As the integration phase of the acquisition of Merrill Lynch's International Wealth Management (IWM) business outside the United States from Bank of America is expected to begin on 1 February 2013 with the Principal Closing, the Board of Directors of Julius Baer Group Ltd. today approved the execution of a capital increase out of authorised share capital. The share capital of the Company will be increased by CHF 142,048.14 through the issuance of 7,102,407 registered shares. The newly issued shares (excluding the preemptive subscription right of the existing shareholders) will be used exclusively as part of the consideration for the acquisition of the IWM business as announced on 13 August 2012. The capital increase is expected to take place on 24 January 2013.

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