Russian Economic and Financial ForumZurich, 31.01.2005

Short introduction to Liechtenstein

Comparison Liechtenstein - Russia

Total area: 160 km2 17’075 400 km2

(fourth smallest state in Europe) (world’s largest state)

Capital: Vaduz Moscow

Currency: Swiss franc Rouble

Official language: High German Russian

Population: 34’294 144’752’000

Population density: 215 inhabitants per km2 8.5 inhabitants per km2

Gross domestic product: $ 190’000 pro capita $ 1750 pro capita

History (17th to 19th Century)

1712…the County of Vaduz

1699Prince Johann Adam Andreas of Liechtenstein purchases the Lordship of Schellenberg and…

1719Vaduz and Schellen-berg elevated to the status of “Imperial Principality of Liechtenstein”

1806Principality gains sovereignty by becoming a member of the Rhine Confederation

1852Customs treaty with Austria-Hungary

History (20th Century)

1978Membership of the European Council

1924Customs treaty with Switzerland, introduction of the Swiss franc as the official currency

1921New Constitution (largely unchanged to this day) comes into force

1997Archdiocese of Vaduz is established

1990Liechtenstein becomes the 160th member of the United Nations

1991Membership ofEFTA

1995Membership of EEA

System of State and Government

According to Article 2 of the Constitution, “the Principality is a

constitutional hereditary monarchy on a democratic and

parliamentary basis; the power of the State is inherent in and issues

from the reigning Prince and the people”.

Population and employmentsince 1950

0

5'000

10'000

15'000

20'000

25'000

30'000

35'000

1950 1960 1970 1980 1990 2000 2003

Resident population Commuters Total employed

700

6‘338

13‘757

33‘525

28‘793

12‘908

Breakdown of Persons Employed (by Economic Sector)Forestry and agriculture 1%

Industry and goods production 45%

Financial services 25%

General services 29%

Industry in Liechtenstein

Out of a total working population of 29’055,

45% (13’073) are employed in industry and

commerce

Key export countries:

USA, Switzerland, Germany, France, Italy,

Hong Kong, Japan, Spain

The industrial exports raised from CHF 15

million (1950) to CHF 4646 million (2003)

within 50 years

Liechtenstein-based industrial companies

employ 26,873 people at 195 foreign

branchesThyssenKrupp Presta

Liechtenstein’s Business Advantages political continuity and stability

liberal economic policies

efficient banking system

strict banking secrecy

economic, customs and monetary union with Switzerland

member of the European Economic Area (EEA)

free movement of services within the EU

special Liechtenstein company structures

well-educated, skilled workforce

LGT Group

LGT Group: Privately owned company with capital strength

31.12.2003

Group profit (in CHF m) 79,7

Balance sheet key figures (in CHF bn)  

Balance sheet total 14,1

Equity capital 1,8

Assets under administration (in CHF bn)  

Client assets under administration 48,5

of which assets under management 20,4

Total staff 1‘241

Standard & Poor‘s / Moody‘s Ratingsfor LGT Bank in Liechtenstein AG

AA- / Aa3

EuropeEurope

Liechtenstein: Vaduz

Switzerland: Basel, Bern, Chur, Davos, Geneva, Lausanne, Lugano, Pfäffikon, Zurich

Germany: Berlin, Cologne, Frankfurt, Hamburg, Munich, Stuttgart

Luxembourg

Ireland: Dublin

Channel Islands: Jersey

International network

AsiaAsia

Hong Kong

Japan: Tokyo

Singapore

Malaysia: Labuan

AmericasAmericas

Uruguay: Montevideo

USA: New York

Cayman Islands

British Virgin Islands

Vaduz

Alignment of interests

Operational business Private banking Asset management Alternative investments Trust services

Financial investor Princely Portfolio CHF 1.8 bn. in LGT

„Global Investable Markets GIM“

Co-investment for clients

Focus on core competencies

Exploitation of global Investment possibilities

LGT Group

LGT - The wealth management experts of the Princely House of Liechtenstein

Pete

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