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Bär & Karrer Ltd.

BRANDSCHENKESTRASSE 90, 8027 ZÜRICH, SWITZERLAND
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Geneva, Lugano, Zug, Zurich

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Aabar Investments acquires AIG Private Bank

December 2008

On 30 November 2008, Aabar Investment PJSC ("Aabar"), a global investment company listed on the Abu Dhabi Securities Exchange, acquired AIG Private Bank Ltd., a globally networked Swiss private bank for high net worth individuals, from its parent company American International Group, Inc. ("AIG").

The acquisition is subject to the satisfaction of certain conditions, including approval by the appropriate regulatory authorities, in particular the Swiss Federal Banking Commission. Bär & Karrer is advising Aabar as Swiss legal counsel. Clifford Chance is acting as Aabar's international counsel and Goldman Sachs as its financial advisor. The Bär & Karrer team is led by Ralph Malacrida, partner in the Zurich office, and supported by Till Spillmann (managing associate) and further team members, including the partners Urs Brügger (regulatory), Mani Reinert (antitrust), Peter Reinarz (tax and employment), Markus Wang (IP) and the senior associates Lukas Roesler, Astrid Gilli and others.

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