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Carlo Gavazzi is covered by the analyst listed below. Please note that any opinions, estimates or forecasts regarding Carlo Gavazzi's performance made by this analysts are his alone and do not represent opinions, forecasts or predictions of Carlo Gavazzi's management. Carlo Gavazzi does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

Zürcher Kantonalbank
Richard Frei
+41 44 292 34 20