LLB bearer share

The bearer share of the Liechtensteinische Landesbank is listed on the SIX Swiss Exchange. In 2011, banking shares came under particular pressure. The debt crisis of the euro countries, exchange rate turbulence and the general decline in confidence in financial institutions led to a fall in share prices in Europe. The LLB bearer share was not able to escape this trend and lost 43.2 percent.

Market capitalization

The LLB bearer share is listed on the SIX Swiss Exchange under the symbol LLB (security number 3019524). In 2011, 2.05 million LLB bearer shares were traded there, which corresponds to 6.7 percent of all shares issued. As at 31 December 2011, the market capitalization of Liechtensteinische Landesbank AG stood at CHF 1.3 billion with a total of 30.8 million shares.

Analysts' assessment

In 2011, the LLB bearer share was monitored by analysts from the following banks, who regularly published studies and assessments of LLB: Bank Vontobel, MainFirst, UBS and the Zürcher Kantonalbank.

Over the course of 2011, one analyst rated the LLB bearer share from «hold» to «sell». Three analysts kept their rating unchanged at «hold» throughout the whole year.

Communication with the capital market

By engaging in an open and ongoing dialogue with investors, analysts and representatives of the media the LLB Group aims to provide them with an up-to-date picture of the opportunities and risks relating to our business activities. As a listed company, we are obliged to publish important price-relevant information, including ad hoc information about exchange-relevant transactions by means of media communiqués to all stakeholders. We therefore inform shareholders, clients, employees and the public simultaneously, comprehensively and regularly about our business performance, value drivers as well as our strategy and provide them with an overview of our key financial and operational figures. The aim is to ensure that the price of the LLB bearer share fairly reflects the value of the company.

The LLB Group publishes annual and interim financial reports, part of which were media and analyst conferences as well as conference calls. At the General Meetings of Shareholders, the Board of Directors and the Board of Management provide transparent reporting. Moreover, in the course of the year we have regular discussions with investors, inform the public within the scope of road shows and participate in conferences for financial analysts and investors.

All publicly accessible information about the LLB Group can be accessed at our website www.llb.li. The public is welcome to register for electronically provided exchange-relevant information about the LLB Group (www.llb.li/registration). The annual and interim financial reports are published by us in printed form and have also been available in a comprehensive online version with numerous additional functions since 2005.

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