Strahm Sells Santex Shares Starts New Company

Holding AG, Switzerland, has purchased all shares held by Christian Strahm, founder and formerly
the largest single shareholder of the company. With the sale, Santex said, Strahm also has resigned
as director of the board.In related news, Strahm has announced the founding of Strahm Textile
Systems AG. The company, headquartered in Switzerland, will develop drying and thermobonding
convection ovens for textile and other industries. The company said new systems will be branded
with the name HiPer.

November 2003