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The Board of Directors of Julius Baer Group Ltd. will propose to the Ordinary Annual General Meeting on 7 April 2011 to fully charge the proposed distribution 2010 of CHF 0.60 per registered share to the new and also to be approved balance sheet item “share premium reserve”. This procedure has been approved by the Swiss Federal Tax Administration. Subject to the adoption of the proposals regarding the allocation of share premium reserves and the appropriation of disposable profit as well as the dissolution and distribution of share premium reserves by the Ordinary Annual General Meeting, the distribution of CHF 0.60 per registered share, which will not be subject to the Swiss withholding tax, shall be paid free of expense as of 14 April 2011.
Furthermore the Board or Directors will propose to the Ordinary Annual General Meeting to dispose of maximum CHF 500,000,000 from the balance sheet item “share premium reserve” for share repurchases and subsequent cancellation of repurchased shares within the announced share repurchase programme.