LUXEMBOURG AND THE UHNW INDIVIDUAL STEP Benelux – 26 th February 2014

1. LUXEMBOURG AND THE UHNW INDIVIDUAL STEP Benelux – 26th February 2014

2. Who are we? • Private bank serving UHNW individuals and families across the world. • Established in 2009 • 100% owned by entrepreneurial family originating from UK • Offices in Luxembourg, London and Monaco • A family office with a banking licence Banque Havilland – February 2014 l Page 2 Strictly Private and Confidential

3. Why did we set up a bank? • Response to the global financial crisis – “a safe bank” • Gap in the market for premium service • Support family office activity • Build legacy for the family • Respond to the changing needs of UHNW people in the current environment Professional and personalised assistance beyond traditional asset management Banque Havilland – February 2014 l Page 3 Strictly Private and Confidential

4. UHNW families have complex needs in a changing environment «The new normal» • Volatile assetmarkets • Loweconomicgrowth rates • Recession in Europe • Emergingmarkets(China, Brazil) • Growingtax, legal and compliance pressures • More access to information ; more sophisticated. • Globalisation – international families RBC World Wealth Report 2013 Banque Havilland – February 2014 l Page 4 Strictly Private and Confidential

5. Who are the UHNWs of today? Most significant industries of self-made UHNWs UHNWs are increasingly entrepreneurs and business owners – more sophisticated, demanding and more complex needs. Banque Havilland – February 2014 l Page 5 Strictly Private and Confidential Source: Wealth-X World Ultra Wealth Report 2013

6. UHNW needs and expectations from wealth advisers • Single point to assist in managing different critical activities (e.g. wealth preservation, tax) • Holistic approach – from structuring to implementation • High level of service and responsiveness • Co-ordination role – to deal with different service providers • Control and risk management • Due diligence support • Efficiency – cost management, user friendly, secure • Discretion, loyalty from staff – trust and confidence – managing a family. • Innovation – philanthropy, art investments, use of technology • Ability to deal with anything…? Banque Havilland – February 2014 l Page 6 Strictly Private and Confidential

7. Factors for UHNWs to consider when selecting a jurisdiction Banque Havilland – February 2014 l Page 7 Strictly Private and Confidential

8. Why Luxembourg? • International environment – multi-lingual and multi-cultural • Location – heart of Europe • Small country – pragmatic and reactive government, regulator etc • Financial centre of excellence and expertise – access to top service providers • Wealth management tool box – attractive tax regimes • Safe haven for assets – political and economic stability • Innovative – Freeport, Foundation, IT A platform for growing our private banking business… Banque Havilland – February 2014 l Page 8 Strictly Private and Confidential

9. Specific Opportunities: SICAV-SIF • A flexible vehicle which allows both traditional financial assets, private equity and real estate as well as collectible assets (art, jewellery, cars, horses, watches) • Can be used as a tool for: • Active investment management • Estate Planning • Asset Protection • The SIF is targeted at the following: • UHNW individuals and families • Family Offices • International wealth planners, among others who are looking for an alternative estate planning solution for their client base. • Fund managers and other institutional investors. Banque Havilland – February 2014 l Page 9 Strictly Private and Confidential

10. Specific opportunities: New Markets Brazil & China - 10 - Banque Havilland – February 2014 l Page 10 Strictly Private and Confidential