Progress Report FULFILLING OUR COMMITMENT The Swiss banks are achieving significant progress towards resolving the issue of dormant World War Thera accounts in a fair and open manner. ( 1 New Information Available On October 29, the following World War Thera accounts will be published: Our major initiatives to date include: Dormant passbooks and savings accounts of non Swiss citizens. - ■ Identifying Dormant Accounts The Swiss banks are committed to identifying all accounts that could have belonged to victims of Nazi persecution. In addition to conducting their own search for dormant accounts, the Swiss banks are providing complete access and assistance to hundreds of forensic auditors working for the Independent Committee of Eminent Persons, chaired by Paul A. Volcker and comprised of prominent Jewish and Swiss leaders. ■ Helping Needy Holocaust Survivors The Swiss banks are committed to helping needy Holocaust survivors. Earlier this year, the three largest Swiss banks, Credit Suisse, Swiss Bank Corporation, and UBS, contributed 100 million Swiss francs ($70 million) to establish a special fund for victims of the Holocaust. Other Swiss banks and Swiss industry have since contributed an additional 80 million Swiss francs ($55 million). With a pledge of 100 million Swiss francs from the Swiss National Bank, the fund now has a total of 280 million Swiss francs ($194 million). The Fund's board consists of representatives of Jewish organizations and private Swiss citizens and is chaired by Rolf Bloch, leader of the Swiss Jewish community. Proceeds from the Fund will soon be distributed to Holocaust survivors in Eastern Europe. n Dormant accounts of non Swiss citizens - that have been identified as a result of the Swiss banks' ongoing search. Dormant accounts belonging to Swiss citizens. Call Our Contact Offices If you wish to review these lists, please fill out the Information Kit Request Form and mail it to the nearest Ernst & Young contact office listed below. You will receive an Information Kit that includes the lists, fully describes the claims process, and explains how to file a claim. Ernst & Young LLP, c/o Dormant Accounts PO Box 1880, Radio City Station, New York, NY 10101, +1-212-344-0610 Kost Levary and Forer, c/o Dormant Accounts 2 Kremenetski Street, Tel Aviv, Israel 67899, +972-3-623-2559 ATAG Ernst & Young, c/o Dormant Accounts Aeschengraben 9, P.O. Box 2149, CH-4002 Basel Switzerland, +41-61-272-08-11 E Ernst & Young Kft, c/o Dormant Accounts 1146 Budapest, Hermina tit 17, Hungary, +36-1-343-5117 a Ernst & Young, c/o Dormant Accounts The Ernst & Young Building, G.P.O. Box 2646 Sydney, N:S.W. 2001, Australia, +61-2-9248-5736 If you have already received an Information Kit from Ernst & Young, an updated kit will be mailed to you automatically. Use Our Toll Free Number Or Web Site - ■ Publishing Dormant Accounts The Swiss banks are committed to publishing dormant accounts. In July, the Swiss banks published an initial list of World War Thera dormant accounts of non-Swiss customers in news- papers around the world and established an Internet site. The Swiss banks also established five international contact offices staffed by the accounting organization of Ernst & Young that was engaged to help rightful owners file claims. If you have any questions or need assistance, please call the following toll-free number: 1 800 662 7708 - - You can also search for dormant accounts and review other pertinent information at the Swiss Bankers Association's Internet site: http://www.dormantaccounts.ch r 7 Information Kit Request Form Please send me information about the Claims Process: ■ Creating An Expedited Payment Process The Swiss banks are committed to returning assets to their rightful owners quickly, easily and without cost to claimants. To accomplish this objective, the banks have established a cost-free, expedited payment process, which is being supervised by an independent, international panel operating under relaxed standards of proof. Claims from the July list are now being processed and payments will be made shortly. This progress demonstrates both the leadership and the seriousness of the Swiss banks in addressing and resolving this complex issue. - Name Street City State Zip Code Country Daytime Phone: Please specify preferred language: ❑ English ❑ Yiddish ❑ Czech ❑ Hungarian ❑ Italian ❑ Portuguese ❑ Romanian ❑ Hebrew ❑ German ❑ Russian ❑ Polish ❑ Spanish ❑ French ❑ Bulgarian ❑ Dutch L SWISS BANKERS ASSOCIATION SWISS BANKERS ASSOCIATION ASSOCIATION SUISSE DES BANQUIERS SCHWEIZERISCHE BANKIERVEREINIGUNG