Julius Baer announces end of 2019 share buy-back programme and launch of new programme Montag, 01. März 2021 - 07:00

Zurich, 1 March 2021 – Julius Baer Group today announces the end of the share buy-back programme launched in November 2019. At the request of FINMA to the financial industry, the programme was suspended in March 2020 due to the COVID-19 pandemic. Under this programme, Julius Baer repurchased a total of 2,585,000 Julius Baer Group Ltd. shares at an aggregate cost of CHF 113 million on a second trading line on the SIX Swiss Exchange. The cancellation of the shares bought back under this programme will be proposed at the Annual General Meeting of shareholders (AGM) on 14 April 2021.

As announced on 1 February 2021, Julius Baer will start a new programme to buy back up to CHF 450 million purchase value of Julius Baer Group Ltd. shares. This share buy-back programme will be launched on 2 March 2021 and is expected to run until the end of February 2022. The execution is subject to market conditions. The shares will be bought via a second trading line on the SIX Swiss Exchange. Shares that have been repurchased under the new programme are expected to be cancelled through capital reduction to be proposed at the AGM in 2022.

More information on the completed 2019 share buy-back programme and the new share buy-back programme are available at www.juliusbaer.com/sharebuyback

Contacts

Media Relations, tel. +41 (0) 58 888 8888

Investor Relations, tel. +41 (0) 58 888 5256

About Julius Baer

Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on servicing and advising sophisticated private clients. At the end of 2020, assets under management amounted to CHF 434 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 are included in the Swiss Leader Index (SLI), comprising the 30 largest and most liquid Swiss stocks.

Julius Baer is present in over 20 countries and more than 50 locations. Headquartered in Zurich, we have offices in key locations including Dubai, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Mexico City, Milan, Monaco, Montevideo, Moscow, Mumbai, São Paulo, Singapore and Tokyo. Our client-centric approach, our objective advice based on the Julius Baer open product platform, our solid financial base and our entrepreneurial management culture make us the international reference in wealth management.

For more information, visit our website at www.juliusbaer.com