7 Change of control and defensive measures

The Liechtensteinische Landesbank is a banking institute licensed under Liechtenstein law with its registered office in the Principality of Liechtenstein. The regulations of the Swiss stock exchange law concerning public purchase offers are not therefore applicable to the Liechtensteinische Landesbank as a possible target company. The Landesbank's statutes contain no regulations comparable with the Swiss provisions regarding opting out or opting up. Likewise, there are no change of control clauses in favour of the Board of Management, the Board of Directors or other senior executives.

Pursuant to the law on the Liechtensteinische Landesbank, the Principality of Liechtenstein must hold at least 51 percent of the capital and votes.