«Sunset» by Severin Wurnig Valartis Prix Photo 2011

Banking services for US citizens Valartis Bank Austria (AG)

The Bank in Rathausstrasse •  Founded by Sigmund Rosenfeld in 1890, we are one of the oldest private banks in Austria; the Bank still owns and occupies the same building in Rathausstrasse •  For more than 120 years we have been providing discreet and professional wealth management services to HNWIs (High Net Worth Individuals); more than 30 years experience servicing the U.S. market •  Since 2008, part of the wider Swiss-exchange listed Valartis Banking Group

Group Profile Swiss Financial Group with Focus on Private Banking Valartis Group is an internationally active niche player with banks in Austria and Liechtenstein. The Group focuses on the wealth management business for wealthy private clients and institutional investors.

Founded in 1988 and domiciled in Zurich and Geneva; the holding company, Valartis Group AG, is listed on the SIX Swiss Exchange since 1991. Assets under management rose in 2014 by 9 percent to CHF 6.6 bn; core markets include Central and Eastern Europe, the Middle East and selected countries in North and South America as well as Asia.

Back to Vienna... •  Valartis Bank in Austria is a small player but has developed considerable expertise in providing Austrian accounts to international HNWI clients •  A broad and flexible range of services (from discretionary managed to self-directed to externally managed portfolios) •  VBA accepts personal, corporate and trust/ foundation accounts •  VBA is unique in Austria in terms of its North American client base

US network and expertise •  Valartis Bank in Austria is a Qualified Intermediary of the IRS, is FATCA compliant and observant of SEC regulations; has established a dedicated team to service this business

Conor Hayden

Natalie Nizic

Barry Keeney

Jennifer Nolan

What attracts US clients to VBA? •  VBA works with US tax and asset protection lawyers, IRA custodians and SEC licenced third party asset managers; VBA does not accept applications for an account directly from US domiciled persons •  HNWIs seeking privacy for asset protection purposes and prudent diversification of jurisdiction •  Open architecture - Best of Breed: We are completely independent and select the best from the SEC registered investment universe •  US citizens living abroad need a specialist banking service since the advent of FATCA; discretionary management and investment advisory services

Goldstar IRA accounts at VBA

•  Successful Relationship since 2003 with over 100 accounts opened •  Goldstar directly establish the account at Valartis •  The account and its investments may be denominated in any major currency •  Investments can include deposits, CDs, bonds, funds and listed securities (Investments using margin, futures and writing options are not authorised) •  Easy and fast transfers via Goldstar allow funds to be added or repatriated swiftly

Valartis Bank Austria & ENR §  Special Relationship since 1997 §  Close Co-operation §  Valartis Hub for ENR Client Assets or ~50% of ENR AUMs §  Conor, Jennifer, Natalie and Barry at Valartis §  Great Team, Great Service!

Austria: Stronger than EMU Members

Austria is No Greece or Cyprus!

Key Figures •  The Bank in Vienna neither borrows nor lends substantially; we are a traditional private bank •  The Bank has very healthy levels of capitalization and an enviable liquidity ratio

As of 31.12.2014 AuM 1.294 bn EUR Balance sheet assets 569 mn EUR Tier 1 ratio 24.95 %

Thank you for your attention Conor Hayden Head of Institutional Private Banking Valartis Bank (Austria) AG Rathausstrasse 20 1010 Vienna, Austria Tel: +43(0) 577 89 189 Fax: +43(0) 577 89 150 Email: [email protected] www.valartis.at

This marketing publication is for information purposes only. In particular, the information and details contained herein shall neither constitute an offer nor represent an invitation to submit an offer or a public advertisement inviting transactions or other business activities with the products and/or services described. With regard to the risks which must be considered in connection with any investment in products and/or the use of services included in this presentation, we want to inform you that there is no full overview of all potential risks. We recommend that you seek advice from a specialist client adviser. We expressly disclaim any liability for damage or loss claimed on the basis of the product and/or service information contained in this publication. The contents of this presentation are protected by copyright. Any use of the presentation except for personal use requires our prior consent. This presentation is being submitted to selected recipients only. It may not be reproduced (in whole or in part) to any other person without the prior written permission of Valartis Bank AG. The information contained herein is not for publication or distribution to any other person and may not be relied upon or acted upon in relation to transactions with or for Valartis Bank AG.