RICHEMONT ANNOUNCES UNIT BUY-BACK SCHEME

RICHEMONT PRESS RELEASE
RICHEMONT ANNOUNCES UNIT BUY-BACK SCHEME

THE BOARD OF RICHEMONT ANNOUNCES THAT IT HAS APPROVED THE IMPLEMENTATION OF A
UNIT BUY-BACK SCHEME. THE UNITS WILL BE HELD IN TREASURY FOR THE PURPOSES OF A
LONG-TERM OPTION SCHEME TO BE INTRODUCED PRIMARILY FOR THE BENEFIT OF

MANAGEMENT WITHIN THE GROUP'S VENDOME LUXURY GROUP SUBSIDIARY. A MAXIMUM OF 100
000 UNITS WILL BE REPURCHASED, REPRESENTING JUST UNDER 2.0 PER CENT OF THE 'A'
UNITS IN CIRCULATION. IT IS ANTICIPATED THAT THE BUY-BACK WILL BE EFFECTED FROM
TIME TO TIME OVER THE COMING SIX MONTH PERIOD THROUGH THE PURCHASE OF UNITS ON
THE SWISS MARKET OR THROUGH THE PURCHASE OF DEPOSITARY RECEIPTS ON THE
JOHANNESBURG STOCK EXCHANGE. NO SECOND TRADING LINE WILL BE INTRODUCED ON THE
SWISS STOCK EXCHANGE AS A CONSEQUENCE OF THE OFFER.
FURTHER INFORMATION:       JAN DU PLESSIS
                           FINANCE DIRECTOR

                           COMPAGNIE FINANCIERE RICHEMONT AG
                           TEL: +41 41 710 33 22
WWW.RICHEMONT.COM
COMPAGNIE  FINANCIERE  RICHEMONT  AG
RIGISTRASSE 2  CH-6300 ZUG  SWITZERLAND

TELEPHONE 041 710 33 22  TELEFAX 041 711 71 02  TELEX 862 336 CFR CH