Banque Cramer & Cie SA sells a majority interest in Private Investment Bank Limited

Media release- 23 August 2016

Norinvest Holding SA (“NIH”) communicates that its fully-owned subsidiary Banque Cramer & Cie SA (“BCC”) has entered into final agreements with a group of strategic partners in connection with the sale and purchase of a majority interest in its fully-owned subsidiary Private Investment Bank Limited (“PIBL”), an independent and fully-licensed bank with registered office in Nassau, the Bahamas.