Code of Ethics

Integrity is the core of SGS; it is the common thread through all our activities. Our ethical compliance program is based on our Code of Integrity and Professional Conduct, to ensure the highest standards of integrity are applied to all of our activities worldwide in accordance with international best practice. It has been approved by the SGS Board of Directors and our Operations Council and all SGS employees have been trained in it.

The purpose of this Code is to lay down rules of behavior and to provide guidance in our day-to-day business. These rules apply to all employees of SGS. Our joint venture partners, agents, intermediaries, consultants and subcontractors are also required to comply with them. It is the responsibility of all of us at SGS, at all levels of our organization, to live by our Code.

It is explained in detail at www.sgs.com/about_sgs/code_english.htm and can be summarized by the following common sense principles:

• Do not do anything which you know or believe to be illegal or unethical
• Do not use any Company property for your own benefit
• Do not engage into any transaction which does not have a genuine, legitimate business purpose
• Ask yourself whether any contemplated transaction or business practice would withstand the scrutiny of the public eye if exposed
• Do not do anything which could require you to be untruthful
• Seek advice when in doubt