Results of Exchange Offer for EFG Fiduciary Certificates and EGM of EFG International AG and EFG Fiduciary Certificate Holders' Meeting

Zurich, 11 January 2012 – On 30 November 2011, EFG International (Guernsey) Ltd announced its offer to exchange EFG Fiduciary Certificates for Basel III compliant Tier 2 Bonds. The Exchange Offer was made subject to receipt of approvals by both an extraordinary meeting of shareholders of EFG International AG and a meeting of holders of the EFG Fiduciary Certificates.

Following yesterday’s approvals by both meetings, EFG International (Guernsey) Ltd announces the final results of its Exchange Offer.

Final results of EFG International (Guernsey) Ltd's offer to exchange EFG Fiduciary Certificates for new Basel III compliant Tier 2 Notes

EFG International (Guernsey) Ltd announces the final results of its offer to holders of the outstanding €400 million EFG Fiduciary Certificates (ISIN XS0204324890 listed on the Luxembourg Stock Exchange) to exchange EFG Fiduciary Certificates for new Basel III compliant Tier 2 Notes.

A total of 135’219 EFG Fiduciary Certificates, representing approximately 33.8% of the outstanding principal amount of EFG Fiduciary Certificates, were validly tendered and accepted for exchange by EFG International (Guernsey) Ltd. In exchange EFG International (Guernsey) Ltd. will issue €67’604’000 principal amount of Basel III
compliant Tier 2 bonds on settlement of the Exchange Offer, which is expected to occur on 13 January 2012. The new bonds have a maturity of 10 years and for the first 5 years pay an annual interest coupon of 8%.

The outstanding number of EFG Fiduciary Certificates will reduce from 400’000 to 264’781, representing a total nominal amount of approximately €265 million.


Extraordinary Shareholders’ Meeting of EFG International AG

At the Extraordinary Shareholders’ Meeting of EFG International AG held in Zurich on Tuesday 10 January 2012, the shareholders approved the proposal of the board and authorised it to buy-back until 31 March 2012 up to 100 % of the 400,000 Bons de Participation. Such bought-back Bons de Participation will be definitively designated to be cancelled.

The respective capital reduction and the necessary amendment of the Articles of Association will be proposed to the Annual General Meeting 2012.


Meeting of the Holders of EFG Fiduciary Certificates

A meeting of the holders of EFG Fiduciary Certificates held on Tuesday 10 January 2012 in Luxembourg has approved by extraordinary resolution certain amendments to the conditions of the EFG Fiduciary Certificates and other agreements in connection with the Exchange Offer.