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GAM Holding AG: Launch of new share buy-back programme

ack programme.
Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is
solely responsible for the content of this announcement.
Zurich, 28 April 2014

GAM Holding AG today launches a new share buy-back programme with a maximum
limit of 16.7 million shares, to be bought back over a period of up to three
years. The shares will be repurchased over a second trading line at the SIX
Swiss Exchange and earmarked for cancellation.

As announced at the presentation of its annual results on 4 March 2014, GAM
Holding AG today is starting a new share buy-back programme with the purpose
of capital reduction. The cancellation of shares is subject to shareholder
approval at future Annual General Meetings (AGM). Under the new programme,
GAM Holding AG intends to repurchase up to 16.7 million shares. This
corresponds to 10% of its shares in issue excluding the 6.6 million shares
bought back under the previous buy-back programme which are to be cancelled
(as per shareholder vote at the last AGM held on 15 April 2014).

The programme is scheduled to run over a maximum period of three years, ending
on 27 April 2017. The share buy-backs will be executed over a second trading
line at the SIX Swiss Exchange where GAM Holding AG acts as sole buyer. The
sale of GAM Holding AG shares over the second trading line will be subject to
the Swiss federal withholding tax of 35%, calculated on the difference
between the repurchase price of the shares and their par value.

Details of the new share buy-back programme 2014-2017 can be found

For further information please contact:

Larissa Alghisi Rubner

T: +41 (0) 58 426 62 15

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


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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