JULIUS BAER : Ltd. confirms timetable for upcoming separation

Zurich, 25 September 2009 --- Julius Baer Holding Ltd. today
confirmed the timetable for the separation of its private banking and
asset management businesses. Completion of the separation is
scheduled for 30 September 2009, with the first day of trading of
Julius Baer Group Ltd. and GAM Holding Ltd. as separately listed
entities expected for 1 October 2009. Both companies will give
presentations on their future strategies at 2.00 p.m. CET today.

Separation of Private Banking and Asset Management

Julius Baer Holding Ltd. ('Julius Baer Holding') today confirmed the
timetable for the separation of its operations into two distinct,
fully independent groups, both individually listed on the SIX Swiss
Exchange. Julius Baer Group Ltd. ('Julius Baer Group') will focus on
private banking services while GAM Holding Ltd. ('GAM Holding') will
concentrate on active asset management. The separation is scheduled
for completion on 30 September 2009 and the first trading day for
Julius Baer Group and GAM Holding as separately listed entities is
expected for 1 October 2009.

As previously announced, the transaction will be structured as a
carve-out of Julius Baer Group from Julius Baer Holding. Julius Baer
Group will comprise Bank Julius Baer & Co. Ltd. as its principal
operating entity, as well as certain related ancillary businesses.
Julius Baer Holding will be renamed GAM Holding Ltd. and will be
composed of GAM, Swiss & Global Asset Management (formerly JBAM) and
a participation in Artio Global Investors Inc. ("Artio Global") the
shares in which yesterday commenced trading on the New York Stock
Exchange following a successful initial public offering.

On the first trading day, each holder of one Julius Baer Holding
share will automatically become the owner of one share in each of
Julius Baer Group (ticker: BAER) and GAM Holding (ticker: GAM).

Julius Baer Group

With CHF142bn assets under management as of 30 June 2009, Julius Baer
Group will be the leading Swiss pure private banking group standing
to benefit from private clients' increasing level of demand for the
services of an independent, strongly capitalised and fully dedicated
private banking franchise. Julius Baer Group will continue the
expansion of its international network and complete the shift of its
services and product model towards a unique 'open architecture'
philosophy, allowing for a truly unrestricted choice of the best
services and products available to its clients.

GAM Holding

With CHF156bn of assets under management as of 30 June 2009, GAM
Holding will be a leading active asset manager, offering a broad,
well diversified range of equity and fixed income investment funds,
discretionary portfolio management services and alternative
investments. As a stand-alone entity, the business will be able to
accelerate the development of its international institutional and US
distribution franchise.

IPO of Artio Global

Yesterday, 24 September 2009, the shares in Artio Global started
trading on the New York Stock Exchange. Under the final terms, Julius
Baer Holding sold 22,600,000 shares plus a potential additional
3,750,000 shares to cover over-allotments.

The net proceeds will be allocated as follows: (1) Julius Baer Group
will receive USD 300 million; (2) GAM Holding will receive the
remainder and retain a stake in Artio Global.

Strategy presentation in London at 2.00 p.m. CET today

For details of how to join the strategy presentation by webcast and
for access to the Listing Prospectus and the related Listing Notice
of Julius Baer Group Ltd please go to www.juliusbaer.com/listing. The
strategy presentation materials will be available at the same URL
address from 7.00 a.m. CET today. The conference call for media
representatives will start at 4.00 p.m. CET today.

Corporate contacts following the presentation

Julius Baer Group Ltd.
Media Relations:       [phone]
Investor Relations:    [phone]

GAM Holding Ltd.
Media Relations:       Juerg Wildberger,
Hirzel.Neef.Schmid.Konsulenten, [phone]
Investor Relations:    Thomas Schneckenburger, bluechip financial
communications, [phone]

Artio Global Investors Inc.
Media Relations:       Neil Shapiro, Intermarket, [phone]
Investor Relations:    Peter Sands, Head of IR, [phone]


