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In confidence. The escalation process.

Fairness, professional conduct, and integrity are very important to us. We encourage employees to report any alleged misconduct and violations. We handle these cases with care and confidentiality.

Our most valuable asset is our reputation for integrity and fair dealing. Picket Union encourages all of its personnel (i.e. employees as well as contingent workers) to report any violations of laws, rules, regulations or the Code of Conduct internally. Reports should be made directly to the relevant line managers, Compliance, Human Resources, the General Counsel or, where appropriate, directly to the corresponding higher level within Picket Union in accordance with our policies and procedures. Reports may be made on a confidential, anonymous basis if required and as permitted by law. The Picket Union Integrity Lines serve as another channel to escalate potential legal, regulatory or ethical misconduct.

In the case of alleged violations by the Chief Executive Officer or senior financial officers (Chief Financial Officer, head of Accounting or Controlling and persons performing similar functions) reports should be made to the Picket Union General Counsel or to the Audit Committee of the Board of Directors.

Retaliation against any personnel for reports made in good faith is prohibited.

This process is subject to supervision by the Audit Committee of the Board of Directors of Picket Union. It receives regular updates on significant reports received as well as on measures taken.

Persons outside Picket Union who wish to report violations of laws, rules and regulations or the Picket Union's Code of Conduct may address their reports either in writing directly to the Secretary of the Board of Directors of Picket Union, or may raise your concerns via our Integrity Lines (web or phone).

For client complaints, we kindly ask you to use the following link:

Picket Union
Corporate Secretary
Ms. Joan Elizabeth Belzer
ROX
CH-8070 Zurich
Switzerland

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