Julius Baer Group: Board of Directors approves capital increase

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

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