COMPAGNIE FINANCIERE RICHEMONT SA - Company announcement for immediate release

Company announcement for immediate release

Compagnie Financiere Richemont SA
(Incorporated in Switzerland)
(Registration number CHE-106.325.524)
(“CFR” or “the Company”)
Depositary Receipts issued by Richemont Securities SA
Share code: CFR
ISIN: CH0045159024
Depositary Receipt Code: CFR

COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE

Unless otherwise indicated, terms defined in the circular distributed by the Company to Depositary Receipt Holders on
17 March 2023 have been used in this announcement.

1.   Cross-border conversion process

Richemont Securities SA hereby notifies the Depositary Receipt Holders and the A Warrant Receipt
Holders that today is the last day for holders to exchange Depositary Receipts and A Warrant Receipts
for A Shares and A Warrants (or vice versa) under the current cross-border process.

2.   Background

On Wednesday, 19 April 2023, the Depositary Receipts and A Warrant Receipts will be suspended
from trading on the JSE and the Relevant A Shares and Relevant A Warrants will be listed on the JSE
under ISINs CH0210483332 and CH0559601544 respectively and share codes CFR and CFRW.

From Monday, 24 April 2023, the A Shares and A Warrants will be able to be moved, subject to the
South African exchange control regulations as applicable, between the clearing and settlement
systems for the Swiss and South African stock exchanges (SIX SIS and Strate) through the inter-
custodial linkage mechanism provided through Citibank. The process to effect the cross-border trades
is detailed in the Appendix to this announcement.

3.   Suspension of cross-border conversions

From tomorrow (Wednesday, 19 April 2023) cross-border conversions of Depositary Receipts and A
Warrant Receipts to A Shares and A Warrants and vice versa under the current cross-border process
will be suspended.

By order of the Directors
Switzerland
18 April 2023

Financial advisor, merchant bank and JSE sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Attorneys
Cliffe Dekker Hofmeyr Inc

Compagnie Financiere Richemont ‘A’ shares are listed on the SIX Swiss Exchange, the primary
listing, and are included in the Swiss Market Index ('SMI') of leading stocks. Richemont Securities
Depositary Receipts are listed on the Johannesburg Stock Exchange, the secondary listing.

       Appendix: Cross-border trading process from Monday, 24 April 2023

a)     Process for removals out of South Africa
       A holder will need to instruct both its Strate and SIX SIS custodians to move A Shares
       or A Warrants from Strate to SIX SIS. Any removal of these securities out of South
       Africa must be requested via the holder’s CSDP or Broker, who will arrange with
       the holder for the completion of a J-S (Johannesburg to Switzerland) removal request
       form. Request forms should be lodged with Computershare who will validate removal
       forms and record them for exchange control reporting. Only valid forms will be lodged
       by Computershare with Citibank. Sample forms are available from Computershare.

       Any request for assistance in relation to removals out of South Africa can be directed
       to:
             By email: removals@computershare.co.za.
             By phone: call the Computershare Global removals team in Johannesburg (the
             contact person is: Ms Janine Chembiah at +27 11 370-5596 / 5190).

b)     Process for removals into South Africa
       The holder will need to instruct both its SIX SIS custodian and its South African CSDP
       to move A Shares or A Warrants from SIX SIS to Strate. The SIX SIS custodian will
       arrange for the setup of the SIX SIS “straight-through-processing” (“STP”)
       instructions, so that the A Shares or A Warrants will be delivered to the Citibank
       “safekeeping” account in SIX SIS. The SIX SIS custodian and Citibank will also
       arrange to collect a complete removal S-J form which will need to be provided to
       Computershare. Sample forms are available from Computershare.

       Under the new cross-border trading mechanism, the transfer of CFR securities from
       SIX SIS to South Africa will not involve any transfer in the securities register of the
       Company. All CFR securities traded on the SIX Swiss Exchange and the JSE will be
       dematerialised securities.

       The entire CFR securities cross-border transfer mechanism is managed through the
       custodial link between the two CSD platforms via Citibank. Holders wishing to move
       securities cross-border will need to arrange for their service providers in their
       respective markets to initiate the process. Holders need to ensure that they comply with
       the applicable South African exchange control regulations.

       Any request for assistance in relation to removals into South Africa can be directed to:
            sfsclientqueries@citi.com

Further details on the cross-border trading processes will be made available on 18 April 2023
at 07:30 am CET on the Company’s website:

https://www.richemont.com/media/iref14vd/s-j_removal-request-form_cfr.pdf
https://www.richemont.com/media/ednczjqw/j-s_removal-request-form_cfr.pdf

Date: 18-04-2023 07:30:00
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