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2014-04-15

GAM Holding AG: Annual General Meeting of GAM Holding AG

GAM Holding AG / Annual General Meeting of GAM Holding AG. Processed and
transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely
responsible for the content of this announcement.
Zurich, 15 April 2014

At the Annual General Meeting (AGM), held on 15 April 2014, the shareholders
of
GAM Holding AG approved a dividend distribution of CHF 0.65 per share for
2013, an increase of 30% over previous dividends. Shareholders also
re-elected all members of the Board of Directors for a new term of office
ending with the 2015 AGM.

The annual report, parent company financial statements and the consolidated
financial statements for 2013 were all approved at the AGM, and shareholders
discharged the members of the Board of Directors and the Group Management
Board for the 2013 financial year.

Dividend increase of 30% to CHF 0.65 per share

Shareholders approved the proposed dividend of CHF 0.65 per share for 2013, an
increase of 30% over the CHF 0.50 per share paid for the previous three
financial years. Shareholders agreed that the dividend would be distributed
from capital contribution reserves (which totalled CHF 1,537.4 million as at
31 December 2013) rather than from retained earnings, making it exempt from
Swiss federal withholding tax for all shareholders. For shareholders resident
in Switzerland who hold the shares as part of their private assets, the
dividend will also be exempt from income tax. In total, the dividend
distribution will amount to around
CHF 105 million, corresponding to approximately half of the underlying net
profit achieved by the Group in 2013.

Share capital reduction (2011-2014 share buy-back programme)

At the AGM, shareholders approved the cancellation of the shares bought back
during 2013 under the current buy-back programme (6,567,929 shares
repurchased at an average price of CHF 16.63 per share) and the corresponding
reduction in share capital. This programme will expire on 17 April 2014, as
planned, and will be followed by a new programme, also with the purpose of
capital reduction. As announced, the new programme will allow for the
buy-back of up to 10% of shares in issue at inception (a maximum of around 17
million shares) and is scheduled to run over a maximum period of three years.
These repurchases are intended to add flexibility in returning excess cash to
shareholders, and to complement future dividend payments which will represent
the preferred means for cash returns to shareholders.

Re-elections to the Board of Directors

In accordance with new legislation for Swiss-domiciled companies listed on a
stock exchange, effective since 1 January 2014, elections for the members of
the Board of Directors, its Compensation Committee and the Chairman of the
Board were held individually, for a term of office ending at the 2015 AGM.

Shareholders re-elected all current Board members - Daniel Daeniker, Dieter A.
Enkelmann, Diego du Monceau, Hugh Scott-Barrett and Tanja Weiher. They also
re-elected Johannes A. de Gier and confirmed him as Chairman. The current
members of the Compensation Committee (Dieter A. Enkelmann, Daniel Daeniker
and Diego du Monceau) were also confirmed.

Further information relating to the AGM of GAM Holding AG can be found
atwww.gamholding.com/agm2014.

Forthcoming events:

---------------------------------------------------
|17 Apr 2014 Ex-dividend date |
|23 Apr 2014 Dividend record date |
|24 Apr 2014 Dividend payment date |
|12 Aug 2014 Half-year results 2014 |
|21 Oct 2014 Interim management statement Q3 2014 |
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For further information please contact:

--------------------------------------------------
|Media Relations: Investor Relations: |
|Larissa Alghisi Rubner Patrick Zuppiger |
|T: +41 (0) 58 426 62 15 T: +41 (0) 58 426 31 36 |
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About GAM Holding AG

GAM Holding AG is an independent, pure-play asset management group with a
focus on active investing. With global distribution networks and investment
teams based in five investment centres in Europe, the US and Asia, it
delivers investment solutions to institutions, intermediaries and private
clients through two leading brands - Julius Baer Funds (distributed by
Swiss&Global Asset Management) and GAM. The Group's investment management
business is complemented by a private labelling unit (operated by
Swiss&Global), which provides outsourcing solutions for third parties.

Headquartered in Zurich, GAM Holding AG is listed on the SIX Swiss Exchange
and is a component of the Swiss Market Index Mid (SMIM) with the symbol
"GAM". The Group has assets under management of CHF 115.3 billion (as at 31
March 2014) and employs over 1,000 staff in 10 countries.

Disclaimer regarding forward-looking statements

This press release by GAM Holding AG ('the Company') includes forward-looking
statements that reflect the Company's intentions, beliefs or current
expectations and projections about the Company's future results of
operations, financial condition, liquidity, performance, prospects,
strategies, opportunities and the industry in which it operates.
Forward-looking statements involve all matters that are not historical facts.
The Company has tried to identify those forward-looking statements by using
words such as 'may', 'will', 'would', 'should', 'expect', 'intend',
'estimate', 'anticipate', 'project', 'believe', 'seek', 'plan', 'predict',
'continue' and similar expressions. Such statements are made on the basis of
assumptions and expectations which, although the Company believes them to be
reasonable at this time, may prove to be erroneous.

These forward-looking statements are subject to risks, uncertainties,
assumptions and other factors that could cause the Company's actual results
of operations, financial condition, liquidity, performance, prospects or
opportunities, as well as those of the markets it serves or intends to serve,
to differ materially from those expressed in, or suggested by, these
forward-looking statements. Important factors that could cause those
differences include, but are not limited to: changing business or other
market conditions, legislative, fiscal and regulatory developments, general
economic conditions, and the Company's ability to respond to trends in the
financial services industry. Additional factors could cause actual results,
performance or achievements to differ materially. The Company expressly
disclaims any obligation or undertaking to release any update of or revisions
to any forward-looking statements in this press release and any change in the
Company's expectations or any change in events, conditions or circumstances
on which these forward-looking statements are based, except as required by
applicable law or regulation.

English Press Release
http://hugin.info/142256/R/1777554/606779.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: GAM Holding AG via Globenewswire

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