12.02.2008

• The Julius Baer Group strongly increased its profit before taxes by 28%from CHF 1,131 million to CHF 1,449 million in 2007 and its net profit by 31%from CHF 868 million to CHF 1,137 million*. Earnings per share (EPS) went upby 34% to CHF 5.28. • Assets under management rose by 12% to CHF 405 billionat the end of 2007. Net new money was CHF 35 billion (2006: CHF 27 billion),with the segment Bank Julius Baer contributing CHF 18 billion and the segmentAsset Management CHF 17 billion. • The Board of Directors proposes to theAnnual General Meeting (AGM) in April 2008 an unchanged dividend of CHF0.50 per registered share. It also proposes to cancel the 5.5% Julius BaerHolding shares bought back in 2007. The AGM will also have to decide on theannounced share buyback programme 2008–2010 of around CHF 2 billion, whichwill start after the AGM in April.

„2007 has been another very successful year for the Julius Baer Group. Byfocusing exclusively on our core competences, private banking and assetmanagement, we have managed to serve the interest of both our clients and ourshareholders very well. We have grown our global footprint considerably whilstreducing our cost/income ratio from 59.5% to 56.7%. Even in market circumstancesunder which capital preservation will gain much more emphasis, we are wellpositioned to grow our global franchise as well as our profits,“ sums upJohannes A. de Gier, Group CEO.

Another year of strong financial performance confirms „pure play“ wealthmanagement strategy

Assets under management of the Julius Baer Group reached CHF 405 billion atthe end of 2007, up 12% from CHF 361 billion in 2006. This increase isattributable to net new money inflows totalling CHF 35 billion, market/currencyperformance of CHF 13 billion and a negative impact of divestments, net ofacquisitions, of CHF 4.4 billion. The assets development was flat in the secondhalf of the year. In addition, assets under custody amounted to CHF 68 billion,up 31%.

Operating income increased by 22% to CHF 3,449 million during the financialyear. Predominantly as a result of the increased asset and client activitylevels, the contribution from commission and service fee activities rose by 17%to CHF 2,755 million. Interest income rose by 25% to CHF 323 million as aconsequence of the carefully increased lending activities to private bankingclients. Operating expenses rose by 18% to CHF 2,000 million. Personnelexpenses grew by 19% to CHF 1,409 million, mainly because of higherperformance-related compensation and the overall staff increase by 11 % from3,684 to 4,099 as we continued to invest for growth in all businesses. Generalexpenses including valuation adjustments, provisions and losses increased by 19%to CHF 548 million. As a consequence, the cost/income ratio developedfavourably to 56.7%, down from 59.5% in 2006.

Profit before taxes increased by 28% to CHF 1,449 million. All divisions ofBank Julius Baer and Asset Management have strongly contributed to thisincrease. Taxes amounted to CHF 312 million, representing a slightly lower taxrate of 21.5%. As a consequence, net profit increased year-on-year by 31% to CHF1,137 million* and EPS by 34% to CHF 5.28. Net profit in the second half of2007 was 19% higher than in the first half. *In 2006 and 2007, integration andrestructuring expenses, amortisation of intangible assets and significantfinancial events (in 2006 only) are excluded from the data. Including thesepositions, the net profit for 2007 amounted to CHF 940 million, up 40%from 2006.

The consolidated balance sheet total grew by CHF 11 billion or 30% to CHF46.9 billion at the end of 2007, mainly as deposits of clients went up by CHF7.5 billion. Total equity was down by 6.3% to CHF 6.4 billion and BIS Tier1 capital was lower by CHF 224 million at CHF 2.0 billion compared with theend of 2006. This is resulting from the increased net profit 2007 less the CHF1.1 billion spent to repurchase 5.5% own shares in June 2007, the accrual forthe dividend 2007 and the higher capital support for the increased riskweighted assets due to our growing franchise. With a BIS Tier 1 ratio of 12.9%under Basel I (year-end 2006: 17.1%) the Julius Baer Group continues to enjoy avery solid financial base. Return on equity rose to 31.6% (2006: 24.3%).

Both Bank Julius Baer and Asset Management attract substantial net new moneyAssets under management in the segment Bank Julius Baer rose by CHF 22 billionor 10% to CHF 234 billion in 2007 while net new money was CHF 18 billion or9 percentage points of this growth. With operating income up 19% and operatingexpenses up 12%, profit before taxes increased by 30% to CHF 817 million.Assets under management of the Private Banking division increased by 13% to CHF156 billion. Net new money contributed CHF 12 billion or 9 percentage pointsto this growth. Growth markets, Asia in particular, again showed strong inflowswhile the core markets also contributed positively. Assets under management inthe Investment Products division were up 5% to CHF 78 billion. Net new moneyincreased by CHF 6 billion or 9 percentage points of this growth. Assets undermanagement in the segment Asset Management rose by CHF 23 billion or 15% to CHF171 billion by the end of the year. CHF 17 billion or 11 percentage points ofthe growth was attributable to net new money, with again very strongcontribution from the US business. At the end of 2007, GAM managed CHF86 billion and the US asset management business CHF 85 billion. Thesegment’s operating income rose by 26% and operating expenses by 28%, whichresulted in a 23% higher profit before taxes of CHF 668 million with GAMcontributing the lion's share.

Capital management policy confirmed The Board of Directors proposes to theAnnual General Meeting in April 2008 an unchanged dividend of CHF 0.50 perregistered share. It also proposes to cancel the 5.5% Julius Baer Holding sharesbought back in 2007. The AGM will also have to decide on the announced sharebuyback programme 2008–2010 of around CHF 2 billion, which will startafterthe AGM in April.

Changes in the Board of Directors as of the AGM on 15 April GeorgesGagnebin, Vice-Chairman, has decided not to stand for re-election. After thesuccessful integration in which he played a key role, he will serve as adviserto the Julius Baer Group and be proposed as Chairman of its subsidiary InfidarInvestment Advisory Ltd. Professor Paul Embrechts will also relinquish hismandate after serving on the Board of Directors for eleven years. The documentsaccompanying the results conference (results presentation, Business Review 2007,2007 Annual Report and press releases in multiple languages) will be availableas of 07:00 a.m. at www.juliusbaer.com.

Contact: Media Relations:Tel. +41 (0) 58 888 8888

Investor Relations: Tel. +41 (0) 58 888 5501

The 2008 half-year results of the Julius Baer Group will be released on28 July 2008.

About Julius Baer The Julius Baer Group is the leading dedicated wealthmanager in Switzerland. The Group, which has roots dating to the nineteenthcentury, concentrates exclusively on private banking and asset management forprivate and institutional clients. With some 4,000 employees worldwide, theGroup managed assets in excess of CHF 400 billion at the end of 2007. TheJulius Baer Group's global presence comprises more than 30 locations inEurope, North America, Latin America and Asia, including Zurich (Head Office),Buenos Aires, Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, New York,Singapore and Tokyo. Bank Julius Baer, GAM, a leading global active assetmanager, and Julius Baer Investment Management, renowned for its internationalequity strategies, are the key companies of the Group. The shares of Julius BaerHolding Ltd. are listed on the SWX Swiss Exchange and form part of the SwissMarket Index SMI which comprises the 20 largest and most liquid stocks.