Cm) BHF-BANK Kleinwort Benson Group 4 0.90 P/NAV multiple Note: FigUIOS as of year-end 2012 I. Consists of €27m goodwillat EtHF.BANK level and Urn al Kleinwort Benson feral Source: Kleinwort Benson management 450 • Kleinwort Benson EFTA_R1_02059783 16 EFTA02698761 Expected investor returns IRR Sensitivity