CFR - Compagnie Financiere Richemont SA Depositary Receipts - Changes To Roles

CFR - Compagnie Financiere Richemont SA Depositary Receipts - Changes To Roles  
         Of Directors Within The Board Of Compagnie Financiere Richemont SA     
Compagnie Financiere Richemont SA Depositary Receipts                           
issued by Richemont Securities AG                                               
(Incorporated in Switzerland)                                                   
ISIN: CH0045159024                                                              
Depositary Receipt Code: CFR                                                    
PRESS RELEASE FOR IMMEDIATE RELEASE                                             
CHANGES TO ROLES OF DIRECTORS WITHIN THE BOARD OF COMPAGNIE FINANCIERE RICHEMONT
SA                                                                              
Richemont announces the following changes to the board of directors of Compagnie
Financiere Richemont SA.                                                        
As previously announced, Mr Norbert Platt will give up his role as Chief        
Executive Officer on 31 March 2010.  Mr Platt will remain on the board of       
Compagnie Financiere Richemont SA as a non-executive director. Mr Johann Rupert,
currently Executive Chairman, will combine that position with the role of Chief 
Executive Officer with effect from 1 April 2010. Mr Richard Lepeu, currently    
Group Finance Director, will assume the role of Deputy Chief Executive Officer. 
Mr Gary Saage will become Chief Financial Officer and Dr Frederick Mostert has  
been appointed Chief Counsel of the Group. Both gentlemen will be proposed for  
election to the board of Compagnie Financiere Richemont SA at the Annual General
Meeting to be held in September 2010. As previously announced, Mr Josua Malherbe
will also be proposed for election to the board at that meeting.                
Mr Alain Dominique Perrin and Dr Franco Cologni have indicated that they will   
give up their remaining direct executive roles within the organisation effective
as of 31 March 2010.  They will continue to serve as non-executive directors of 
Compagnie Financiere Richemont SA.  Although allocating more time to their non- 
Group interests, both gentlemen will also remain closely involved in            
organisations affiliated to Richemont.                                          
Sponsor                                                                         
RAND MERCHANT BANK (a division of FirstRand Bank Limited)                       
Compagnie Financiere Richemont SA                                               
50, Chemin de la Chenaie  1293 Bellevue - Geneva Switzerland                    
Telephone +41 (0)22 721 3500  Telefax +41 (0)22 721 3550                        
www.richemont.com                                                               
26 MARCH 2010                                                                   
Date: 26/03/2010 08:00:01 Supplied by www.sharenet.co.za                     
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