Sharenet Sites 
Sharenet Sites
CFR/REI - Richemont Securities AG/Reinet Investments S.C.A - Richemont securities A.G. Reorganised into two new entities Richemont Securities AG (Incorporated in Switzerland) Compagnie Financiere Richemont ISIN: CH0045159024 and Depositary Receipt Code: CFR Reinet Investments S.C.A. ISIN: CH0045793657 and Depositary Receipt Code: REI RICHEMONT REINET Compagnie Financiere Richemont S.A. Reinet Investments S.C.A. PRESS RELEASE FOR IMMEDIATE RELEASE RICHEMONT SECURITIES A.G. REORGANISED INTO TWO NEW ENTITIES Compagnie Financiere Richemont S.A. and Reinet Investments S.C.A. announce that Richemont Securities A.G., their jointly-owned Swiss affiliate, has been separated into two new entities. The two entities will henceforth be responsible for the issue of Depositary Receipts (`DR`s`) traded on the securities exchange operated by the JSE Limited (`JSE`), in respect of underlying Richemont and Reinet shares. One of the new entities, to be known as Richemont Securities S.A., will assume responsibility for the issue of Richemont DR`s, whilst the second entity, Reinet Securities S.A., will be responsible for the issue of Reinet DR`s. This will eliminate the dual role which has been performed by Richemont Securities A.G. since the formation of Reinet in 2008. Richemont Securities S.A. will be a wholly-owned subsidiary of Compagnie Financiere Richemont S.A.; Reinet Securities S.A. will be a wholly-owned subsidiary of Reinet. THE CREATION OF THE TWO NEW ENTITIES WILL HAVE NO IMPACT ON THE HOLDERS OF EITHER RICHEMONT DR`S OR REINET DR`S. DR-HOLDERS NEED TAKE NO ACTION. DR`S WILL CONTINUE TO BE TRADED ON THE JSE AND SETTLED THROUGH STRATE AS HAS BEEN THE CASE UP TO NOW. The effective date of the separation of Richemont Securities A.G. into the two new entities is 16 December 2010. Richemont DR`s will continue to trade under their existing security reference (CH0045159024); Reinet DR`s will also trade using their existing security reference (CH0045793657). Thomson Reuters and Bloomberg codes remain unchanged for both securities. The board of Richemont Securities S.A. will comprise Mr Alan Grieve, Mr Albert Kaufmann and Mr Josua Malherbe. The board of Reinet Securities S.A. will comprise Mr Alan Grieve, Mr Josua Malherbe and Mr Ian Ross. Richemont Securities A.G. has acted as the issuer of DR`s, each representing a one tenth fraction of an `A` share in Compagnie Financiere Richemont S.A. or a one tenth fraction of a share in Reinet Investments S.C.A., respectively, since October 2008, when Reinet was established. Prior to that date, Richemont Securities A.G. acted as depository in respect of Richemont DR`s each representing a one tenth share of a Richemont `A` unit. Richemont DR`s and the Reinet DR`s are listed separately in South Africa on the securities exchange operated by the JSE. The Richemont DR`s and the Reinet DR`s are issued subject to the terms of a deposit agreement between Compagnie Financiere Richemont S.A., Reinet Investments S.C.A. and Richemont Securities A.G. In terms of that agreement, Richemont Securities A.G. holds the CFR shares and the Reinet shares underlying the Richemont DR`s and the Reinet DR`s in a fiduciary capacity for the account of the holders of Richemont DRs and Reinet DRs, respectively. Following the separation of the depository roles on 16 December 2010, new deposit agreements will come into effect between Compagnie Financiere Richemont S.A. and Richemont Securities S.A. on the one hand and between Reinet Investments S.C.A. and Reinet Securities S.A. on the other. The separation of the depository roles into two new entities will simplify administration and avoid confusion stemming from the dual role performed by Richemont Securities A.G. to date. By holding CFR DRs or Reinet DRs, investors acknowledge that they are bound by the terms of the Deposit Agreement. Computershare Investor Services Limited will continue to act as depository agent in South Africa in respect of both Richemont DR`s and Reinet DR`s. 15 December 2010 Merchant bank and sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 15/12/2010 17:37:01 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.
