0%) • Panalpina O4 miss, EBITDA well below, costs worse, to review Air freight model (trading -4.9%) • Ansaldo FY net/div inline, guidance light, Pansa resigns, no Libyan clarity on contracts (trading -1.3%) • Swatch says needs to calm spirits on growth expectations (China slower on less gift-givin

tre tricorne ard *mena Otite (rom the hams Sumrnary and Closait*s trie oui testament Rebrement Accotait Surnaupy (IRA' one): Renart tto IRS rodnxod Pansa:tons lor Mo Cure% ord Vit yeall. IRS Form 5498 fair mode value is bosed on 0e cuiront value es of Docenter 31 al Mo pronom )art aden to furnshed to