Russian Economic and Financial Forum Zurich, Short introduction to Liechtenstein

Comparison Liechtenstein - Russia Total area:160 km 2 17’ km 2 (fourth smallest state in Europe)(world’s largest state) Capital:VaduzMoscow Currency:Swiss francRouble Official language:High GermanRussian Population:34’294144’752’000 Population density:215 inhabitants per km inhabitants per km 2 Gross domestic product:$ 190’000 pro capita$ 1750 pro capita

History (17th to 19th Century) 1712 … the County of Vaduz 1699 Prince Johann Adam Andreas of Liechtenstein purchases the Lordship of Schellenberg and… 1719 Vaduz and Schellen- berg elevated to the status of “Imperial Principality of Liechtenstein” 1806 Principality gains sovereignty by becoming a member of the Rhine Confederation 1852 Customs treaty with Austria-Hungary

History (20th Century) 1978 Membership of the European Council 1924 Customs treaty with Switzerland, introduction of the Swiss franc as the official currency 1921 New Constitution (largely unchanged to this day) comes into force 1997 Archdiocese of Vaduz is established 1990 Liechtenstein becomes the 160th member of the United Nations 1991 Membership of EFTA 1995 Membership of EEA

System of State and Government According to Article 2 of the Constitution, “the Principality is a constitutional hereditary monarchy on a democratic and parliamentary basis; the power of the State is inherent in and issues from the reigning Prince and the people”.

Population and employment since ‘338 13‘757 33‘525 28‘793 12‘908

Breakdown of Persons Employed (by Economic Sector) Forestry and agriculture 1% Industry and goods production 45% Financial services 25% General services 29%

Industry in Liechtenstein  Out of a total working population of 29’055, 45% (13’073) are employed in industry and commerce  Key export countries: USA, Switzerland, Germany, France, Italy, Hong Kong, Japan, Spain  The industrial exports raised from CHF 15 million (1950) to CHF 4646 million (2003) within 50 years  Liechtenstein-based industrial companies employ 26,873 people at 195 foreign branches ThyssenKrupp Presta

Liechtenstein’s Business Advantages  political continuity and stability  liberal economic policies  efficient banking system  strict banking secrecy  economic, customs and monetary union with Switzerland  member of the European Economic Area (EEA)  free movement of services within the EU  special Liechtenstein company structures  well-educated, skilled workforce

LGT Group

LGT Group: Privately owned company with capital strength Group profit (in CHF m)79,7 Balance sheet key figures (in CHF bn) Balance sheet total 14,1 Equity capital 1,8 Assets under administration (in CHF bn) Client assets under administration48,5 of which assets under management20,4 Total staff1‘241 Standard & Poor‘s / Moody‘s Ratings for LGT Bank in Liechtenstein AG AA- / Aa3

Europe  Liechtenstein: Vaduz  Switzerland: Basel, Bern, Chur, Davos, Geneva, Lausanne, Lugano, Pfäffikon, Zurich  Germany: Berlin, Cologne, Frankfurt, Hamburg, Munich, Stuttgart  Luxembourg  Ireland: Dublin  Channel Islands: Jersey International network Asia  Hong Kong  Japan: Tokyo  Singapore  Malaysia: LabuanAmericas  Uruguay: Montevideo  USA: New York  Cayman Islands  British Virgin Islands Vaduz

Alignment of interests Operational business Private banking Asset management Alternative investments Trust services Financial investor Princely Portfolio CHF 1.8 bn. in LGT „Global Investable Markets GIM“ Co-investment for clients Focus on core competencies Exploitation of global Investment possibilities LGT Group

LGT - The wealth management experts of the Princely House of Liechtenstein Peter Paul Rubens