Twelve Capital is pleased to announce the expansion of its cooperation with Bank Sarasin for Insurance-linked securities (ILS). Under the cooperation, Twelve Capital acts as investment manager for a set of Sarasin-branded products dedicated to Insurance-linked securities (ILS). ILS are increasingly becoming of interest to investors because of their attractive return levels as well as their low correlation to other asset classes.

The ILS offering is an addition to a recently launched fund exploiting opportunities in the market for European subordinated insurance bonds. This fund was started in September and has reached an investment volume of close to CHF 100m. European insurance bonds are viewed as particularly attractive given the upcoming change of solvency rules for insurance companies.

"We are very pleased that with Twelve Capital we have been able to win a truly valuable partner with enormous expertise in the insurance segment. Both investment themes, insurance bonds as well as ILS are an interesting complement of Sarasin’s fund offering”, comments Nils Ossenbrink, Head Products of Bank Sarasin & Co. Ltd.

Urs Ramseier, Managing Partner of Twelve Capital AG: “We are proud to announce this cooperation. For Twelve Capital, becoming a strategic partner to Bank Sarasin for our key investment themes is a further important milestone for our company and testament to our standing as a leading provider of insurance-related investment solutions.”

##Ends##

Notes to Editors:

Twelve Capital AG is an independent investment manager specializing in insurance- related investments. Its core business is the management of portfolios of Insurance-linked securities (ILS) as well as portfolios of subordinated bonds issued by insurance companies. Both strategies take advantage of the team's profound understanding of insurance risks, insurance regulation and insurance balance sheets. Twelve Capital – based in Zurich, Switzerland – was founded in 2010 and is majority owned by the investment team.

Contact:  Urs Ramseier
                  Managing Partner
                  Twelve Capital AG
                  Phone: +41 (0)44 500 01 21
                  urs.ramseier@twelvecapital.com
                  www.twelvecapital.com