EANS-Adhoc: Bank Sarasin + Cie AG / FINMA approves the purchase by Safra Group of Rabobank's majority interest in Bank Sarasin; new composition of the Board of Directors

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

Company Information

22.06.2012

FINMA, the Swiss financial market supervisory authority, has approved
the acquisition by the Safra Group of Rabobank's majority interest in
Bank Sarasin. The transaction is expected to close by the end of July
2012, pending remaining approvals by some international regulatory
bodies. The Safra Group expects the new Board of Directors of Bank
Sarasin & Co. Ltd to be composed of Mrs. Dagmar G. Woehrl, Messrs.
Pierre-Alain Bracher, Philippe Dupont, Hans-Rudolf Hufschmid, Sergio
Penchas, Jacob J. Safra, Sipko N. Schat and Marcelo Szerman.

Jacob Safra, Vice-Chairman of J. Safra Holding AG, stated, "Safra is
highly confident in Sarasin's long term potential, fully supports and
has the highest regard for Sarasin's management and employees.
Sarasin's business strategy, the Sarasin brand, and its successful
relationships with clients are consistent with the Safra banking
tradition and success."

Joachim H. Straehle, CEO of Bank Sarasin & Co. Ltd, comments, "I am
very happy about the FINMA approval. As majority shareholder, Safra
Group will give us a strong capital base plus a firm commitment to
our growth strategy and foresighted business model. This will
reinforce our strong position as an independent Swiss private bank
and our established Sarasin brand. With the completion of the
transaction, we can look forward to an exciting future working with
Safra and with our new Board."

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

end of announcement euro adhoc
--------------------------------------------------------------------------------

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