Results of the Annual General Meeting of GAM Holding AG

GAM Holding AG / Results of the Annual General Meeting of GAM Holding AG . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

• Dividend of CHF 0.65 per share approved

Hugh Scott-Barrett elected as chairman of the Board of Directors

Diego du Monceau, Nancy Mistretta, Ezra S. Field and Benjamin Meuli re-elected

David J. Jacob elected as new member of the Board of Directors

Board of Directors candidates proposed by RBR Strategic Value Ltd not elected

At the Annual General Meeting (AGM) held on 27 April 2017, the shareholders of GAM Holding AG approved the management report, the parent company's financial statements and the consolidated financial statements for 2016. Shareholders discharged the members of the Board of Directors and the Group Management Board for the 2016 financial year.

Dividend of CHF 0.65 per share

Shareholders approved a dividend of CHF 0.65 per share for 2016, unchanged from the previous year. The dividend will be distributed from capital contribution reserves, 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 Swiss income tax. In total, the dividend distribution will amount to approximately CHF 102 million.

Elections to the Board of Directors

Hugh Scott-Barrett, Diego du Monceau, Nancy Mistretta, Ezra S. Field and Benjamin Meuli were re-elected to the Board of Directors, with Hugh Scott-Barrett elected as chairman following the retirement of Johannes A. de Gier. The Board of Directors thanked Johannes A. de Gier for his long years of service and his enormous contribution to the Group over the past years.

Shareholders also elected David J. Jacob as new member of the Board of Directors. Nancy Mistretta and Benjamin Meuli were further re-elected as members of the compensation committee, while Diego du Monceau was not re-elected to the committee.

The candidates proposed for election to the Board of Directors by RBR Strategic Value Ltd, Cayman Islands, acting in its own name and on behalf of two RBR funds, were all not elected by shareholders.

Hugh Scott-Barrett, the new chairman of the Board of Directors, said: "It is a privilege to lead this company as chairman and I am looking forward to ensuring we reach the ambitious targets we have set for GAM. As a Board of Directors we will all work hard to keep an unrelenting focus on the disciplined execution of the strategic plan that was developed together with the management team. The Board and I firmly believe we have the right plan and the right team in place to further accelerate GAM's turnaround with a focus on creating sustainable long-term value in the interests of all shareholders."