Bank Julius Baer Singapore served with a Writ - contesting the claim vigorously 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. 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 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 www.juliusbaer.com Provider Channel Contact Tensid Ltd., Switzerland newsbox.ch Provider/Channel related enquiries www.tensid.ch www.newsbox.ch email@example.com +41 41 763 00 50
Bank Julius Baer Singapore served with a Writ - contesting the c
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