Julius Baer Gruppe AG · SIX:BAER

Julius Baer Gruppe — Julius Baer Group — Corporate Update (January 2005)

11 slides from Julius Baer Gruppe's corporate update, Jan 17, 2005

1. Slide 1: Share unification and business update

   Share unification and business update Introduction of single-share structure (proposal to the AGM) Raymond J. Baer, Chairman Peter Kuepfer, Vice Chairman and Independent Lead Director Walter Knabenhans, CEO Press Conference Zurich, 17 January 2005

2. Slide 2: Rationale of share unification (1)

   Rationale of share unification (1) ƒ Julius Baer wants to establish a state-of-the-art capital structure ƒ Julius Baer has been a pioneer among Swiss private banks ƒ First to go public (1980) ƒ First to publish assets under management (1985) ƒ First to introduce flat fees (1990) ƒ First to be a genu

3. Slide 3: Rationale of share unification (2)

   Rationale of share unification (2) ƒ In the interest of all stakeholders ƒ Simple capital structure and improved corporate governance ƒ One share = one vote ƒ Creation of more transparency ƒ Increase of share liquidity and free float ƒ Better foundation for future growth ƒ Easier participation in ac

4. Slide 4: Key elements of share unification

   Key elements of share unification 1. Split of bearer shares 1:5 2. Conversion of bearer shares into registered shares 1:1 Î No restriction of transferability (no „Vinkulierung“)* Î No voting restrictions * Nominees may be registered as shareholders with voting rights of up to 2% of the share capital

5. Slide 5: Voting and economic rights

   Voting and economic rights Voting rights before unification Economic rights before unification 18% 52% 48% 82% Public Old family pool incl. Staff Old family pool incl. staff Public Voting and economic rights after unification >10% 18% 82% Old family pool incl. staff Public 5

6. Slide 6: Transaction schedule

   Transaction schedule ƒ 12 April 2005: AGM (instead of 11 May 2005) ƒ In addition to regular agenda: ƒ Share unification ƒ Complete change of articles of incorporation ƒ 15 April 2005: ƒ Ex-dividend ƒ 19 April 2005: ƒ New shares listed on SWX Swiss Exchange 6

7. Slide 7: Unchanged business model

   Unchanged business model Group ƒ Strategic leadership ƒ Performance targets ƒ Synergies across business lines Private Banking Asset Management Trading & Sales Offshore PB Fund distribution and inst. Equities - active consolidator in CH to asset management in expand leading position Fixed income Swit

8. Slide 8: Assets under management and net profit 2004

   Assets under management and net profit 2004 Net profit slightly AuM (CHF bn) above m arket + 16% consensus (CHF m ) 140 250 ~135* 211** 135 195 200 130 125 150 one- offs 120 116 100 115 50 82 110 105 0 2003 2004 2003 2004 * unaudited ** market consensus regularly assessed by Julius Baer and publishe

9. Slide 9: Summary

   Summary ƒ Julius Baer will convert to a new share structure … ƒ … and will continue ƒ to focus its business activities on wealth management ƒ to follow the business strategy as outlined ƒ to focus on long-term profitable growth ƒ to have above-average financial strength ƒ to manage its capital activ

10. Slide 10: Julius Baer. True to you.

    Julius Bar True to you.

11. Slide 11: Disclaimer

    Disclaimer C A U T IO N A R Y S TAT E M E N T R E G A R D IN G F O R W A R D -L O O K IN G IN F O R M AT IO N T h is p r e s e n ta tio n m a y c o n ta in p ro je c tio n s o r o th e r fo rw a rd -lo o k in g s ta te m e n ts r e g a r d in g fu tu re fin a n c ia l p e rfo rm a n c e a n d re s u

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