DRAWING ON OUR HISTORY TO MAKE YOUR FUTURE PROSPER Banque Richelieu’s origins are deeply rooted in the history of our provinces and principalities, in the same manner as the roots of a remarkable tree are deeply rooted in its land. As a tree draws its strength and capacity to withstand hazards from the land, we draw our energy and our capacity for resilience from our origins. Our first activity report takes the form of a journey through the remarkable century-old trees that inspired artist Audrey Spiry. These illustrations, inspired by the most remarkable landscapes in our countryside tree species, accompany and enhance the key elements and talents that make up our Group. These deep roots give us perspective and wisdom to deal calmly with the storms and the course of time. Banque Richelieu’s roots plunge into the heart of the seventeenth century, at a time when Cardinal de Richelieu, Louis XIII’s Chief Minister, created the Compagnie des agents de change (brokerage and trading company), which regulates the profession and installs the first stock exchange in Paris. Our origins are part of a long European banking tradition where major names in finance have followed one another over the centuries up to the contemporary period. Just before the 2000s, the Kredietbank Luxembourg group, over a period of twenty years, has undertaken to successively buy out the entities from the large financial dynasties with their skills, their histories and identities, to found KBL Monaco Private Bankers, KBL France, and then KBL Richelieu through the merger of KBL France and Richelieu Finance in 2008. 2018 marked a turning point with a new European project managed from Paris. In April 2018, Société Générale de Banque au Liban created a Paris- based holding company, Compagnie Financière Richelieu, and incorporated the three operational subsidiaries it had just been authorised to buy in July 2018 - Banque Richelieu France, Banque Richelieu Monaco, and Richelieu Gestion – to it. This heralded the birth of the Banque Richelieu brand which, through its heritage, promotes a modern and human approach to private banking to continuously support private and professional clients.