Basel, 8 July 2005. As Global Equity SA, Grabenstrasse 25, 6340 Baar (CH) - a subsidiary of PICO Holdings Inc., La Jolla, CA 92037 (USA) - informed us on 6th July 2005, the company now holds 33,473 registered shares from MCH Swiss Exhibition (Holding) Ltd., corresponding to 6.966 % of share capital.
MCH Swiss Exhibition (Holding) Ltd.
CH-4005 Basel
Christian Jecker
Corporate Communication
+41 58 206 22 52