21 Oct 2009 09:46
Statement from EFG- Hermes Holding SAE in relation to
rumours regarding its holding in Banque Audi
EFG- Hermes denies any reports of its intention, nor that it has received approvals, to acquire
a substantial stake in Banque Audi. It is not EFG- Hermes' intention to materially change our
position in Bank Audi. EFG- Hermes may increase or decrease its stake by 2% - 3% through
GDRs depending on equity market conditions and subject to the relevant regulations, but
remains committed to be one of the banks largest owners.