3.4 List of investments

Company name

Activity

Domicile

Share/paid-in capital1) Local currency 1,000

Shares held by Sonova Holding

Switzerland

Sonova AG

A,B,C,D

Stäfa

CHF

2,500

100%

Sonova Communications AG

B, C, D

Murten

CHF

500

100%

Verve Hearing Systems AG

A

Stäfa

CHF

100

100%

EMEA (excluding Switzerland)

Sonova Belgium NV

A, B

Asse Zellik (BE)

EUR

15,311

70%2)

Sonova Deutschland GmbH

B

Fellbach (DE)

EUR

41

85%2)

Sonova Denmark A/S

B

Middelfart (DK)

DKK

14,182

78%2)

Sonova Ibérica S.A.U.

B

San Vincente del Raspeig (ES)

EUR

7,000

100%

Sonova France SAS

B

Bron-Lyon (FR)

EUR

1,000

30%2)

SCI Du Triangle De Bron

A

Bron-Lyon (FR)

EUR

46

100%

Sonova Norway AS

B

Oslo (NO)

NOK

1,854

49%2)

Sonova Polska Sp. Z o.o.

B

Warsaw (PL)

PLN

100

100%

Sonova RUS LLC

B

Moscow (RU)

RUB

4,000

100%

Sonova Sweden AB

B

Solna (SE)

SEK

100

100%

Sonova UK Ltd.

B

Warrington (UK)

GBP

2,500

100%

Boots Hearing Care Ltd.

B

Llandudno (UK)

GBP

03)

51%

For significant indirect investments refer to Note 7.6 of the consolidated financial statements of Sonova Holding AG.

Description:

AHolding/Finance: The entity is a holding or finance company.

BSales: The entity performs sales and marketing activities for the group.

CProduction: This entity performs manufacturing for the group.

DResearch: This entity performs research and development activities for the group.

1)Share/paid in capital may not reflect the taxable share/paid-in capital amount and does not include any paid-in surplus.

2)The remaining shares are held by a subsidiary of Sonova Holding AG.

3)GBP 133

Company name

Activity

Domicile

Share/paid-in capital1) Local currency 1,000

Shares held by Sonova Holding

Americas

CAS Argosy Participações Ltda.

B

São Paulo (BR)

BRL

22,014

100%

Sonova Canada Inc.

B

Mississauga (CA)

CAD

03)

85%2)

Sonova Mexico Soluciones S.A. de C.V.

B

Ciudad de Mexico (MX)

MXN

94,050

85%2)

AudioNova Mexico S.A. de C.V.

B

Ciudad de Mexico (MX)

MXN

66,050

99%2)

Sonova United States Hearing Instruments, LLC

B

Aurora (US)

USD

03)

73%2)

Asia/Pacific

Sonova Hearing (Suzhou) Co., Ltd.

C

Suzhou (CN)

CNY

46,249

100%

Sonova (Shanghai) Co., Ltd

B

Shanghai (CN)

CNY

20,041

80%2)

Sonova Hearing India Pvt. Ltd.

B

Mumbai (IN)

INR

459

56%2)

Sonova Korea Ltd.

B

Seoul (KR)

KRW

50,000

100%

Sonova New Zealand (Wholesale) Ltd.

B

Auckland (NZ)

NZD

250

100%

Sonova Singapore Pte. Ltd.

B

Singapore (SG)

SGD

250

100%

Sonova Taiwan Pte. Ltd.

B

Zhonge City (TW)

TWD

3,100

100%

Sonova Operation Center Vietnam Co., Ltd.

C

Thuan An (VN)

VND

36,156,000

100%

Sonova Vietnam Company Limited

B

Ho Chi Minh City (VN)

VND

2,088,000

70%2)

For significant indirect investments refer to Note 7.6 of the consolidated financial statements of Sonova Holding AG.

Description:

BSales: The entity performs sales and marketing activities for the group.

CProduction: This entity performs manufacturing for the group.

1)Share/paid in capital may not reflect the taxable share/paid-in capital amount and does not include any paid-in surplus.

2)The remaining shares are held by a subsidiary of Sonova Holding AG.

3)Shares without par value