Performance

In line with the negative market trend, the LLB bearer share made a weak start to 2009. As a result of the global financial crisis and the accompanying loss of trust, the banking sector suffered more than others.

The discussions concerning bank client confidentiality and the Liechtenstein financial centre triggered further price losses for Liechtenstein bank shares. Our bearer share started the year under report with a value CHF 50.50. On 3 March 2009, it had fallen to its low for the year of CHF 35.00. Over the same period, the European banking sector lost over 40 percent.

Thereafter, the LLB bearer share climbed by 24.8 percent in the first half year of 2009 to CHF 63.00 (equivalent period in the previous year: –17.9 %). Over the same period, the SMI Index fell by 2.4 percent. The share's good performance was boosted by the publication of the 2008 business result. Up to the end of 2009, the LLB bearer share moved sidewards within the scope of the market development. The year-end price stood at CHF 68.95.

The total return of the LLB bearer share in 2009 stood at 44.0 percent. The LLB Group's market capitalisation at the end of 2009 amounted to CHF 2.1 billion (previous year: CHF 1.6 billion).

Share performance

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31.12.2009

31.12.2008

*

Proposal of the Board of Directors to the General Meeting of Shareholders on 7 May 2010.

Number of shares eligible for dividend

28'479'617

28'463'470

Free float

10'779'617

10'763'470

Year's high (29 May 2009/14 February 2008)

69.95

101.60

Year's low (3 March 2009/22 December 2008)

35.00

47.05

Year-end price

68.95

50.50

Performance LLB (in %)

36.5

–49.2

Performance SMI (in %)

18.3

–34.8

Performance DJ Stoxx 600 Banks (in %, in USD)

51.6

–66.1

Average trading volume

7'908

12'467

Market capitalisation (in CHF billions)

2.1

1.6

Earnings per LLB share (in CHF)

6.12

5.08

Dividend per LLB share (in CHF)

* 3.40

3.40

Dividend yield at year-end price (in %)

4.9

6.7