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Bär & Karrer Ltd.

BRANDSCHENKESTRASSE 90, 8027 ZÜRICH, SWITZERLAND
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Work +41 58 261 50 00
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Fax +41 58 261 50 01
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Geneva, Lugano, Zug, Zurich

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Aabar Investments closes deal to acquire AIG Private Bank

April 2009

Aabar Investment PJSC ("Aabar"), a global investment company listed on the Abu Dhabi Securities Exchange, successfully closed the acquisition of AIG Private Bank Ltd., a globally networked Swiss private bank for high net worth individuals, from American International Group, Inc. ("AIG"). Closing occurred further to the signing of the transaction documents on 30 November 2008 and the satisfaction of a number of conditions, including approval by the competent regulatory authorities, in particular the Swiss Financial Market Supervisory Authority (FINMA).

Bär & Karrer advised 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 was 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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