EANS-Adhoc: Bank Sarasin + Cie AG / Closing completed, new Sarasin board elected and mandatory offer announced (with document)

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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31.07.2012

The closing of the sale of Rabobank's majority shareholding in Bank Sarasin &
Co. Ltd to the Safra Group was completed on 31 July 2012. As a result of the
closing, Safra now holds 50.15% of the share capital and 71.01% of the voting
rights of Bank Sarasin. Following Safra's acquisition of the majority stake,
Bank Sarasin will in the future be included in the scope of consolidation of J.
Safra Holding AG, Basel.

At the Extraordinary General Meeting (EGM) of Shareholders of Bank Sarasin & Co.
Ltd in the afternoon of 31 July 2012, shareholders approved all the resolutions
submitted by the Board of Directors. The new Board of Directors was elected and
will constitute itself as follows: Pierre-Alain Bracher (Chairman), Hans-Rudolf
Hufschmid (Vice-Chairman), Philippe Dupont, Sergio Penchas, Jacob J. Safra,
Sipko N. Schat, Marcelo Szerman and Dagmar G. Woehrl. Existing members stepping
down from the former Board - Christoph Ammann (Chairman), Peter Derendinger and
Pim W. Mol - were thanked for their services and given discharge for the
financial year 2012 up to and including 31 July 2012.

Furthermore Safra today has announced its intention to launch an offer to
purchase the publicly held Class B registered shares of Bank Sarasin & Co. Ltd
at CHF 27.00 per share. Please consult the attached media release of Safra,
dated 31 July 2012, for further details.

Further inquiry note:
Dr. Benedikt Gratzl
Head of Corporate Communications
T: +41(61) 277 70 88
[email protected]
end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/us/MKtHTFUm
http://resources.euroadhoc.com/us/hrYPe8yk

issuer: Bank Sarasin + Cie AG
Elisabethenstrasse 62
CH-4002 Basel
phone: +41 (61) 277 77 77
FAX: +41 (61) 272 02 05
mail: [email protected]
WWW: www.sarasin.ch
sector: Banking
ISIN: CH0038389307
indexes: SPIEX, SPI ex SLI
stockmarkets: official dealing/general standard: SIX Swiss Exchange
language: English

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