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Press release

Confederation to issue convertible bond

08 December 2003

The Swiss Confederation today announced its intention to issue a bond convertible into registered shares of Swisscom Ltd. Details may be found in the publications of the Confederation and are obtainable from the banks commissioned by the Confederation. Swisscom Ltd will hold no stake in this bond.

Berne, 8 December 2003


Swisscom AG
Media Relations
3050 Bern