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Results for the1Results for the1stst quarter of 2009quarter of 2009Conference Call, 29Conference Call, 29ththApril 2009April 2009

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Business Development

Trends for the 2nd Quarter

New Services

Interim Statement of Financial Positions

Key Figures

AgendaAgenda

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Business DevelopmentBusiness Development

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Trading Volumes in 1Trading Volumes in 1stst Quarter 2009Quarter 2009

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

0

2'000

4'000

6'000

8'000

10'000

12'000

Q1-03

Q2-03

Q3-03

Q4-03

Q1-04

Q2-04

Q3-04

Q4-04

Q1-05

Q2-05

Q3-05

Q4-05

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

darts tpcpy

Persisting weak trading volumes

Tpcpy = 15.5

Darts = 7385

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Commission, Interest & Trading IncomeCommission, Interest & Trading Income

Moderate drop in commission revenues due to client growth

Sharp decrease in interest revenues

Massive increase in revenues from trading operations (eForex)

0

5'000

10'000

15'000

20'000

25'000

30'000

35'000

Q1-05

Q2-05

Q3-05

Q4-05

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Trading Interest Commission

CHF '000

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Client GrowthClient Growth

Strong client growth

5617 client increase in 1st quarter 2009

Ongoing success story of Swissquote despite financial crisis

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Assets under Custody are recovering in 1Assets under Custody are recovering in 1stst quarter 2009quarter 2009

Inflow of new funds of CHF 290.6 millions in 1st quarter

Market recovery and inflow of new assets were able to stop

assets erosion

CHF 4,6 billion assets per 31st March 2009

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Costs and Revenues per Client and QuarterCosts and Revenues per Client and Quarter

Financial crisis is reducing client revenues on the short term

Cost control and improved efficiency since 2003 is securing a

solid profit in every market situation

Ongoing investments in marketing and new services

0

50100

150

200

250

300350

400

450

Q1-03

Q2-03

Q3-03

Q4-03

Q1-04

Q2-04

Q3-04

Q4-04

Q1-05

Q2-05

Q3-05

Q4-05

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Costs Marketing Revenues

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Quarterly Revenue ChartQuarterly Revenue Chart

0

2'500

5'0007'500

10'000

12'500

15'000

17'500

20'000

22'50025'000

27'500

30'000

32'500

35'000

Q1-05

Q2-05

Q3-05

Q4-05

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Operating Profit

Quarterly Revenues

Revenue drop of 20.8% compared to 4th quarter 2008

Operating profit of 9.6 million

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Revenue MarginsRevenue Margins

Stable revenue margins over 2%

Immediate revenue increase in case of market recovery

0

50

100

150

200

250

300

0

1'000

2'000

3'000

4'000

5'000

6'000

7'000

Q1-05

Q2-05

Q3-05

Q4-05

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Assets under Custody Asset Margin

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Quarterly Profit ChartQuarterly Profit Chart

Solid Earnings of 7.5 million in 1st quarter

Profit margin of 41.2% (32% net profit margin)

0%

10%

20%

30%

40%

50%

60%

0

2'0004'000

6'000

8'000

10'000

12'000

14'000

16'000

18'000

Q1-05

Q2-05

Q3-05

Q4-05

Q1-06

Q2-06

Q3-06

Q4-06

Q1-07

Q2-07

Q3-07

Q4-07

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Operating Profit

Net Profit

OP Margin

CHF '000

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Q1Q1--20082008

--15.4%15.4%

--35.1%35.1%

+28.4%+28.4%

--13.3%13.3%

--4.3m4.3m

--4.0m4.0m

+27+27792792

--710.2710.2

+7.3%+7.3%+9.9m+9.9m

23.3m23.3m

7.5m7.5m

125125486486

44643m643m

145.2m145.2m

--34.4%34.4%--5.0m5.0m9.6m9.6m

Q1Q1--20092009

Key Figures (compared with previous year)Key Figures (compared with previous year)

