Extraordinary General Meeting of Julius Baer Holding Ltd.

ZURICH--(Business Wire)--
Regulatory News:

At today`s Extraordinary General Meeting of Julius Baer Holding Ltd., the
shareholders approved the separation of Julius Baer`s Private Banking and Asset
Management businesses into two fully independent entities, both individually
listed on the SIX Swiss Exchange.

Following the completion of the transaction, Julius Baer Group Ltd. will focus
on private banking services while GAM Holding Ltd. will concentrate on active
asset management. This move will substantially increase the two companies`
strategic flexibility and enhance their market visibility. The transaction is
expected to be completed during the third quarter 2009, subject to regulatory
approvals.

In detail, the Extraordinary General Meeting of Julius Baer Holding Ltd. passed
the following resolutions:

* The conversion of legal reserves info free reserves was approved.
* The change of corporate purpose by amending the Articles of Incorporation was
approved.
* The separation of the Private Banking and the Asset Management businesses,
subject to regulatory approvals,was approved with shareholders agreeing to

* the distribution of a special dividend at the due date as determined by the
Company
* the change of name at the due date of the special dividend by amending the
Articles of Incorporation
* the election of Johannes A. de Gier, Hugh Scott-Barret and Dieter A. Enkelmann
as members of the Board of Directors, replacing the current members at the due
date of the special dividend expected at the end of the third quarter 2009.

* The termination of the share buyback programme 2008-2010 approved by the
Ordinary Annual General Meeting 2008 was passed with the technical cessation of
the programme to be executed within in the next few days.

As a result of a detailed analysis, the preferred securities in the amount of
CHF 225 million will not be bought back. It is the intention to transfer the
preferred securities to the balance sheet of Julius Baer Group Ltd, subject to
third-party approval.

The presentation to the Extraordinary General Meeting may be accessed via
www.juliusbaer.com/egm.

Julius Baer Holding Ltd.
Media Relations, Tel. +41 (0)58 888 5777
or
Investor Relations, Tel. +41 (0)58 888 5256

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