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Results for the first Half of 2009Results for the first Half of 2009Press conference, 24Press conference, 24ththJ uly 2009J uly 2009

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AgendaAgenda

Edelweiss

Business Development

Trends for the 3nd Quarter

New Services

Interim Statement of Financial Positions

Key Figures

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Edelweiss, Quant Fund & Co.Edelweiss, Quant Fund & Co.

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EdelweissEdelweiss

The latest Marketing campaignhighlights the Swissness of ourbank

Swissquote is market leader inSwitzerland with the highestgrowth and market share of above55%

Growth potential is still high. Theneed to develop the scope ofservices as well

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Re: Market Share* inRe: Market Share* in SwitzerlandSwitzerland

20% of the adult populationdomiciled in Switzerlandowns securities (1Mio)

40% of it are Self Directedinvestors and use theservices of existing OnlineBanks

Swissquote has a 55%

market share

We estimate the total marketpotential for Swissquote tobe at min. 200000 clients

Source: Universitt Zrich, Swiss Banking Institute, Finanz und Wirtschaft 9.05.09

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Re: Market Share* inRe: Market Share* in SwitzerlandSwitzerland

The remaining 60% consists of:

pure private banking type ofclients (represents 25% ofshareholders)

Validators type of clients

(represents also 25% ofshareholders)

Some Non Investors

The new ePrivate Banking

services, Swissquote is workingon, are targeting the Validatortype of clients (in blue on thechart)

Quelle: Universitt Zrich, Swiss Banking Institute

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SwissquoteSwissquote Quant Swiss Equities FundQuant Swiss Equities Fund

Performance of theSwissquote managedinvestment fund continuesdeveloping nicely

Serves as benchmarks forthe development ofePrivate Banking tools

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BusinessBusiness DevelopmentDevelopment

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Trading Volumes in 2Trading Volumes in 2ndnd Quarter 2009Quarter 2009

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

0

2'000

4'000

6'000

8'000

10'000

12'000

Q1-03

Q2-03

Q3-03

Q4-03

Q1-04

Q2-04

Q3-04

Q4-04

Q1-05

Q2-05

Q3-05

Q4-05

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

darts tpcpy

Recovery of trading volumes in Q2-2009

Tpcpy = 18

Darts = 8750

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Commission, Interest & Trading IncomeCommission, Interest & Trading Income

Fee and commission income remained stable thx to client growth

Interest revenue collapsed

Trading revenues continue developing nicely (eForex)

0

5'000

10'000

15'000

20'000

25'000

30'000

35'000

Q1-05

Q2-05

Q3-05

Q4-05

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Trading

Interest

Commission

CHF '000

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Client GrowthClient Growth

Growth remains strong

6348 net clients in 2nd quarter 2009

Saving clients accounts are growing strongly (+ 1550 clients) The Swissquote success story goes on

0

1'000

2'000

3'000

4'000

5'000

6'0007'000

8'000

9'000

10'000

Q1-04

Q2-04

Q3-04

Q4-04

Q1-05

Q2-05

Q3-05

Q4-05

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Saving Client Growth

Trading Client Growth

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AssetsAssets UnderUnder CustodyCustody RecoverRecover in 2in 2ndnd QuarterQuarter 20092009

240.3 Mio Net new funds in Q2-2009

Rebound in markets and net new fund increase Assets underCustody to 5.5 Mia

1'500

2'000

2'500

3'000

3'500

4'000

4'500

5'000

5'500

6'000

6'500

Q1-05

Q2-05

Q3-05

Q4-05

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

CHF million

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CostsCosts andand RevenuesRevenues per Client andper Client and QuarterQuarter

Shrinking of revenues stopped. Interest rates at lowest levels hitrevenues per client

Consistent control over cost and focus on productivity since 2003

secures a strong 10.7 Mio EBT Investments in marketing and new services go on

0

50

100

150

200

250

300

350

400

450

Q1-03

Q2-03

Q3-03

Q4-03

Q1-04

Q2-04

Q3-04

Q4-04

Q1-05

Q2-05

Q3-05

Q4-05

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Costs Marketing Revenues

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QuarterlyQuarterly RevenuesRevenues ChartChart

