Today the Swiss Takeover Board issued a decision in the proceeding initiated by Bill and Melinda Gates Foundation Trust as well Cascade Investment with their request of March 5, 2015. The decision confirms that the opting out clause according to art. 5 of the articles of association of Sika AG applies to the proposed acquisition of Schenker-Winkler Holding AG and that Saint-Gobain and persons acting in concert with Saint-Gobain are not obligated to submit a public offer to the shareholders of Sika AG.