Board Changes At Julius Baer

Paul Adams

21 March 2007

The directors of Julius Baer Holding will propose to the Annual General Meeting scheduled for 17 April 17 that Gareth Penny and Daniel Sauter be elected to the board for the first time. Gareth Penny, group managing director of De Beers SA, has an intimate knowledge of the emerging markets through his career of more than twenty years at the world’s largest diamond producer and seller. Daniel Sauter, is an entrepreneur and chairman of the board of directors of Alpine Select, Zug. Mr Sauter started his banking career with appointments at Gewerbebank and Bank Leu in Zurich and eventually went on to be a co-founder and member of the board of directors of commodity firm Xstrata in Zug. As announced in December 2006, Daniel Borel, co-founder and chairman of the board of directors of Logitech International, has decided not to seek re-election after expiration of his second term in office. The board will also propose the re-election of Monika Ribar Baumann and Rolf Jetzer for another period of three years.