On 20 June 2018, the Cantonal Bank of Basel, which already holds 77.52%

of the share capital and the voting rights of Bank Cler Ltd., published the

preannouncement for a public tender offer for all publicly held bearer shares

of Bank Cler, which is listed on the SIX Swiss Exchange. Subsequently, Bank

Cler concluded a transaction agreement with the Cantonal Bank of Basel

regarding the public tender offer. The Cantonal Bank of Basel offers CHF 52 per

share of Bank Cler. Taking into consideration the results of the Fairness

Opinion of an independent Expert, the board of directors of Bank Cler

recommends to its shareholders to accept the offer.

Bär & Karrer advises Bank Cler in connection with this transaction.

The team of Bär & Karrer includes Urs Brügger, Dieter Dubs, Fabienne

Perlini and Marc Poltéra (all M&A).

On 20 June 2018, the Cantonal Bank of Basel, which already holds 77.52%

of the share capital and the voting rights of Bank Cler Ltd., published the

preannouncement for a public tender offer for all publicly held bearer shares

of Bank Cler, which is listed on the SIX Swiss Exchange. Subsequently, Bank

Cler concluded a transaction agreement with the Cantonal Bank of Basel

regarding the public tender offer. The Cantonal Bank of Basel offers CHF 52 per

share of Bank Cler. Taking into consideration the results of the Fairness

Opinion of an independent Expert, the board of directors of Bank Cler

recommends to its shareholders to accept the offer.

Bär & Karrer advises Bank Cler in connection with this transaction.

The team of Bär & Karrer includes Urs Brügger, Dieter Dubs, Fabienne

Perlini and Marc Poltéra (all M&A).