Employees of Swisscom can participate in the company´s profits through special share/option programmes. All staff members covered by the collective employment agreement have been given an opportunity to buy Swisscom shares at a reduced price. Each employee was offered a maximum of 10 shares at a price of CHF 240 with a holding period of one year. In addition, the share/options programme, which was launched in 2001, is to be continued for middle and senior management. In connection with the employee participation scheme and the share/options programme, Swisscom will buy back up to 150,000 of its own shares on the open market.