Judgement in litigation against LLB Verwaltung (Switzerland) Ltd

Vaduz, 6 October 2017.

LLB Verwaltung (Switzerland) Ltd, formerly Liechtensteinische Landesbank (Switzerland) Ltd (the "Former Bank"), is a subsidiary of Liechtensteinische Landesbank AG. As previously published, the Former Bank was sued in England at the beginning of 2015 as a consequence of facts which took place in 2011. The High Court of Justice in London (being the trial court) found that there were wrongdoings by a former employee of the Former Bank and that the Former Bank is also liable for the wrongdoings and loss caused by the former employee in the amount of approx. EUR 10 million plus interest and costs yet to be determined. The Former Bank is not liable as a consequence of own wrongdoings. LLB Verwaltung (Switzerland) Ltd expects that the damage amount will be covered by insurance. The judgement is not yet legally binding. An appeal of the judgement is being considered.