Bank Julius Baer Singapore served with a Writ - contesting the c

Bank Julius Baer Singapore served with a Writ - contesting the claim

On 22 July 2013 Julius Baer Group Ltd disclosed in its Half-year Report 2013
that on 12 June 2013 a writ of summons (together with a statement of claim)
(the 'Writ') had been filed in the High Court of Singapore naming Bank Julius
Baer & Co Ltd. Singapore branch ('the Bank') and a former relationship
manager, respectively, as defendants by the plaintiffs, two former clients of
the Bank. At that point in time the Writ had not been served on the Bank. On
25 September 2013, the Writ was served on the Bank together with a statement
of claim.

The plaintiffs' claim amounting to about SGD 94 million and HKD 186 million
(further or alternatively, damages to be assessed by the court) plus interests
and costs stems from a dispute over alleged damages/losses allegedly incurred
by the plaintiffs arising from share accumulator transactions in 2007 and
2008. Based on the document called the statement of claim (Amendment No. 1),
the plaintiffs claim they suffered damages/losses due to (i) alleged breach of
fiduciary duties, (ii) alleged breach of duty of care and/or warranty, (iii)
alleged breach of contractual and common law duties of skill and care and/or
warranty and/or (iv) alleged misrepresentations (whether fraudulently or
negligently made).

Julius Baer is vigorously contesting the claim and taking appropriate measures
to defend its interests.


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Investor Relations, Tel. +41 58 888 5256

About Julius Baer

Julius Baer is the leading Swiss private banking group with a focus on
servicing and advising sophisticated private clients and a premium brand in
global wealth management. Julius Baer's total client assets amounted to CHF
304 billion at the end of June 2013, with assets under management accounting
for CHF 218 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 is currently integrating Merrill Lynch's International Wealth
Management business outside the US. This will increase the Group's presence to
more than 25 countries and 50 locations. Headquartered in Zurich, we have
offices from Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, Madrid,
Monaco, Montevideo, Moscow, Shanghai to Singapore.

For more information visit our website at

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