Vontobel H1 Operating Income CHF 689 Million

VONTOBEL HOLDING AG VONN:

• H1 OPERATING INCOME CHF 689 MILLION

• H1 ASSETS UNDER MANAGEMENT WERE HIGHER AT CHF 233 BILLION

• H1 COST/INCOME RATIO SLIGHTLY HIGHER AT 77.9 PERCENT AND PROFIT BEFORE TAX DOWN 15 PERCENT TO CHF 148 MILLION

• Q2 NET NEW MONEY TOTALLED CHF 2.0 BILLION

• H1 NET NEW MONEY CHF 2.0 BILLION

• H1 OPERATING INCOME WAS AT CHF 689 MILLION (-5% YEAR-ON-YEAR)

• H1 OPERATING INCOME DECREASE DRIVEN BY LOWER INTEREST RATES AND A SHARP DECLINE IN THE US DOLLAR

• SAYS EFFICIENCY PROGRAM ON TRACK LEADING TO LOWER COST BASE

• H1 CET1 RATIO OF 16.7% AFTER ABSORBING BASEL III REQUIREMENTS AND RECENT ACQUISITIONS