LLB General Meeting 2024 - shareholders approve all motions

   Liechtensteinische Landesbank / LLB / Key word(s): AGMEGM
   LLB General Meeting 2024 - shareholders approve all motions
   19.04.2024 / 21:15 CET/CEST
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   Vaduz, 19 April 2024. The shareholders of Liechtensteinische
   Landesbank AG (LLB) approved all motions put forward by the Board
   of Directors at the 32nd General Meeting of Shareholders. As a
   result, the dividend paid by LLB increased from CHF 2.50 to
   CHF 2.70. The Chairman of the Board of Directors, Georg Wohlwend,
   and the Board members Richard Senti and Thomas Russenberger were
   re-elected.

   The 2023 annual financial statements were approved at the General
   Meeting by a large majority of the roughly 740 shareholders in
   attendance, representing 73.39 per cent of the voting share
   capital. In addition, the LLB shareholders also discharged the
   Board of Directors, the Board of Management and the independent
   auditor KPMG Liechtenstein AG. Furthermore, KPMG was elected for
   a further year as independent auditor and Group auditor of the
   LLB Group.

Dividend increased by 8 per cent

   The shareholders approved the proposal of the Board of Directors
   for the appropriation of the 2023 net profit of
   CHF 102,706,545.05. As a result, the dividend increased by 8 per
   cent from CHF 2.50 to CHF 2.70. The dividend yield amounts to 4.1
   per cent. This will benefit not only investors and private
   shareholders, but also the Principality of Liechtenstein as the
   main shareholder. In 2023 the State was paid dividends, taxes and
   levies totalling CHF 45.2 million, which was welcomed with great
   satisfaction by Liechtenstein's Prime Minister Dr Daniel Risch,
   as the representative of the main shareholder at the General
   Meeting.

Re-elections to the Board of Directors

   The three-year term of office held by the Chairman of the Board
   of Directors, Georg Wohlwend, and the Board members Richard Senti
   and Thomas Russenberger came to an end with the General Meeting.
   The General Meeting approved the motion of the Board of Directors
   and re-elected the three individuals for a further term of office
   on the seven-member board.

Acquisition of treasury shares

   In addition, the Board of Directors proposed that it be
   authorised to acquire treasury shares up to at most 10 per cent
   of the share capital over the next five years (until 2029). The
   General Meeting also approved this proposal.

Best Group net profit in more than ten years

   "Last year, the LLB Group once again posted extremely positive
   growth and was able to increase even further the Group net profit
   of 2022, which was already extremely good. The Group net profit
   rose by 10.2 per cent to CHF 164.7 million, thus achieving the
   best result in more than ten years," noted Group CEO Gabriel
   Brenna in his speech to the General Meeting. With net new loans
   of CHF 1.0 billion and net new money of CHF 1.4 billion, LLB
   successfully built on the high growth achieved in previous years.
   For the second time in the company's history, business volume
   exceeded the CHF 100 billion mark. Despite the investments made
   in the Bank's future, the cost-income ratio stood at a highly
   satisfactory 64.3 per cent (2022: 64.0 per cent). This is a
   reflection of the higher earnings and steadily increasing
   efficiency of the LLB Group.

   With a Tier 1 ratio of 19.8 per cent and a Moody's deposit rating
   of Aa2, the LLB Group embodies the highest levels of stability
   and security.

Successful implementation of the ACT-26 strategy

   Implementation of the ACT-26 strategy is proceeding on schedule
   in terms of all three key strategic elements: growth, efficiency
   and sustainability. To further expedite growth, the LLB Group
   opened three new locations in Germany in January 2024 (Munich,
   Frankfurt, Düsseldorf). They will be joined in the coming months
   by two new locations in Switzerland (Zurich and St. Gallen).

   In his speech, Georg Wohlwend, Chairman of the Board of
   Directors, remarked: "As Chairman of the Board of Directors, I am
   proud of our ability to succeed in an extremely competitive
   market and meet the needs of our clients time and time again. But
   just as important as coming up with innovations is of course
   cherishing what we've achieved and preserving our values. And one
   such value is stability, which LLB has embodied for generations."

   Important dates
     * Tuesday, 23 April 2024 - Ex-dividend date
     * Thursday, 25 April 2024 - Dividend payment
     * Monday, 26 August 2024 - Publication of the semi-annual
       results for 2024
     * Wednesday, 16 April 2025 - 33rd General Meeting of
       Shareholders

Brief portrait

   Liechtensteinische Landesbank AG (LLB) is the longest-established
   financial institute in the Principality of Liechtenstein. The
   majority shareholder is the Principality of Liechtenstein. The
   shares are listed on the SIX Swiss Exchange (symbol: LLBN). The
   LLB Group offers its clients comprehensive wealth management
   services: as a full-service bank as well as in private banking,
   asset management and fund services. With 1,213 employees (in
   full-time positions), the Group is represented in Liechtenstein,
   Switzerland, Austria, Germany and the United Arab Emirates. As at
   31 December 2023, the business volume of the LLB Group was
   CHF 102.2 billion.

   Contact
   Liechtensteinische Landesbank AG
   Cyrill Sele, Head Group Corporate Communications & Sustainability
   Telephone +423 236 82 09, E-Mail ir@llb.li, Internet
   http://www.llb.li

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   End of Media Release
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   Language: English
   Company: Liechtensteinische Landesbank / LLB
   Staedtle 44
   9490 Vaduz
   Switzerland
   Phone: +423 236 88 11
   Fax: +423 236 88 22
   E-mail: llb@llb.li
   Internet: www.llb.li
   ISIN: LI0355147575
   Valor: 35514757
   Listed: Regulated Unofficial Market in Frankfurt, Stuttgart; SIX
   Swiss Exchange
   EQS News ID: 1881885

   End of News EQS News Service
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1881885 19.04.2024 CET/CEST