performance of group management for the attention of the Board of Directors and stipulates the remuneration of group management. It also submits proposals for the compensation of the Board of Directors. The Nominations and Compensation Committee meets as often as business requires, but at least once a year. The CEO usually attends its meetings in a consultative capacity. Two meetings were held in 2008. The meetings usually last one to two hours.

Roland Waibel and Hans Dreier are members of the Audit Committee. This committee is responsible for reviewing the annual financial statements and other financial information. It discusses the results of audits with the external auditors, reviews the internal control system, risk management and compliance with laws and directives. On the application of the CFO it approves the budget for auditing fees and assesses the compatibility of auditing activities with other advisory mandates. The Audit Committee submits a proposal to the Board of Directors for the attention of the annual general meeting regarding the election of auditors. The CFO and if necessary the CEO usually attend the meetings in a consultative capacity. The Audit Committee meets as often as business requires, but at least twice a year. Three meetings were held in 2008. The meetings usually last two to four hours.