We refer to the publication dated 27 February 2026 on the website of MBaer Merchant Bank AG in Liquidation regarding the withdrawal of the banking license by FINMA and the initiation of the liquidation process.

According to the books of the bank, sufficient assets are available to fully satisfy the claims of bank clients and creditors. However, due to the current restrictions in the payment system, a maximum amount of CHF 100,000 per client can currently be paid out. This amount relates exclusively to existing balances held in Swiss francs (CHF).

Enclosed you will find a payment instruction form, which allows you both to request payment of the currently possible amount from your Swiss franc (CHF) balances and to instruct the transfer of your securities to an account or custody account designated by you.

For technical reasons, we kindly ask all clients who have already submitted segregation requests or withdrawal claims to the bank or to the liquidators to nevertheless complete the enclosed form and return it to us with a legally binding signature.

Payment claims relating to balances exceeding CHF 100’000 will currently be accepted through this form only up to an amount of CHF 100’000.

Please note the following conditions:

• Payments can currently only be made in Swiss francs (CHF).
• Transfers are currently only possible to an account in the same client name at a bank in Switzerland or Liechtenstein.
• Payments to accounts outside Switzerland will likely only become possible at a later stage.
• Securities may be transferred to a custody account in the same client name at a bank in Switzerland or Liechtenstein.
• The purchase or sale of foreign currencies (foreign exchange transactions) is currently not possible. Consequently, currency conversions cannot be performed at this time.

Fiduciary investments are generally subject to segregation. However, payment can only be made once the respective investment has reached its maturity date. Furthermore, as with all payments and transfers, the required checks in accordance with the Swiss Anti-Money Laundering Act (GwG) will be carried out beforehand. Payments from such investments can currently also only be made in Swiss francs (CHF) to an account held in the name of the bank client at a Swiss bank.

Dividends and payments resulting from bond redemptions or comparable corporate actions are also treated as segregated assets. These will be paid out in due course under the conditions outlined above.

All transfers (both cash balances and securities) will be subject to a detailed review by the bank’s compliance team together with the liquidators in accordance with the requirements of the Swiss Anti-Money Laundering Act (GwG). Transactions will only be executed after successful completion of these checks. In certain cases, cooperation with authorities may also be required.

The request for payment or transfer must be signed in a legally binding manner and submitted to the bank in original form by post or courier. In addition, the form may (but does not have to) be sent in advance by email.

If you have any questions, please contact your Relationship Manager. Alternatively, you may reach us at info@mbaerbank.com.

We thank you for your understanding and cooperation during this process.

Kind regards,
MBaer Merchant Bank AG in liq.
The Liquidators