Ad hoc announcement

Results of the Extraordinary General Meeting of GAM Holding AG

27 September 2023

PRESS RELEASE

Ad hoc announcement pursuant to Art. 53 Listing Rules:

Results of the Extraordinary General Meeting of

GAM Holding AG

At the Extraordinary General Meeting (“EGM”) held on 27 September 2023, the shareholders of GAM Holding AG approved proposals 1 and 2 regarding the elections to the Board of Directors and the Compensation Committee, but rejected proposals 3 and 4 regarding the creation of conditional capital and the increase of the capital range.

The Board of GAM Holding AG is pleased that Rock Investment SAS ("Rock") announced on 26 September 2023 its intention to provide GAM with a mix of short- and long-term funding up to an increased total of CHF 100 million. Rock is a subsidiary of NJJ Holding, the personal holding company of Xavier Niel, and a member of the NewGAMe investor group that controls approximately 9.6% of the issued share capital of GAM. Rock has already provided short-term financing of up to CHF 20 million to cover GAM’s immediate liquidity needs.

Both NewGAMe and Rock have reiterated their long-term commitment to secure the necessary financial resources to fund GAM’s operations and provide stability for the firm.

The newly elected Board will be convened with immediate effect and may decide to hold a further EGM once the process for NewGAMe’s partial tender offer for up to 17.5% of GAM’s share capital is completed.

A full update on the voting numbers will be provided in a separate announcement shortly.

For further information please contact:

Charles Naylor         
Head of Communications and Investor Relations
T [phone]

Media Relations                
Ute Dehn Christen        
T [phone]        

Visit us: www.gam.com
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GAM

GAM is an independent investment manager that is listed in Switzerland. Total assets under management were CHF 68 billion as at 30 June 2023, with Investment Management at CHF 21.9 billion and Fund Management Services at CHF 46.1 billion. GAM has global distribution with offices in 14 countries and is geographically diverse with clients in almost every continent. It has 3,500 clients globally, of which c. 2,700 are based in Europe. Headquartered in Zurich, GAM Investments was founded in 1983 and its registered office is at Hardstrasse 201 Zurich, 8037 Switzerland.

Other Important Information

This release contains or may contain statements that constitute forward-looking statements. Words such as “anticipate”, “believe”, “expect”, "estimate", "aim", “project”, “forecast”, "risk", “likely”, “intend”, “outlook”, “should”, “could”, "would", “may”, “might”, "will", "continue", "plan", "probability", "indicative", "seek", “target”, “plan” and other similar expressions are intended to or may identify forward-looking statements.

Any such statements in this release speak only as of the date hereof and are based on assumptions and contingencies subject to change without notice, as are statements about market and industry trends, projections, guidance and estimates. Any forward-looking statements in this release are not indications, guarantees, assurances or predictions of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the person making such statements, its affiliates and its and their directors, officers, employees, agents and advisors and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct and may cause actual results to differ materially from those expressed or implied in any such statements. You are strongly cautioned not to place undue reliance on forward-looking statements and no person accepts or assumes any liability in connection therewith.

This release is not a financial product or investment advice, a recommendation to acquire, exchange or dispose of securities or accounting, legal or tax advice. It has been prepared without taking into account the objectives, legal, financial or tax situation and needs of individuals. Before making an investment decision, individuals should consider the appropriateness of the information having regard to their own objectives, legal, financial and tax situation and needs and seek legal, tax and other advice as appropriate for their individual needs and jurisdiction.

Attachment

• 2023 09 27 Ad hoc Results of the Extraordinary General Meeting of GAM Holding AG EN