LifeWatch AG: Newly composed Board of Directors assumes operational management and initiates a comprehensive analysis of the Group

LifeWatch AG: Newly composed Board of Directors assumes operational management and initiates a comprehensive analysis of the Group

• Elaboration of proposals for improvement until next ordinary Annual General Meeting on May 28, 2014

• Antoine Hubert appointed Vice Chairman of the Board of Directors

• CEO Dr. Yacov Geva released of CEO function with immediate effect

• Dr. Stephan Rietiker appointed Delegate of the Board of Directors

Neuhausen am Rheinfall, January 31, 2014 - Following today's ordinary Annual General Meeting for the fiscal year 2012 the newly composed Board of Directors of LifeWatch (SIX Swiss Exchange: LIFE) met for the first time. Antoine Hubert was appointed Vice Chairman of the Board of Directors and Thomas Rühle was elected Chairman of the Compensation Committee. Patrick Schildknecht, Thomas Rühle and Antoine Hubert form the new Audit Committee which is being chaired by Antoine Hubert.

Furthermore, it was decided that Dr. Yacov Geva be released of his CEO function with immediate effect. The Board of Directors will manage company operations on an ad interim basis until further notice and has therefore appointed Dr. Stephan Rietiker as Delegate of the Board of Directors, effective immediately. Day-to-day operations and existing co-operations will continue within the proven framework.

Simultaneously the new Board of Directors intends to analyze the company in detail over the coming four months and to elaborate proposals to put LifeWatch back on solid grounds and to unlock growth potential. The Board of Directors will present the results of this examination no later than the next ordinary Annual General Meeting scheduled for May 28, 2014 in Zurich. At the occasion of this next General Meeting the Board intends to present other independent Board candidates.

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About LifeWatch AG:

LifeWatch AG, headquartered in Neuhausen am Rheinfall and listed on SIX Swiss Exchange (LIFE), Switzerland, is the leading healthcare technology and solution company, specializing in advanced telehealth systems and wireless remote patient monitoring services. LifeWatch services cater to individuals, ranging from high-risk and chronically ill patients, to consumers of health and wellness products. LifeWatch AG has operative subsidiaries in the United States, in Switzerland and in Israel and is the parent company of LifeWatch Services Inc., and LifeWatch Technologies, Ltd. LifeWatch Services, Inc. is a leading US-based provider of cardiac monitoring services and home sleep testing of Obstructive Sleep Apnea (OSA). LifeWatch Technologies Ltd., based in Israel, is a leading developer and manufacturer of telemedicine products. The Company is planning to introduce the LifeWatch V, an Android-based smartphone with medical sensors and apps that uses a cloud-based service platform. For additional information, please visit www.lifewatch.com.

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This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding future results of operations and financial position, business strategy and plans and objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect" and similar expressions are intended to identify forward-looking statements. LifeWatch AG has based these forward-looking statements largely on current expectations and projections about future events and financial trends that it believes may affect the financial condition, results of operations, business strategy, short term and long term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances described may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. All forward-looking statements are based only on data available to LifeWatch AG at the time of the issue of this press release. LifeWatch AG does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF SECURITIES OF LIFEWATCH AG OR ANY OF ITS SUBSIDIARIES FOR SALE IN THE UNITED STATES OR AN INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES OF LIFEWATCH AG OR ITS SUBSIDIARIES IN THE UNITED STATES. IN ADDITION, THE SECURITIES OF LIFEWATCH AG AND ITS SUBSIDIARIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS. ANY PUBLIC OFFERING OF SECURITIES TO BE MADE IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM LIFEWATCH AG OR ITS SUBSIDIARIES, AS APPLICABLE, AND WILL CONTAIN DETAILED INFORMATION ABOUT THE ISSUER AND ITS MANAGEMENT AS WELL AS FINANCIAL STATEMENTS OF THE ISSUER.

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