Interim Management Statement for the first four months of 2024*

Julius Baer Group Ltd. / Key word(s): Interim Report Interim Management Statement for the first four months of 2024* 23-May-2024 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 LR

Substantial increase in assets under management – Marked recovery in client activity – Significant improvement in profitability – Ongoing solid capital position.

Zurich, 23 May 2024 – In the first four months of 2024, Julius Baer’s operating performance benefitted from substantial growth in assets under management (AuM) as well as from a marked recovery in client activity from the multi-year low levels experienced in the second half of 2023 (H2 2023). After a weaker start in January, net inflows improved significantly in the following three months. The sizeable increase in client assets and improving gross margin drove profitability up meaningfully compared to H2 2023, outpacing further growth investments. The Group’s CET1 capital ratio improved to 15.3% at the end of April 2024, underlining the strong capital-generating nature of the Group’s business model.

AuM grew by 10% to CHF 471 billion

In the first four months of 2024, AuM rose to CHF 471 billion, a year-to-date increase of 10%. The increase was driven by a significant positive currency impact and by strong stock markets, only partly offset by a decline in bond market valuations.

After a negative start in January, net new money^** recovered meaningfully to a 3% annualised pace over the subsequent three months, resulting in total net inflows of CHF 1 billion by the end of April. While relationship managers who joined Julius Baer in 2023 again contributed positively to net inflows, the overall result was impacted by ongoing client deleveraging.

AuM included CHF 4.8 billion from Kairos, the sale of which was completed after 30 April 2024. Kairos was deconsolidated as per 2 May 2024.

Gross margin close to 89 basis points