0

2'500

5'0007'500

10'000

12'500

15'000

17'500

20'000

22'500

25'000

27'500

30'000

32'500

Q1-05

Q2-05

Q3-05

Q4-05

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Operating Profit

Quarterly Revenues

Revenues at 25 Mio up 7.2% compared to previous quarter

10.7 Mio Operating profit and 8.5 Mio Net profit

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H1H1--20082008

--11.4%11.4%

--28.5%28.5%

+26.5%+26.5%

--0.4%0.4%

--6.3m6.3m

--6.3m6.3m

+27+27587587

--23m23m

+11.8%+11.8%+16.1m+16.1m

48.3m48.3m

15.9m15.9m

131131834834

55485m485m

152.4m152.4m

--28.2%28.2%--8.0m8.0m20.3m20.3m

H1H1--20092009

KeyKey FiguresFigures First Half (First Half (comparedcompared toto previousprevious yearyear))

RevenuesRevenues

Net profitNet profit

ClientsClients

Assets u. CustodyAssets u. Custody

EquityEquity

Operating profitOperating profit

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Trends for the 3rd QuarterTrends for the 3rd Quarter

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Target growth in 3Target growth in 3rdrd quarter : + 5quarter : + 5000 New Clients000 New Clients

0

20

40

60

80

100

120

140

160

180

200

220

240

108000

110000

112000

114000

116000

118000

120000

122000

124000

126000

128000

130000

132000

01.oct.

01.nov.

01.d

c.

01.janv.

01.f

vr.

01.mars

01.avr.

01.mai

01.juin

01.juil.

01.aot

01.sept.

TotalAccounts[T,C,M] Target Requests

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New ServicesNew Services

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DynamicDynamic SavingSaving AccountsAccounts

Since 1st April 2009 rate leadershipat 1,8%

Already more than 145 Mio. assets

4885 clients at 30 J une 2009(+ 1550 in the 2nd quarter)

Increased scope for saving clientswith ETF saving plans

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DynamicDynamic SavingSaving AccountsAccounts SavingSaving PlansPlans

Innovative Tools

Full automation of theinvestment process

Investment planningassisted by a robot

Efficient design andmodern ergonomy

The new saving tool forthe Internet era.

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CurrencyCurrency-- andand PreciousPrecious MetalMetal--TradingTrading

Successful new services withalready 1100 active clients

New currency (SEK) added. In total26 tradable currency pairs

Since 24 J uly, trading in gold andsilver is possible. No commission.Spread of 60 cts for gold and 4 ctsfor silver

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CurrencyCurrency-- andand PreciousPrecious MetalMetal--TradingTrading

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Interim Statement of Financial Position at 30Interim Statement of Financial Position at 30J uneJ une 20092009

[CHF m] 30 June 2009 31.12.2008 Change %

ASSETSDeposit at central bank 61.3 293.2 231.9- -378.3%

Treasury Bills 668.0 -Loans and advances to banks 496.4 765.7 269.3- -54.3%

Trading assets 17.6 -Loans to customers 84.9 71.7 13.2 15.5%

Investment securities 267.6 165.9 101.7 38.0%

Property & systems 31.9 31.3 0.6 1.9%

Other assets 19.6 18.3 1.3 6.6%

Total assets 1,647.3 1,346.1 301.2 18.3%

LIABILITIES AND EQUITYLiabilities

Due to customers 1,451.8 1,166.3 285.5 19.7%Other liabilities 43.1 40.7 2.4 5.6%

Total liabilities 1,494.9 1,207.0 287.9 19.3%

EquityOrdinary shares 2.9 2.9 - 0.0%

Reserves & retained earnings 175.1 160.8 14.3 8.2%

Treasury shares (25.6) (24.6) (1.0) 3.9%

Total equit y 152.4 139.1 13.3 8.7%

Total liabilities and equity 1,647.3 1,346.1 301.2 18.3%

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StructureStructure of Financialof Financial PositionsPositions at 30at 30J uneJ une 20092009

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EquityEquity andand SurplusSurplus

0

20

40

60

80

100

120

140

160

180

Q2-08 Q3-08 Q4-08 Q1-09 Q2-09

Total Equity Equity Surplus

CHF mill ion

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KeyKey FiguresFigures

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