EFG International AG

Bleicherweg 8

8001 Zurich Switzerland

Phone +41 44 226 18 50

Fax +41 44 226 18 55

efginternational.com

Media Release

EFG International announces the closing of the acquisition of UBI Banca International (Luxembourg) S.A.

Zurich, 02 November 2017

EFG International announces that it has completed the acquisition of the Luxembourg-based private banking activities of UBI Banca International (Luxembourg) S.A. from Unione di Banche Italiane S.p.A., with revenue-generating Assets under Management of approx. EUR 2.4 billion and approx. EUR 1.5 billion of Assets under Custody.

EFG International has received all required regulatory approvals and completed the acquisition of the Luxembourg-based private banking activities of UBI Banca International (Luxembourg) S.A. ("UBI") from Unione di Banche Italiane S.p.A., which was announced on 28 April 2016. The acquisition significantly strengthens EFG International's presence in Luxembourg and reinforces the bank's focus on growing its wealth management presence in Europe.

Following the completion of this acquisition, the Luxembourg-based private banking activities of UBI will be renamed EFG Banque Privée Luxembourg S.A. on an interim basis before the business is legally integrated into EFG Bank (Luxembourg) S.A. by year-end 2017. The transaction, which is structured as a cash acquisition, has no impact on EFG International's regulatory capital position.

EFG International completed the acquisition of the Luxembourg-based private banking activities of UBI only six months after the legal and operational integration of the BSI business in Luxembourg in May 2017.

As a combined business and with its enhanced position as one of EFG's important business hubs, EFG Bank (Luxembourg) S.A. offers a range of private banking, investment and wealth management services in Luxembourg and remains focused on providing superior service with a long-term perspective in wealth and asset management.

Contact

Investor Relations Media Relations

+41 44 212 73 77 +41 44 226 12 72

investorrelations@efginternational.com mediarelations@efginternational.com

About EFG International

EFG International is a global private banking group offering private banking and asset management services and is headquartered in Zurich. EFG International's group of private banking businesses operates in around 40 locations worldwide. Its registered shares (EFGN) are listed on the SIX Swiss Exchange.

EFG International AG, Bleicherweg 8, 8001 Zurich, Switzerland www.efginternational.com

Important Disclaimer

This document has been prepared by EFG International AG ("EFG") solely for use by you for general information only and does not contain and is not to be taken as containing any securities advice, recommendation, offer or invitation to subscribe for or purchase or redemption of any securities regarding EFG.

This release contains specific forward-looking statements, e.g. statements which include terms like "believe", "assume", "expect", "target" or similar expressions. Such forward-looking statements represent EFG's judgments and expectations and are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, the financial situation, and/or the development or performance of the company and those explicitly or implicitly presumed in these statements. These factors include, but are not limited to: (i) the ability to successfully integrate BSI and realise expected synergies, (2) general market, macroeconomic, governmental and regulatory trends, (3) movements in securities markets, exchange rates and interest rates, (4) competitive pressures, and (5) other risks and uncertainties inherent

in the business of EFG and its subsidiaries, including BSI group. EFG is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law or regulation.

Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of EFG and its subsidiaries, including BSI group. EFG and BSI as a combined group may not realise the full benefits of the contemplated transaction, including the expected synergies, cost savings or growth opportunities within the anticipated time frame or at all.

EFG International AG published this content on 02 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 November 2017 06:09:10 UTC.

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