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Michael Hobmeier, CEO Valiant Bank Warsaw, 8th October 2008

Valiant A successful player in the domestic Swiss market Valiant skuteczny gracz narynku wewnętrznym. Michael Hobmeier, CEO Valiant Bank Warsaw, 8th October 2008. Valiant Bank AG Bundesplatz 4 3001 Bern Switzerland www.valiant.ch. Agenda. The Swiss retail banking market

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Michael Hobmeier, CEO Valiant Bank Warsaw, 8th October 2008

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  1. ValiantA successful player in the domestic Swiss market Valiant skuteczny gracznarynku wewnętrznym Michael Hobmeier, CEO Valiant Bank Warsaw, 8th October 2008 Valiant Bank AG Bundesplatz 4 3001 BernSwitzerland www.valiant.ch

  2. Agenda • The Swiss retail banking market • Valiant company presentation

  3. Players in the Swiss retail banking market • The "big" banksUBS and Credit Suisse together account for more than 50% of the balance sheet total. • Cantonal banks The 24 Cantonal banks are semi-governmental organizations. Most of them have a state guarantee. • Raiffeisen Group • Raiffeisen is a group of cooperative societies and has the largest branch network in Switzerland. • Regional banks Smaller universal banks with an emphasis on lending/deposit business. Valiant is clearly the biggest of these banks.

  4. Swiss Loan-to-Value standard Equity 20% st 1 Mortgage nd 2 Mortgage 66% 14%

  5. Main Income 1) Extra charges 2) Amortisation 3) Interest Can you afford your home? Can youaffordyourhome? Total Income Housing costs Other Income Nebenverdienst 100% max. 35% 1)1% of Value 2) 2nd Mortgage to be amortized 3) Mortgage interest (currently 4.5%)

  6. Valiant Group Valiant Holding AG Group Management and Shared Services Valiant Bank AG Valiant Privatbank AG • Wealth Management for Private and Institutional Investors • Individual private banking • Discretionary mandate • Domestic Retail Banking • Credits • Retirement plans • Payment services • Asset management

  7. Our clear position pays off

  8. Market Position Valiant • Customers 400‘000 • Branches 88 • Employees 914 • Shareholders 46‘000 Valiant is one of the strongest players in its home market.

  9. Facts und Figures • Among the top 10 Swiss Retail / Private Banks • Focus on low risk, standard products and highly loyal customer base • Steady increase of share price since SWX listing in 1997 Valiant core competencies Efficient banking Very low Cost/Income ratio Currently at 46.6% Target < 50% achieved Risk Management Valuation adjustments < 0.20%, Currently 0.02% M&A Growth by acquisition, track record of 21 banks since 1991

  10. 475 450 425 400 375 350 325 300 275 250 225 200 175 150 125 100 75 50 25 0 -25 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Share Price since SWX-listing in 1997 CHF in % UBS Valiant Holding CS GROUP SPI MSCI World Banks 01/01/1997 30.09.2008 With a CAGR of 16.16%, Valiant is a top performer.

  11. Market Capitalization Valiant Since 1997, Valiant‘s market value has grown by a factor of 7.

  12. Key figures • 31.12.07 • in m CHF in m EUR • Exchange Rate 1.60 • Balance sheet total 17'890 11'181 • Total Client Assets 14'650 9'156 • Net profit 152 95 • Equity 1'677 1'048 • Required Equity 938 586 • Cost/Income ratio 46.60 % • Return on Equity 10.05 % • Return on required Equity 16.26 % • Tier 1 + Tier 2 14.49 % • Moody's Rating A1 / C+ / P-1

  13. Operating income • 31.12.07 • in m CHF in m EUR • Exchange Rate 1.60 • Net interest income 311 194 • Net commission and service fee income 80 50 • Net trading income 14 9 • Other income 9 6 • Total operating income 414 259

  14. Comparison of Swiss Banks Market Cap • Market Cap (in m CHF) • as per 09/30/2008 / source Bloomberg • 1. Credit Suisse 56‘592 • 2. UBS 54‘135 • 3. Julius Baer 11‘480 • 4. EFG International 4‘693 • Valiant Holding 3‘269 • BCV 2‘864 • St. Galler Kantonalbank 2‘581 • Bank Vontobel 2‘308 • Berner Kantonalbank 2‘184 • Bank Sarasin 2‘149 Valiant is in the Top 10 of Swiss Banks.

  15. Shareholders by origin (in %) Shareholders by legal form (in %) Shareholders by size (in %) Our Shareholders Our Shareholders Valiant enjoys a well balanced, stable shareholder structure.

  16. Outlook / Priorities • Company strategy + risk policy remain unchanged • Further outsourcing • M & A • Organic growth

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