GNW-Adhoc: Ad-hoc announcement: GAM Holding AG provides an update on the annual results for 2022

^24. April 2023

MEDIA RELEASE

Ad hoc announcement according to Art. 53 Listing Rules:

GAM Holding AG announces an update on the full year results 2022, published

Interim Management Statement for Q1 2023 and gives new date for

the

Release of 2022 annual report announced

* As previously announced, GAM is in advanced discussions

about strategic options for the company.

* This includes the talks with the British wealth manager

Liontrust Asset Management Plc to merge the two companies.

* The talks are aimed at the company being in everyone’s best interest

Position stakeholders strategically.

* Another announcement will be made upon successful completion, which we

Expect by May 4th at the latest.

* To identify the business-relevant aspects as part of the strategic review

to be completed in a target-oriented manner and the preparation of the annual report

finalize, the publication of the annual report 2022 will be shortly

postponed to May 4, 2023.

* Update on the annual results 2022:

* Total assets under management as of December 31, 2022

CHF 75.0 billion, of which CHF 23.2 billion in investments

Management and CHF 51.8 billion in Fund Management Services.

* In 2022, negative market movements and exchange rate effects were in

Amount of CHF 15.2 billion for more than 60% of the overall decline in

managed assets responsible.

* There were outflows in the Investment Management division in the 2022 financial year

of client funds of CHF 2.6 billion – in absolute and

on a relative basis, these were the lowest since 2018.

* There were net outflows of in Fund Management Services

Client funds of CHF 6.0 billion, partly due to the

last tranche of a client in the amount of CHF 2.5 billion

was due to do business in January 2021

announced broader strategic partnership to another

provider has shifted.

* Good investment performance in the 2022 financial year:

* 55% of assets under management in Investment Management

developed over a period of three as at 31 December

years better than their benchmark.

* 66% and 67% of Morningstar-tracked assets under management by

GAM outperformed their respective over three and five years

comparison groups, compared with 70% and 62% per

December 31, 2021.

* Over a three-year period, 7 of the 13 greatest scored

Strategies one top decile performance and two more of those

strategies a top quintile performance.

* As previously announced on January 25, 2023, the Group expects for the

Full-year 2022 adjusted loss before tax of around CHF 42.8

million and an IFRS net loss after tax of approximately CHF 309.9

Millions.

* Interim report for the first quarter of 2023:

* As of March 31, 2023, assets under management increased to

CHF 23.3 billion in Investment Management on net outflows of

Client deposits of CHF 0.6 billion and positive market and

Exchange rate movements of CHF 0.7 billion compared to

total CHF 23.2 billion as of December 31, 2022.

* Assets under management of CHF 48.4 billion in Funds

Management Services on net outflows of client funds of

CHF 4.7 billion and overall positive net market and

Exchange rate movements of CHF 1.3 billion compared to

total CHF 51.8 billion as of December 31, 2022.

The presentation of the 2022 annual results of GAM Holding AG for analysts,

Investors and media will now be informed on May 4, 2023 at 10:00 a.m. (CET) via Webex

take place.

Upcoming dates:

May 4, 2023 Publication of the annual report and presentation

of the annual results for 2023

May 25, 2023 Ordinary General Assembly

August 3, 2023 Half Year Results 2023

For further information:

Charles Naylor

Head of Communications and Investor Relations

T +44 7890 386 699

Media Relations

Ute Dehn Christen

T +41 58 426 31 36

Visit us at: www.gam.com

Follow us on: Twitter and LinkedIn

About GAM

We are an active and independent global wealth manager that has

Thinks beyond the obvious to make our customers distinctive and

to offer differentiated investment solutions across our three core businesses:

investment management, wealth management and fund management services.

Our goal is to protect and protect the financial future of our customers

improve. We attract and empower the brightest minds, a

Leading investment, innovating and

positively impacting society and the environment.

As a service provider for institutions, financial intermediaries and private investors

we manage assets of CHF 75.0 billion.

Headquartered in Zurich, GAM Investments is listed on the SIX Swiss Exchange under the

Symbol «GAM» listed on the stock exchange and employs 541 full-time employees in

14 countries with investment centers in London, Cambridge, Zurich, Hong Kong, New

York and Milan (as of December 31, 2022). Our operational centers are located

located in Dublin, Luxembourg and London.

Disclaimer Regarding Forward-Looking Statements

This media release from GAM Holding AG (“the Company”) includes

Forward-looking statements that reflect intentions, beliefs or current

Society’s expectations and projections about its future

business results, financial condition, liquidity, performance, prospects,

strategies, opportunities and the business environment in which they operate

moved, reflect. Forward-looking statements cover all events that

do not represent historical facts. Society has tried this

Statements made by using words such as “could”, “will”, “should”,

«expects», «intends», «estimates», «anticipates», «believes», «attempts»,

“plans”, “forecast” and similar terms. Such

Statements are made based on estimates and expectations that

may turn out to be wrong, even though society has them at the present time

timing deemed appropriate.

These forward-looking statements are subject to risks, uncertainties, assumptions

and other factors that could cause the actual

results of operations, financial condition, liquidity, performance, prospects and

Possibilities of society and the markets that society serves

or intends to operate, materially from these forward-looking statements

statements differ. Important factors that lead to such deviations

may include: changes in the business or market environment,

legislative, fiscal or regulatory developments, the general

economic situation and the possibilities of society on developments

to respond in the financial services industry. Additional factors can

actual results, performance or achievements are material

influence. The company expressly assumes no obligation and

Also does not intend to provide updates or corrections to any in

forward-looking statements contained in this media release

or changes in the Company’s expectations or changes in

events, conditions and circumstances upon which these forward-looking statements are based

Statements are based, to the extent not required by applicable law or

regulatory provisions is required.

°

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