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CFR - Compagnie Financiere Richemont SA Depositary Receipts - Richemont announces extension of share buy-back programme Compagnie Financiere Richemont SA Depositary Receipts issued by Richemont Securities SA (Incorporated in Switzerland) ISIN: CH0045159024 Depositary Receipt Code: CFR PRESS RELEASE - FOR IMMEDIATE RELEASE 19 MAY 2011 RICHEMONT ANNOUNCES EXTENSION OF SHARE BUY-BACK PROGRAMME Basis and purposes of the buy-back programme On 27 May 2010, Compagnie Financiere Richemont SA, Bellevue, Geneva (`CFR`) announced a programme envisaging the buy-back of 10`000`000 of its own `A` bearer shares over a two year period, representing 1.74 per cent of the capital and 0.96 per cent of the voting rights of the company. To 18 May 2011, 4`658`509 `A` bearer shares had been repurchased within the scope of this programme, representing 0.81 per cent of the capital and 0.45 per cent of the voting rights of the company. On 18 May 2011, the Board of Directors of CFR decided to extend the buy-back programme by an additional 5`000`000 `A` bearer shares. The extended buy-back programme thus amounts to 15`000`000 `A` bearer shares of CFR, representing 2.61 per cent of the capital and 1.44 cent of the voting rights of the company. The shares acquired in the scope of the programme will be held in treasury to cover the obligations arising from the stock option plan, which benefits certain executives of the Richemont Group. Execution of the buy-back programme - No special trading line The share buy-backs will be implemented by UBS SA (Investment Bank division) under market conditions, either on SIX Swiss Exchange or on JSE Limited (where the shares would be acquired in the form of `depositary receipts`). The repurchased shares will not be cancelled and the buy-back programme will not give rise to the opening of a special trading line. Information relating to the evolution of the extended buy-back programme will be published regularly on the following address: http://www.copa.ch The buy-back period started on 27 May 2010 and will expire by 25 May 2012. The publication of the results of the buy-back programme will be published one trading day after its termination. CFR reserves the right to stop to the buy-back programme at anytime and has no obligation to buy CFR shares in execution of the programme. Share capital of the company The share capital of CFR, amounting to CHF 574`200`000, is divided into 522`000`000 `A` bearer shares with a nominal value of CHF 1.00 each and 522`000`000 `B` registered shares with a nominal value of CHF 0.10 each. The `A` bearer shares are included in the Swiss Market Index (SMI) and are traded on SIX Swiss Exchange. Significant shareholders and Treasury shares The significant shareholders of CFR (under Art. 20 SESTA) are as follows: Relevan Domicile/ Kind of Number of Voting Share t date head share shares rights capital office (%) (%) Rupert 31.03. Ch. de la "A 2`836`664 0.27 0.49 Family 2011 Chenaie "bearer 50, 1293 shares Bellevue "B " 522`000`000 50.00 9.09 registe
red shares Public 27.02. ZA - "A" 32`633`436 3.13 5.68 Investm 2008 Pretoria bearer ent 0001, shares Corpora South tion Africa Moreover, on 18 May 2011, CFR indirectly held (treasury shares), via Richemont Employee Benefits Limited, St. Helier, Jersey, 22`406`950 `A` bearer shares representing 3.90 per cent of the capital and 2.15 per cent of the voting rights as well as options with the right to acquire up to 10`658`721 `A` bearer shares, representing 1.86 per cent of the capital and 1.02 per cent of the voting rights; representing in total 5.76 per cent of the capital and 3.17 per cent of the voting rights of CFR. Confidential Information At the date of this announcement, CFR does not possess any unpublished information about the Company likely to significantly influence the decision of shareholders to participate in the buy-back programme. Value number and ISIN Value Number : 4503965 ISIN : CH0045039655 Press enquiries Analysts` enquiries Alan Grieve Sophie Cagnard Director of Corporate Affairs Head of Investor Relations Tel: +41 22 721 3507 Tel: +33 1 58 18 25 97 E-mail: pressoffice@cfrinfo.net E-mail: investor.relations@cfrinfo.net 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: 19/05/2011 07:31:00 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.
