Board of Directors of Julius Baer approves capital increase as part of consideration for IWM business Zurich, 22 January 2013 --- As the integration phase of the acquisition of Merrill Lynch's International Wealth Management (IWM) business outside the United States from Bank of America is expected to begin on 1 February 2013 with the Principal Closing, the Board of Directors of Julius Baer Group Ltd. today approved the execution of a capital increase out of authorised share capital. The share capital of the Company will be increased by CHF 142,048.14 through the issuance of 7,102,407 registered shares. The newly issued shares (excluding the preemptive subscription right of the existing shareholders) will be used exclusively as part of the consideration for the acquisition of the IWM business as announced on 13 August 2012. The capital increase is expected to take place on 24 January 2013. Contacts Media Relations, Tel. +41 58 888 8888 Investor Relations, Tel. +41 58 888 5256 About Julius Baer Julius Baer is the leading Swiss private banking group, focused on servicing and advising private clients. Julius Baer's total client assets amounted to CHF 274 billion at the end of October 2012, with assets under management accounting for CHF 187 billion. Bank Julius Baer & Co. Ltd., the renowned Swiss private bank with origins dating back to 1890, is the principal operating company of Julius Baer Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker symbol: BAER) and form part of the Swiss Market Index (SMI) of the 20 largest and most liquid Swiss stocks. Julius Baer employs a staff of over 3,600 in more than 20 countries and over 40 locations, including Zurich (head office), Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, Milan, Monaco, Montevideo, Moscow, Shanghai and Singapore. For more information visit our website at www.juliusbaer.com Provider Channel Contact Tensid Ltd., Switzerland newsbox.ch Provider/Channel related enquiries www.tensid.ch www.newsbox.ch firstname.lastname@example.org +41 41 763 00 50
Julius Baer Group: Board of Directors approves capital increase
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