The details of the management report of Liechtensteinische Landesbank AG, Vaduz, can largely be seen in the consolidated report of the LLB Group.
On the balance sheet date, Liechtensteinische Landesbank AG, Vaduz, and its subsidiaries held a total of 2'384'376 bearer shares (previous year: 2'300'000 bearer shares). This corresponds to a share capital stake of 7.7 percent (previous year: 7.5 %). With respect to the volume of and changes to treasury shares of Liechtensteinische Landesbank AG, reference is made to the individual financial statement.
The Board of Directors proposes to the General Meeting of Shareholders on 4 May 2012 that a dividend to the previous year of CHF 0.30 per bearer share be paid out.
No important changes have occurred since the balance sheet date which would necessitate the reporting of any additional data or a correction of the 2011 financial statement.