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CFR - Compagnie Financiere Richemont SA Depositary Receipts - Richemont appoints

Release Date: 29/05/2009 07:30
Code(s): CFR
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CFR - Compagnie Financiere Richemont SA Depositary Receipts - Richemont appoints Marty Wikstrom as CEO of its fashion and accessories businesses Compagnie Financiere Richemont SA Depositary Receipts issued by Richemont Securities AG (Incorporated in Switzerland) ISIN: CH0045159024 Depositary Receipt Code: CFR ("Richemont" or "the Company") RICHEMONT APPOINTS MARTY WIKSTROM AS CEO OF ITS FASHION AND ACCESSORIES BUSINESSES The Board of Compagnie Financiere Richemont SA is pleased to announce the appointment of Ms. Martha (Marty) Wikstrom as Chief Executive Officer of the Group`s Fashion and Accessories Businesses with immediate effect. Ms. Wikstrom`s principal area of responsibility will be Richemont`s Alfred Dunhill, Lancel, Chloe, Azzedine Alaia and Shanghai Tang Maisons. She will be based in London and will report to Johann Rupert, Richemont`s Executive Chairman. Commenting on Ms. Wikstrom`s appointment, Johann Rupert said: `I am delighted that Marty has accepted our invitation to join the Group in an executive capacity to head up our fashion and accessories businesses. The creation of this new position and Marty`s appointment reaffirms Richemont`s commitment to our fashion and accessories MaisonsRegistered. Marty brings to Richemont her considerable experience and knowledge of how to build and nurture enduring consumer relationships across a breadth of brands and product categories. She has the proven ability to translate extraordinary customer service into business expansion.` Ms. Wikstrom has served as a non-executive director of Compagnie Financiere Richemont SA since 2005. She will remain a member of the Board of the Company in an executive capacity. She has extensive experience in speciality retailing, having been President of Nordstrom`s Full Line Store Group in the USA and Managing Director of Harrods Limited. Ms. Wikstrom is a founding partner in Atelier Management, LLC, which specialises in the acquisition and development of luxury brands. Further information: Press enquiries: Analysts` inquiries: Mr. Alan Grieve Ms. Sophie Cagnard Director of Corporate Affairs Head of Investor Relations Tel: +41 22 721 3507 Tel. +33 1 5818 2597 29 MAY 2009 Richemont owns a portfolio of leading international brands or `MaisonsRegistered`, which are managed independently of one another, recognising their individuality and uniqueness. The businesses operate in five areas: Jewellery Maisons, being Cartier and Van Cleef & Arpels; Specialist watchmakers, which is made up of Jaeger-LeCoultre, Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine Panerai, A. Lange & Sohne and Roger Dubuis; Writing instruments - Montblanc; Leather and accessories Maisons, being Alfred Dunhill and Lancel; and Other businesses, which includes, specifically, Chloe and Shanghai Tang as well as other, smaller Maisons and watch component manufacturing activities for third parties. Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Compagnie Financiere Richemont SA 50, Chemin de la Chenaie CH-1293 Bellevue - Geneva Switzerland Telephone +41 (0)22 721 3500 Telefax +41 (0)22 721 3550 www.richemont.com Date: 29/05/2009 07:30:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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