<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Tuesday, June 23, 2015 11:16 PM</td></tr><tr><td>To:</td><td>A. de Rothschild</td></tr><tr><td>Subject:</td><td>Re: Tr. Julius Baer to take preliminary provision of USD 350 million for its eventual
settlement with the U.S. Department of Justice regarding its legacy U.S. cross-border
business </td></tr></table>

On Tue, Jun 23, 2015 at 7:15 PM, A. de Rothschild <██████████████████████████████████████> wrote:

## Yes agreed

What happens if we think our settleme=t is " unfair " compared to other banks ?

Ariane d= Rothschild

Le 24 juin 2015 a 01:13, jeffrey E. &=t;jeevacation@g=ail.com <mailto:jeevacation@gmail.com» a ecrit :

as I said there is no decsion you can make tha= will effect so much of a dollar differnece than he DOJ matter, =AO it makes all other issues ie bonuses, wine , hotel =C2 pale in comparison.

- Image type: email screenshot (forwarded thread)
- Date/time: 23 Jun 2015, 18:27:23 UTC+2
- Subject (full): Julius Baer to take preliminary provision of USD 350 million for its eventual settlement with the U.S. Department of Justice regarding its legacy U.S. cross‑border business
- Key amount: USD 350 million
- Key parties mentioned: Julius Baer (bank); U.S. Department of Justice
- Context note in surrounding text: DOJ matter described as far more financially significant than other issues (bonuses, wine, hotel)
- Participants/addresses: multiple individuals shown (names and emails redacted/black‑barred in image)

## Yes agreed (cont.)

De: CHAPUIS, Laurent a Envoye: mardi 23 jui= 2015 18:01 A: TOBIANO, Cynthia; COILLE, Fabrice; MAR= Nicolas; MARK, Nicolas Objet: Julius Baer to take prelimi=ary provision of USD 350 million for its eventual settlement with the U.S.=Department of Justice regarding its legacy U.S. cross-border business

If the email looks unformatte=, please use this alternative

link<http://r2.newsbox.ch/d13/sh/rd22303/p63051/c2369/ntual_sett=ement_with_the_u.s._department_of_justice_re garding_its_legacy_u.s._cross-=order_business.1138-183-544-0-5.html>

<http://r2.newsbox.ch/d13/=h/rd22303/p63051/c2369/ntual_settlement_with_the_u.s._department_of_justic=_regarding_its_legacy_u.s._cross-border_business.1138-183-544-0-5.html>>

## [Julius

Bär]<http://r2.newsbox.ch/d13/sh/rd22304/p63051/c2369/www.juliusbaer.com<=a>> <http:=/r2.newsbox.ch/d13/sh/rd22304/p63051/c2369/www.juliusbaer.com>

## =EDIA RELEASE

Julius Baer Group Ltd.

Julius Baer t= take preliminary provision of USD 350 million for its eventual settlement=with the U.S. Department of Justice regarding its legacy U.S. cross-border=business

Today, Julius Baer has announced its decision to take a =reliminary provision of USD 350 million for its eventual settlement with t=e U.S. Department of Justice (DOJ) regarding its legacy U.S. cross-border =usiness.

Zurich, 23 June 2015 — The decision to take a pr=liminary provision at this time is the result of Julius Baer's rec=nt discussions with the DOJ regarding its eventual, comprehensive and fina= settlement of the 001's investigation of Julius Baer's le=acy U.S. cross-border business. These settlement discussions have now suff=ciently advanced to enable Julius Baer to make a preliminary assessment of=a probable and approximate amount required to reach a settlement with the =0J.

## =EDIA RELEASE (cont.)

The=preliminary provision of US0 350 million will be charged to the 2015 half-=ear results. If the amount had been provisioned at the end of April 2015, =he Group's BIS total capital ratio would have been 20.9% and its B=S tier 1 capital ratio 19.6%.

## =span>

Noting that estimates are by their nature based on j=dgment, currently available information and a variety of other factors, th= amount of the provision reflects Julius Baer's existing understan=ing and the present state of the preliminary discussions with the DOJ rega=ding the amount of an eventual settlement and may be subject to change. Wh=lst there is no defined timetable for a final settlement, Julius Baer cont=nues to work towards closing this regrettable legacy issue as soon as poss=ble.

