Liechtensteinische Landesbank AG (LLB) Announces Participation Strategy of Main Shareholder - State of Liechtenstein

Liechtensteinische Landesbank AG (LLB) announced that as the representative of the principal shareholder, the Liechtenstein Government has adopted a strategy for the State's participation in the Liechtensteinische Landesbank AG (LLB) as part of its implementation of the 2010 Corporate Governance Act. In the participation strategy, the Government commits itself to LLB's stock exchange listing and a majority participation of at least 51 %. In the participation strategy, the Government expresses its commitment to majority participation by the State of Liechtenstein in LLB and to LLB's stock exchange listing. The Government represents the shareholder interests of the State within the scope of shareholders' powers exercised through the General Meeting. In doing so, it takes account of entrepreneurial autonomy as well as the rights and duties arising from LLB's stock exchange listing, and in its capacity as shareholder it recognizes the freedom of decision of the Board of Directors with respect to corporate strategy and policy.