• The group targets a dividend payout ratio of ~50% of adjusted net profit attributable to shareholders of Julius Baer Group Ltd. (for the definition of adjusted net profit please refer to www.juliusbaer.com/apm)
• Unless justified by significant events, the Group aims for a per-share ordinary dividend at least equal to previous year’s ordinary dividend per share
• In general, CET1 capital that is meaningfully in excess of a BIS CET1 capital ratio of ~14% at the end of a financial year is to be distributed through a share buy-back programme launched in the subsequent financial year, unless acquisition opportunities arise that are strategically consistent and financially attractive