Sunrise announced today the launch of its initial public offering ("IPO") on the SIX Swiss Exchange with the publication of the offering and listing memorandum and the start of the bookbuilding process. Trading is expected to commence on 6 February 2015. With an offer size of CHF 1.6 billion, the Sunrise IPO constitutes by far the largest Swiss IPO of the last 10 years and the first IPO in the Swiss telecommunications sector since 1998.

Sunrise is the second largest telecoms company in Switzerland with a market share of 27% in the mobile phone sector and 9% in the broadband sector.

Niederer Kraft & Frey is acting as Swiss counsel to the Joint Global Coordinators, the Joint Bookrunners and the Co-Lead Manager. The NKF team comprises Philippe Weber, Daniel Bono, Christina Del Vecchio, Christine Hohl and Samuel Hochstrasser.