Julius Baer to Limit Rights Offer to CHF 500 Million

Regulatory News:

The Board of Directors of Julius Baer Group Ltd. (SWX:BAER) has today approved the invitation and the agenda to be published for the Extraordinary General Meeting (EGM) of shareholders of Julius Baer Group Ltd. scheduled for 19 September 2012. Reflecting on shareholders’ feedback, the Board will propose to the EGM to create only the authorised share capital partially required to fund the acquisition of Merrill Lynch’s International Wealth Management business as announced on 13 August 2012.

The total size of the intended rights offer will therefore be in the amount of CHF 500 million, instead of the CHF 750 million originally communicated, in addition to the CHF 240 million in new equity to be issued to Bank of America as part of the acquisition price.

The originally communicated CHF 250 million in new equity for future strategic flexibility will therefore not be proposed to the EGM.

About Julius Baer

The Julius Baer Group is the leading Swiss private banking group, with an exclusive focus on servicing and advising private clients. Julius Baer’s total client assets amounted to CHF 269 billion at the end of June 2012, with assets under management accounting for CHF 179 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 form part of the Swiss Market Index (SMI) of the 20 largest and most liquid Swiss stocks.

Julius Baer employs a staff of over 3,600 in more than 20 countries and some 40 locations, including Zurich (head office), Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, Milan, Monaco, Montevideo, Moscow, Shanghai and Singapore.

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

The information in this media release may be subject to updating, completion, revision and amendment and such information may change materially. No person is under any obligation to update or keep current the information contained in this media release and any opinions expressed in relation thereto are subject to change without notice. This media release includes forward-looking statements that reflect the Company’s intentions, beliefs or current expectations about the transaction described herein and actual results may differ.

This media release constitutes neither an offer to sell nor a solicitation to buy any securities of Julius Baer Group Ltd. (the "Company”). It does not constitute a prospectus pursuant to art. 652a and/or 1156 of the Swiss Code of Obligations or art. 27 et seq. of the listing rules of the SIX Swiss Exchange.

The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act”) and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offer of the Securities in the United States, Canada, Australia and Japan.