Ju=ius Baer's 2015 half-year results will be published on 20 July 201=.

## Contacts

Medi= Relations, Zurich, tel. +41 (0) 58 888 8888
<tel:%2B41%20%280%29%2058%20888%208888>

Investor Relations, tel. +41 (0) 58-888 5256
<tel:%2B41%20%28=%29%2058%20888%205256>

=span>

## A=out Julius Baer

Julius Baer is the leadin= Swiss private banking group, with a focus on servicing and advising sophi=ticated private clients and a premium brand in global wealth management. J=Iius Baer's total client assets amounted to CHF 376 billion at the=end of April 2015, including CHF 289 billion of assets under management. B=nk Julius Baer & Co. Ltd., the renowned Swiss private bank which celeb=ates its 125th anniversary in 2015, is the principal operating company of =ulius Baer Group Ltd., whose shares are listed on the SIX Swiss Exchange (=icker symbol: BAER) and are included in the Swiss Market Index (SMI), comp=ising the 20 largest and most liquid Swiss stocks.

=br>

Julius Baer employs a staff of =ver 5,000, including more than 1,000 relationship managers, and is present=in over 25 countries and some 50 locations. Headquartered in Zurich, we ha=e offices in key locations including Dubai, Frankfurt, Geneva, Hong Kong, =ondon, Lugano, Monaco, Montevideo, Moscow, Singapore and Tokyo. Our client=centric approach, our objective advice based on a unique open product plat=orm, our very strong financial base and our entrepreneurial management cul=ure make us the international reference in private banking.

## A=out Julius Baer (cont.)

# For more information v=sit our website at <http://www.juliusbaer.com>

<=span>

Edit

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<=span>

Julius Baer Group Ltd.

Bahnhofstrasse 36, P.O. Box, 8010 Zurich, Switzerland<=r>T +41(0) 58 888 1111

<tel:%2B41%20%280%29%2058%20888%201111>, F +41 (=) 58 888 5144
<tel:%2B41%=0%280%29%2058%20888%205144>

www.juliusbaer.com <http://www.juliusbaer.com>

<http://r2.=ewsbox.ch/d13/sh/rd22304/p63051/c2369/www.juliusbaer.com

<http://r2.newsbox.ch/d=3/sh/rd22304/p63051/c2369/www.juliusbaer.com>>

<http://r2.newsbox.ch/d13/sh/rd22303/=63051/c2369/ntual_settlement_with_the_u.s._department_of_justice
_regarding=its_legacy_u.s._cross-border_business.1138-183-544-0-5.html>=br>

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4

# For more information v=sit our website at <http://www.juliusbaer.com> (cont.)

(France), sous réserve de tout accord par écrit=entre vous et Edmond de Rothschild (France). Conformément à la L=i Informatique et Libertés, n°78-17 du 6 juillet 1978, modifi =A9e par la loi n°2004-801 du 6 août 2004, toute personne a le dr=it d'interroger Edmond de Rothschild (France) en vue de savoir si les =raitements automatisés dont il dispose contiennent des informations n=minatives la concernant, les faire rectifier ou les faire supprimer.

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=C2 please note

The information contained in t=is communication is confidential, may be attorney-client privileged, ma= constitute inside information, and is intended only for the use of =he addressee. It is the property of JEE

Unauthorized use, disclosure=or copying of this communication or any part thereof is strictly prohib=ted and may be unlawful. If you have received this communication in =rror, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.c=m, and destroy this communication and all copies thereof, includ=ng all attachments. copyright -all rights reserved

=C2 please note

# For more information v=sit our website at <http://www.juliusbaer.com> (cont.)

The information contained in this co=munication is confidential, may be attorney-client privileged, may c=nstitute inside information, and is intended only for the use of the ad=ressee. It is the property of JEE Unauthorized use, disclosure or co=ying of this communication or any part thereof is strictly prohibitedand may be unlawful. If you have received this communication in error,=please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com<h>, and destroy this communication and all copies thereof, including =11 attachments. copyright -all rights reserved