Death of Mr Stefan Kudelski

Death of Mr Stefan Kudelski

Founder of the Kudelski Group and Honorary Chairman

Father of Mr André Kudelski, Chairman and CEO of the Kudelski Group

and of Mrs Marguerite Kudelski, member of the Board of Directors

Cheseaux, 28th January, 2013 - The Kudelski Group is deeply saddened to
announce that Mr. Stefan Kudelski, 84 years old, passed away on 26th January
2013. Founder of the Kudelski Group in 1951, Stefan Kudelski invented the
first portable professional recorder, the renowned "Nagra", which is still
today one of the most recognized brands in the sound recording domain.

Stefan Kudelski led the company since its foundation and until 1991, when his
son André succeeded as Chairman and Chief Executive Officer. Stefan Kudelski
was a member of the Board of Directors of Kudelski SA until 2006, and since
then served as its Honorary Chairman.

An exceptional inventor and a pioneer, Stefan Kudelski revolutionized the
world of sound recording by developing a range of world-renowned recorders
used in the radio, motion picture, television and security industries.

In 1983, he entered the hall of fame of motion picture and television by
receiving the John Grierson International Gold Medal, joining luminaries of
the Society of Motion Picture and Television Engineers that include Louis
Lumière, Thomas Edison, Lee de Forest, George Eastman, Walt Disney, Samuel
Warner, Léon Gaumont, Ray Dolby and Vladimir Zworkyin.

In the course of his career, he was awarded numerous distinctions among which
Oscars from the Academy of Motion Picture Arts and Sciences in 1965, 1977,
1978 and 1990, two Emmy Awards from the Academy of Television Arts and
Sciences in 1984 and 1986. He was also Doctor Honoris Causa from the Swiss
Federal Institute of Technology (EPFL) since 1986.

« Stefan Kudelski was one of those personalities who contributed to the
international reputation of Switzerland. Anyone who knew him could only be
impressed by his sharpness, his incredible culture, his curiosity and his
permanent sense of humor. Stefan Kudelski was more than a brilliant inventor;
he was a man of values, a fine mind that will live on with us for a long
time," declared Claude Smadja, Vice Chairman of the Board of Directors of
Kudelski SA.

"With the loss of Stefan Kudelski, our Group will miss its founder and the
inventor of the Nagra recorder. Stefan Kudelski defined our Group. The values
he stood for form the foundation of our company and its reputation today
across the five continents. Among those values, the determination to
demonstrate that technological challenges described as impossible are always
successfully achieved by teams that know no boundaries," said André Kudelski.

Contact:

Phil Mundwiller

Corporate Communications

021 732 01 81

Phil.mundwiller@nagra.com

Press release (PDF)
Communiqué de presse (PDF)

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