RevenuesRevenues

Net profitNet profit

ClientsClients

Assets u. custodyAssets u. custody

EquityEquity

Operating profitOperating profit

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Q4Q4--20082008

--20.8%20.8%

--14.6%14.6%

+4.7%+4.7%

+2.3%+2.3%

--6.1m6.1m

--1.3m1.3m

+5+5617617

+104.1+104.1

+4.4%+4.4%+6.1m+6.1m

23.3m23.3m

7.5m7.5m

125125486486

44643m643m

145.2m145.2m

--34.5%34.5%--5.0m5.0m9.6m9.6m

Q1Q1--20092009

Key Figures (compared with previous quarter)Key Figures (compared with previous quarter)

RevenuesRevenues

Net profitNet profit

ClientsClients

Assets u. custodyAssets u. custody

EquityEquity

Operating profitOperating profit

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Trends for the 2Trends for the 2ndnd QuarterQuarter

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Client Growth on TargetClient Growth on Target

0

20

40

60

80

100

120

140

160

180

200220

240

104000

106000

108000

110000

112000

114000

116000

118000

120000

122000

124000126000

128000

01.juil.

01.aot

01.sept.

01.oct.

01.nov.

01.d

c.

01.janv.

01.f

vr.

01.mars

01.avr.

01.mai

01.juin

Total Accounts [T,C,M] Target Requests

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0

5

10

15

20

25

30

35

40

45

50

01.juil.

01.aot

01.sept.

01.oct.

01.nov.

01.d

c.

01.janv.

01.f

vr.

01.mars

01.avr.

01.mai

01.juin

Trades per client per year

Better Trading Activity in AprilBetter Trading Activity in April

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4'250

4'500

4'750

5'000

5'250

5'500

5'750

6'000

6'250

-800

-600

-400

-200

0

200

400

600

mars.08

avr..08

mai.08

juin.08

juil..

08

aot.08

sept..08

oct..08

nov..

08

dc..

08

janv..

09

fvr..09

mars.09

avr..09

mai.09

juin.09

Net Assets Inflow" Assets Change Total Assets

Market Recovery pushes Assets over 5 billionMarket Recovery pushes Assets over 5 billion

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New ServicesNew Services

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Saving AccountSaving Account

Since 1stApril best offering on the

Swiss market with 1.8% interest rate

Already more than 120 million

saving assets 3335 clients per 31st March 2009

Strong increase of saving assets

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SwissquoteSwissquote Quant Swiss Equities FundQuant Swiss Equities Fund

Successful start with ourin-house Quant fund

Over performing the SPI

with 4% on average since

1st January 2009

More developments in

the ePrivate banking

sector to come

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New features on the trading PlatformNew features on the trading Platform

Redesigned real timeaccount with many

additional features

Cap at CHF 100 for the

custody fees

Swissquote ranked most

attractive online bank in

the last KGELD price

survey

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Interim Statement of Financial PositionsInterim Statement of Financial Positions

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Balance Sheet per 31Balance Sheet per 31stst March 2009March 2009

[CHF m] 31 March 2009 31.12.2008 Change %

ASSETS

Deposit at central bank 641.1 293.2 347.9 54.3%

Loans and advances to banks 491.6 765.7 274.1- -55.8%

Loans to customers 70.1 71.7 (1.6) -2.3%

Investment securities 235.1 165.9 69.2 29.4%

Property & systems 31.6 31.3 0.3 0.9%

Other assets 31.9 18.3 13.6 42.6%

Total assets 1'501.4 1'346.1 155.3 10.3%

LIABILITIES AND EQUITY

LiabilitiesDue to customers 1'312.9 1'166.3 146.6 11.2%

Other liabilities 43.3 40.7 2.6 6.0%

Total liabilities 1'356.2 1'207.0 149.2 11.0%

Equity

Ordinary shares 2.9 2.9 - 0.0%

Reserves & retained earnings 167.8 160.8 7.0 4.2%

Treasury shares (25.5) (24.6) (0.9) 3.5%

Total equity 145.2 139.1 6.1 4.2%

Total liabilities and equity 1'501.4 1'346.1 155.3 10.3%

31 December

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Balance Sheet per 31Balance Sheet per 31stst March 2009March 2009

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Structure of Assets and LiabilitiesStructure of Assets and Liabilities

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KeyKey FiguresFigures

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