euro adhoc: Bank Sarasin + Cie AG / Mergers - Acquisitions - Takeovers / Rabobank holds the voting majority in Bank Sarasin & Co. Ltd

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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Company Information

12.04.2007

Basel/Utrecht, 12 April 2007

After Rabobank - the triple-A rated Dutch financial services group -
at the end of 2006 exercised its option to purchase all the shares in
Eichbaum Holding Ltd - a holding company owning a majority interest
in Bank Sarasin & Co. Ltd. - the share purchase has been formally
closed on 11 April 2007. As expected, all the preconditions have been
met and the necessary decisions and approvals obtained from the
relevant authorities. Rabobank now owns 46.06% of the share capital
and holds 68.63% of the voting rights, making it majority shareholder
in Bank Sarasin & Co. Ltd. Bank Sarasin retains its operational
independence as a leading Swiss private bank and keeps its public
listing on the Swiss Stock Exchange, SWX.

Bert Heemskerk, CEO of Rabobank Group: "Rabobank’s increased
participation provides extra impetus to the growth strategy that Bank
Sarasin is committed to. It also means all conditions are in place to
step up cooperation between the two banks in selected areas,
especially international markets."

Joachim H. Straehle, CEO of Bank Sarasin & Co. Ltd: "Now that the
share purchase has been completed as expected, we can concentrate
fully on implement-ing our growth strategy, with the backing of our
new majority shareholder, the triple-A rated Rabo-bank."

For more information please contact:

Bank Sarasin & Co. Ltd
Benedikt Gratzl, Corporate Communications, Media Relations
Telephone +41 (0)61 277 70 88 e-mail: benedikt.gratzl@sarasin.ch

Rabobank Group
Jan-Willem ter Avest, Press office
Telephone +31 (0)30 216 17 40 e-mail: J.W.Avest@rn.rabobank.nl

Bank Sarasin & Co. Ltd - Responsibly yours - www.sarasin.com Founded
in 1841, Bank Sarasin is today one of Switzerland’s leading private
banking institutions. Its sustainable success is based on trust,
confidentiality, expertise and dedication. Bank Sarasin’s core
activities include investment advisory and asset management services
for private and institutional clients, as well as an investment funds
business. Its complementary services extend to corporate finance and
financial analysis. The Sarasin Group - headquartered in Basel,
Switzerland - employs over 1,100 staff. In addition to its
headquarters in Basel, the Bank has offices in Zurich, Geneva and
Lugano in Switzerland. Internationally, the Sarasin Group has offices
in Dubai, Guernsey, Hong Kong, London, Luxembourg, Munich, Paris and
Singapore. Bank Sarasin is a limited company. Its shares are listed
on the Swiss Stock Exchange, SWX. Its majority shareholder, Rabobank,
is the only bank in the world without a state guarantee to enjoy a
triple-A rating. Rabobank is one of the world's top twenty financial
institutions, measured by core capital.

Rabobank - www.rabobank.com Rabobank Group is a full-range financial
services provider founded on cooperative principles. The Group is
comprised of 187 independent local Rabobanks in the Netherlands, the
central organisation Rabobank Nederland and a large number of
specialised subsidiaries. The Group’s core objective is to generate
the highest possible customer value. To this end, the organisation
offers its clients all the financial products and services they may
want. Rabobank Group provides services to more than half of the Dutch
population (16 million) and Dutch companies. In the Netherlands,
Rabobank has dominant market positions in almost all financial
services areas: home mortgages, savings, small and medium-sized
businesses, and the food & agri sector. It has also significantly
strengthened its position in the large corporate market. Throughout
the world, Rabobank Group, through Rabobank International, focuses
primary on financing the international food & agri business, a niche
market in which it has a leading position. Rabobank Group has been
awarded the highest credit rating (Triple A), and has 288 offices in
38 countries outside the Netherlands.

end of announcement euro adhoc 12.04.2007 07:00:00
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ots Originaltext: Bank Sarasin & Cie AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Dr. Benedikt Gratzl
Head Corporate Communications
T.: +41(61) 277 70 88
Benedikt.Gratzl@sarasin.ch

Branche: Banking
ISIN: CH0002267737
WKN: 872869
Index: SPI
Börsen: SWX Swiss Exchange / regulated dealing


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