Bank Sarasin to be delisted upon cancellation of the publicly held registered B shares

On 1 November 2012, the SIX Swiss Exchange (SIX) exempted Bank Sarasin & Co. Ltd from the duty to comply with certain disclosure obligations contemplated in the SIX' listing rules, namely the duty to publish price-sensitive information (Ad-Hoc Publicity), to report management transactions, to publish a corporate calendar and to report certain corporate events (1) to the SIX.

The exemption will remain effective until 7 April 2013 (inclusive). Bank Sarasin requested the exemption from SIX after Safra announced on 23 October 2012 that it had submitted a request before a court in Basel for the cancellation of Bank Sarasin's remaining publicly held registered B shares.

In addition, on 6 November 2012, the SIX agreed to Bank Sarasin's request for the delisting of its registered B shares. The delisting will become effective when the decision of the Basel court to cancel the remaining publicly held registered B shares of Bank Sarasin shall have become final. The delisting is subject to Bank Sarasin complying with certain disclosure requirements. Bank Sarasin is in particular required to announce the date of delisting at least five trading days in advance.

(1) Bank Sarasin is exempted from the duty to inform SIX about the following corporate events: change of statutory auditors; change of end of fiscal year; change of contact persons within the company; change of internet link (URL) to the company's corporate calendar; change of business activity; publication of annual and interim financial statements; shareholder resolutions relating to the introduction of opting-out or opting-up provisions in the company's articles of association; shareholder resolutions relating to the adoption or removal of share transfer restrictions from the company's articles of association. Bank Sarasin is also exempted from the duty to update SIX on a monthly basis about the number of shares issued out of the company's conditional capital.

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