Valartis : Closing on the takeover of Valartis Bank (Liechtenstein) AG by Citychamp Watch & Jewellery Group Ltd. – final precondition for successful implementation of recovery plans fulfilled

EUR 61.8 m (as at 31 December 2015). On this basis, following the return of the banking license

Valartis Group AG Blegistra-sse 11a 6340 Baar ZG Schwe.iz:

Tel. [phone]

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in Austria which has already taken place, the. credit l iability to Valartis Bank (Austria) AG will www.vala rtisgroup.ch be reduced in full. The remaining proceeds from the sale's transaction in Liechtenstein will

caver other Valartis Finance Holding AG outstanding liabilities and secure the Group's

liquidity requirements.

Closing on the sales' transactions in Austria and Liechtenstein concludes the divestments which were required as a- basis for the recovery of Valartis Group AG and Liechtenstein-bas-ed Valartis Finance Holding AG2. Thes-e divestments and the cash flows they have generated, together with the agreements which have since been reached with crecJ-itors, enable the Boa-rd of Directors of Valartis Group AG and Valartis Fina-nee 1-+olding AG to implement final recovery measures targeted on the successful lifting of bankruptcy deferment in Liechten­ stein and the moratorium in Switzerland during the course of the fourth quarter of 2016 - and ultimately to a-chieve complete recovery at the end ofthe process3.

Reduced Group loss expectedfor2016

From a- current viewpoint, following successful closing on the transaction in Liechtenstein, Group loss in 2016 is expected to be lower in comparison to the previous year (2015: Group loss for continued and discontinued operations a mounted to CHF 58-4 m).

Divestment of the. banks in Liechtenstein and Austria means that reporting on the segment Private Clients will be dropped entirely. In the fourth quarter of financial year 2016, Valartis Group will thus alter its segment re.porting structure in order to better correspond with the new, slimmer Valartis Group structure. The following changes will be made: management of the several business segments will not be required any longer, and the continued operations will report directly to the Group CEO.

Valartis Group- a holding company

By resolving to divest most of the Group's private banking holdings, the Boa rd of Directors of Valartis Group AG also determined to focus strategically on management of investments in the fields of financial services-, real estate projects- a-nd private equity. Valartis Group AG thus remains a holding company with three operative approaches. These comprise active management of own participations, management of third-party assets and identification of new opportunities.

Agenda

General Meeting 2017 16 May 2017

For further information, please contact:

Kim-My Schefer , Head Corporate Communications & Marketing,Valartis Group AG Tel. [phone] SA 02, Media-Relations@valarti s.ch

Chi Wah Fong, CFO, Citycharnp Watch & Jewellery Group Ltd.,Tel. +852 227'5 3706

see also media re.lease from 16 November 2015: Vala-rtis Group AG, Baar, under provisional moratorium: application for a definitive moratorium w il I be submitted today:

http:/ /www .va la-rtis grou p c.h/ de./ New s-Medien I N ew s- Medi en mittei l ungen/

Ba nkruptcy deferment in Liechtenstein is currently granted until 28 October 2016 and the moratorium in Switz:er land until 23 November 2016

2_

Lai Lam, CEO Assistant, Citycha-mp Watch & Jewellery Group Ltd., Tel. [phone]

Valartis Group AG Blegistra-sse 11a 6340 Baar ZG

Schwe.iz:

Tel. [phone]

Fax [phone]

www.citychampwatchjewellery.comwww.vaIartisgroup.ch

Valartis: Group

Valartis Croup is an international finance group with offices in Switzerland, Luxembourg, as well as M oscow and St. Petersburg. Valartis Group AG (Baar, Switzerland) is listed on the Swiss stock exchange, S IX S wiss Exchange. Continued operations include thefields of financial services, Real Estate Project M anagement and Private Equity. www.va-la-rti sgroup.ch