Important Disclaimer
THIS PRESS RELEASE DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR
INVITATION TO SELL, SUBSCRIBE FOR, UNDERWRITE OR OTHERWISE ACQUIRE
ANY SHARES IN JULIUS BAER HOLDING LTD., JULIUS BAER GROUP LTD., GAM
HOLDING LTD. OR ARTIO GLOBAL INVESTORS INC., OR ANY OTHER SECURITIES,
NOR SHALL IT OR ANY PART OF IT NOR THE FACT OF ITS DISTRIBUTION OR
COMMUNICATION FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH,
ANY CONTRACT, COMMITMENT OR INVESTMENT DECISION IN RELATION THERETO.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN ISSUE PROSPECTUS PURSUANT
TO ARTICLE 652a OF THE SWISS CODE OF OBLIGATIONS OR A LISTING
PROSPECTUS PURSUANT TO THE LISTING RULES OF THE SIX SWISS EXCHANGE.
IN CONNECTION WITH THE LISTING OF JULIUS BAER GROUP LTD. ON THE SIX
SWISS EXCHANGE, A LISTING PROSPECTUS HAS BEEN PUBLISHED WHICH
CONTAINS DETAILED INFORMATION ON JULIUR BAER GROUP LTD. AND ITS
BUSINESS AND FINANCIAL CONDITION AS WELL AS FINANCIAL INFORMATION.
THE INFORMATION INCLUDED IN THIS PRESS RELEASE REGARDING JULIUS BAER
GROUP LTD. IS QUALIFIED IN ITS ENTIRETY BY THE INFORMATION CONTAINED
IN THE LISTING PROSPECTUS. THIS LISTING PROSPECTUS CAN BE ORDERED
FROM ZUERCHER KANTONALBANK (ZKB), TELEPHONE [phone],
FACSIMILE [phone], E-MAIL: [e-mail], AND IS ALSO
AVAILABLE IN ELECTRONIC FORM ON THE WEBSITE OF JULIUS BAER HOLDING
LTD. (WWW.JULIUSBAER.COM/LISTING).

Important Notice Regarding Forward-Looking Statements
THIS PRESS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS REGARDING
EVENTS AND TRENDS THAT ARE SUBJECT TO RISKS, UNCERTAINTIES AND
ASSUMPTIONS AND OTHER FACTORS THAT COULD CAUSE THE ACTUAL RESULTS AND
FINANCIAL POSITION OF JULIUS BAER HOLDING LTD. OR JULIUS BAER GROUP
LTD. OR GAM HOLDING LTD. OR ARTIO GLOBAL INVESTORS INC. TO DIFFER
MATERIALLY FROM THOSE EXPRESSED IN, OR SUGGESTED BY, THESE
FORWARD-LOOKING STATEMENTS. IMPORTANT FACTORS THAT COULD CAUSE THOSE
DIFFERENCES INCLUDE, BUT ARE NOT LIMITED TO: LIMITATIONS OR
CONDITIONS IMPOSED ON JULIUS BAER HOLDING LTD. OR JULIUS BAER GROUP
LTD. OR GAM HOLDING LTD. OR ARTIO GLOBAL INVESTORS INC. IN CONNECTION
WITH CHANGING BUSINESS OR OTHER MARKET CONDITIONS, GENERAL ECONOMIC
CONDITIONS IN SWITZERLAND, THE EUROPEAN UNION, THE UNITED STATES AND
ELSEWHERE, AND JULIUS BAER HOLDING LTD.'S OR JULIUS BAER GROUP LTD.'S
OR GAM HOLDING LTD.'S OR ARTIO GLOBAL INVESTORS INC.'S ABILITY TO
RESPOND TO TRENDS IN THE FINANCIAL SERVICES INDUSTRY. THE FORGOING
LIST OF FACTORS IS NOT COMPLETE. JULIUS BAER HOLDING LTD. OR JULIUS
BAER GROUP LTD. OR GAM HOLDING LTD. OR ARTIO GLOBAL INVESTORS INC.
DOES NOT UNDERTAKE, NOR IS IT OBLIGED TO UPDATE ANY FORWARD-LOOKING
STATEMENTS THAT IT MAY MAKE.


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