Fosun : Invested in BHF German Largest Independent Private Bank

(Hong Kong, 28 March 2014) China leading investment group, Fosun International Limited ("Fosun" or the "Company", HKEx stock code: 00656) said in a voluntary announcement on 27 March 2014 that the Company and a fund under its management contributed in aggregate approximately Euro 98.5 million in Billion Infinity Investment Limited ("Billion Infinity") for participation in the acquisition of BHF-BANK on 26 March 2014. The Company together with its fund, will become the second largest shareholder of BHF-BANK, holding a 19.18% interest.

Headquartered in Frankfurt, Germany, BHF-BANK is the largest-scale independent private bank in Germany founded in 1854 with a long history. It enjoys a prestigious reputation within the industry and its clients are mainly high net worth and ultra high net worth individuals, especially the active family enterprises in Germany. Its principal business activities include the provision of private banking and asset management services, as well as other services in the financial markets and corporate divisions. BHF-BANK ranked first for eight consecutive years in terms of investment results in the league of Elite Portfolio Managers, compiled by Handelsblatt, an authoritative German financial daily.

The acquisition of a 100% equity interest of BHF-BANK by the consortium was led by RHJ International ("RHJI") and its wholly-owned subsidiary Kleinwort Benson Group Limited ("KBG"). KBG is currently owned as to 65.78% by RHJI, 19.18% by Billion Infinity, 12.40% by AQTON SE (the wholly-owned strategic investment company of German entrepreneur Stefan Quandt) and 2.65% by entities affiliated with Timothy C. Collins.

Held by KGB (the largest shareholder of BHF-BANK), Kleinwort Benson is an established UK private bank with a very long history and has strong great brand recognition within the senior affluent community in the UK.

Fosun commented that the Company is optimistic about the long term development of the financial services industry. The participation in the acquisition is another good example of the implementation of Fosun's investment strategy of "Combining China's Growth Momentum with Global Resources", and further enriches its personalized financial products and services and strengthens its comprehensive financial capabilities.

This investment is critical to Fosun's strategic expansion in European financial centres as both Frankfurt and London are the financial hubs in Europe where BHF-BANK and Kleinwort Benson headquartered in, respectively. Fosun will capitalize on their connections with the billionaires and family enterprises to establish the platform and network for Fosun's investment businesses in Europe.

Moreover, with the backing from Fosun, BHF-BANK and Kleinwort Benson will be able to bridge the commercial cooperation and exchange for enterprises and entrepreneurs between China and Germany.