EFG International : completes integration of BSI in Luxembourg

EFG International AG

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Media Release

EFG International completes integration of BSI in Luxembourg

Zurich, 3 May 2017

EFG International today announces that it has completed the legal and operational integration of BSI in Luxembourg by way of a merger, including the BSI branch in Italy.

In line with the previously announced gradual process to integrate BSI into EFG, the acquired business from BSI's entity in Luxembourg, including the BSI branch in Italy, has been migrated to EFG Bank in Luxembourg.

BSI (Europe) S.A, the official name of BSI in Luxembourg, is now legally and operationally integrated into EFG Bank (Luxembourg) S.A. The combined business has its registered office in 56, Grand-Rue, L- 1660 Luxembourg, and will now operate in the market solely under the EFG name.

By way of this merger, EFG further strengthens its presence in Luxembourg, remaining focused on providing superior service with a long-term perspective in wealth and asset management.

With this step, the EFG brand will also be introduced in Italy for the first time. For the combined business, Italy is one of the strategic markets, and EFG is present in Milan, Como and Genoa.

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About EFG International

EFG International is a global private banking group offering private banking and asset management services and is headquartered in Zurich. EFG International's group of private banking businesses operates in around 40 locations worldwide. Its registered shares (EFGN) are listed on the SIX Swiss Exchange.

EFG International AG, Bleicherweg 8, 8001 Zurich, Switzerland www.efginternational.com

Important Disclaimer

This document has been prepared by EFG International AG ("EFG") solely for use by you for general information only and does not contain and is not to be taken as containing any securities advice, recommendation, offer or invitation to subscribe for or purchase or redemption of any securities regarding EFG.

This release contains specific forward-looking statements, e.g. statements which include terms like "believe", "assume", "expect", "target" or similar expressions. Such forward-looking statements represent EFG's judgments and expectations and are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, the financial situation, and/or the development or performance of the company and those explicitly or implicitly presumed in these statements. These factors include, but are not limited to: (i) the ability to successfully integrate BSI and realise expected synergies, (2) general market, macroeconomic, governmental and regulatory trends, (3) movements in securities markets, exchange rates and interest rates, (4) competitive pressures, and (5) other risks and uncertainties inherent

in the business of EFG and its subsidiaries, including BSI group. EFG is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law or regulation.

Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of EFG and its subsidiaries, including BSI group. EFG and BSI as a combined group may not realise the full benefits of the contemplated transaction, including the expected synergies, cost savings or growth opportunities within the anticipated time frame or at all.