Interim status of share capital increase

St. Gallen, 19. May 2019

The St.Galler Kantonalbank announces that the ongoing rights offering and the share placement have been very well received by the market. The aggregate demand already exceeds the maximum number of 420,240 new registered shares. Subscription rights can still be exercised until May 23, 2019, 12:00/noon (CEST), and the bookbuilding period lasts until May 24, 2019, 12:00/noon (CEST).

On May 13, 2019, the St.Galler Kantonalbank announced the launch of the share capital increase, which is based on the resolution of the Annual General Meeting held on April 24, 2019. Existing shareholders have been granted subscription rights for the entire amount of the new registered shares. The Canton of St.Gallen has waived its subscription rights in advance. Registered shares which are not subscribed for via the rights offering may be subscribed by the public and institutional investors in the course of a free share placement.

The subscription and bookbuilding period for the new registered shares started on May 15, 2019. The aggregate demand from exercised subscription rights from existing shareholders and the demand in the free share placement exceeds the maximum number of new registers shares of 420,240. The exercise of the subscription rights and the subscription in the free share placement are still possible. The subscription period lasts until May 23, 2019, 12:00/noon (CEST), whereby the settlement deadlines of the respective custodian banks are to be observed. The bookbuilding period for the free share placement lasts until May 24, 2019, 12:00/noon (CEST).

Offering prospectus

The offering prospectus can be downloaded under the following link: www.sgkb.ch/kapitalerhoehung

Indicative schedule

May 23, 2019, 12:00/noon End of subscription period
May 24, 2019, 12:00/noon End of bookbuilding period for share Placement
May 27, 2019, before 07:30 a.m. Announcement of the result as well as subscription price / placement Price
May 27, 2019 Start stabilization period
May 29, 2019 First trading day and payment of the new registered shares (completion)
June 25, 2019 Latest possible end of stabilization measures