From: jeffrey E. <[email protected]>
From: jeffrey E. <[email protected]>
Sent: Tuesday, June 23, 2015 11:13 PM
To: A. de Rothschild
Subject: Re: Tr. Julius Baer to take preliminary provision of USD 350 million for its eventual
settlement with the U.S. Department of Justice regarding its legacy U.S. cross-border
business
as I said there is no decsion you can make that will=effect so much of a dollar differnece than he DOJ matter, =AO it
makes all other issues ie bonuses, wine , hotel p=le in comparison.
On Tue, Jun 23, 2015 at 7:04 PM, A. de Rothschild -MlOa > wrote:
a»
Date: 23 juin 2015 18:27:23 UTC+2
Destinataire:="A. de Rothschild" l=l 1==> >, FIEVET Emmanuel
>>, AESCHLIMANN Y=es
<mailto: >, Pernollet Jean-Christophe
<mato
Objet: Tr: Julius Baer to take preliminary pro=ision of USD 350 million for its eventual settlement with the U.S.
Departm=nt of Justice regarding its legacy U.S. cross-border business
<=div>
Fyi
De: CHAP.'S, Laurent
Envoye: mardi 23 juin 2015 18:0=
A: TOBIANO, Cynthia; COILLE, Fabrice; MARK Nicolas; =ARK, Nicolas
Objet: Julius Baer to take preliminary provis=on of USD 350 million for its eventual settlement with the
U.S. Department=of Justice regarding its legacy U.S. cross-border business
If the email looks unformatted, please u=e this alternative
I ink<http://r2. newsbox.ch/d 13/sh/rd22303/p63051/c2369/ntual_settlement_with=the_u.s._department_of_justice_reg
ardi ng_its_legacy_u.s._cross-border_busi=ess.1138-183-544-0-5.htm I
chttp://r2.newsbox.ch/d13/shird22303/.63051/c2369/ntual_settlement_with_the_u.s._department_ofjustice_regard
ing.its_legacy_u.s._cross-border_business.1138-183-544-0-5.html»
=br>
(Julius Bar]<http=//r2.newsbox.ch/d13/shird22304/p63051/c2369/www.juliusbaer.com
chttp://r2.newsbo..ch/d13/sh/rd22304/p63051/c2369/www.juliusbaer.com»
EFTA_R1_01623317
EFTA02498079
MEDIA RELEA=E
Julius Baer Group Ltd.
=/span>
Julius Baer to take prel=minary provision of USD 350 million for its eventual settlement with the U.S.
Department of Justice regarding its legacy U.S. cross-border businessq=pan>
Today, Julius Baer has announced its decision to take a preliminary=provision of USD 350 million for its
eventual settlement with the U.S. Dep=rtment of Justice (Dal) regarding its legacy U.S. cross-border business.</=pan>
Zurich, 23 June 2015 — The decision to take a preliminary p=ovision at this time is the result of Julius
Baer's recent discuss=ons with the DOJ regarding its eventual, comprehensive and final settlemen= of the DOJ's
investigation of Julius Baer's legacy U.S. c=oss-border business. These settlement discussions have now sufficiently
ad=anced to enable Julius Baer to make a preliminary assessment of a probable=and approximate amount required to
reach a settlement with the DOJ.=br>
The preliminar= provision of USD 350 million will be charged to the 2015 half-year result=. If the amount
had been provisioned at the end of April 2015, the Group=E2 s BIS total capital ratio would have been 20.9% and its BIS
tier 1=capital ratio 19.6%.
Noting that estimates are by their nature based on judgment, =urrently available information and a
variety of other factors, the amount =f the provision reflects Julius Baer's existing understanding and =he present state
of the preliminary discussions with the Dal regarding the=amount of an eventual settlement and may be subject to
change. Whilst ther= is no defined timetable for a final settlement, Julius Baer continues to =ork towards closing this
regrettable legacy issue as soon as possible.
Julius Baer=E2 s 2015 half-year results will be published on 20 July 2015.=br>
Contacts
Media Relatio=s, Zurich, tel. +41 (0) 58 888 8888 <tel:%2841%20%280%29%2058%20888%208888>
4=pan>
Investor Relations, tel. +41 (0) 58 888 5256=/a> <tel:%2B41%20%280%29%2058=20888%205256>
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About Juli=s Baer
Julius Baer is the leading Swiss p=ivate banking group, with a focus on servicing and advising
sophisticated =rivate clients and a premium brand in global wealth management. Julius Bae='s total client assets
amounted to CHF 376 billion at the end of A=ril 2015, including CHF 289 billion of assets under management. Bank Juliu=
Baer & Co. Ltd., the renowned Swiss private bank which celebrates its=125th anniversary in 2015, is the principal
operating company of Julius Ba=r Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker sy=bol: BAER)
and are included in the Swiss Market Index (SMI), comprising th= 20 largest and most liquid Swiss stocks.
Julius Baer employs a staff of over 5,00=, including more than 1,000 relationship managers, and is
present in over =5 countries and some 50 locations. Headquartered in Zurich, we have office= in key locations including
Dubai, Frankfurt, Geneva, Hong Kong, London, L=gano, Monaco, Montevideo, Moscow, Singapore and Tokyo. Our client-
centric =pproach, our objective advice based on a unique open product platform, our=very strong financial base and our
entrepreneurial management culture make=us the international reference in private banking.
=br>
For more information visit our =ebsite at www.juli=sbaer.com <http://www.juliusbaer.com>
Edit
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Julius Baer Group Ltd.Bahnhofstrasse 36, P.O. Box, 8010 Zurich, Switzerland
T +41(0) 58 888 1111 <tel:%2B41%20%280%29%2058%20888%201111> , F +41(0) 58 =88 5144
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Jegarding_its=legacy_u.s._cross-border_business.1138-183-544-0-5.html
<httpl=r2.newsbox.ch/d13/sh/rd22303/p63051/c2369/ntual_settlement_with_theu.s._d=partment_of_justice_regar
ding_its_legacy_u.s._cross-border_business.1138-1=3-544-0-5.html»
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[Image 1] The image shows a document with text, which appears to be a page from a book or a manual. The text is too small to read clearly, but it seems to be related to a professional or technical subject, possibly related to finance or business management. There are no visible names, dates, places, or logos that can be discerned from this image. The document is presented in a portrait orientation.
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