CFR - Richemont Board of Directors

CFR - Richemont Board of Directors                                              
Compagnie Financiere Richemont SA Depositary Receipts                           
issued by Richemont Securities AG                                               
(Incorporated in Switzerland)                                                   
ISIN: CH0045159024                                                              
Depositary Receipt Code: CFR                                                    
PRESS RELEASE                                                                   
RICHEMONT BOARD OF DIRECTORS                                                    
Richemont proposes the following changes to the board of directors of Compagnie 
Financiere Richemont SA.                                                        
Mr Guillaume Pictet, a Geneva-based investment manager, and Maitre Dominique    
Rochat, a partner in the Geneva office of the attorneys Lenz & Staehelin, will  
be proposed for election to the board at the Annual General Meeting to be held  
on 8 September 2010. Both gentlemen will serve as non-executive directors.      
Maitre Jean-Paul Aeschimann will not be seeking re-election at the Annual       
General Meeting. Maitre Aeschimann has served as Richemont`s Deputy Chairman    
since its formation in 1988.                                                    
Commenting on Maitre Aeschimann`s decision, Johann Rupert, Executive Chairman   
and Chief Executive Officer of Richemont, said:                                 
Quote                                                                           
Maitre Aeschimann has made an enormous contribution to the Group both as a      
director and as a valued advisor over the last 22 years. We owe Maitre          
Aeschimann an immense debt of gratitude for the role that he has played over    
that period, not only as Deputy Chairman but also as Chairman of the Audit      
Committee and as a member of the Compensation and Nominations Committees. His   
astute comments and broad understanding of the issues facing the Group will be  
missed.                                                                         
Unquote                                                                         
The other members of the current board of directors will stand for re-election  
at the Annual General Meeting and, as previously announced, Mr Josua Malherbe,  
Dr Frederick Mostert and Mr Gary Saage will stand for election for the first    
time.                                                                           
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                                                               
14 JULY 2010                                                                    
Date: 14/07/2010 07:31:01 Supplied by www.sharenet.co.za                     
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