CFR - Compagnie Financiere Richemont SA - Senior executive appointment at

CFR - Compagnie Financiere Richemont SA - Senior executive appointment at       
cartier                                                                         
Compagnie Financiere Richemont SA Depositary Receipts                           
issued by Richemont Securities SA                                               
(Incorporated in Switzerland)                                                   
ISIN: CH0045159024                                                              
Depositary Receipt Code: CFR                                                    
COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE                                      
SENIOR EXECUTIVE APPOINTMENT AT CARTIER                                         
Richemont is pleased to announce the appointment, by the end of this calendar   
year, of Mr Stanislas de Quercize as the Chief Executive Officer of Cartier to  
succeed Mr Bernard Fornas, who reached the age of 65 earlier this month.        
Mr de Quercize is currently Chief Executive Officer of Van Cleef & Arpels and   
will continue in that role until he assumes his new position. Since 1989, he has
had an extensive career within the Group, having worked with Montblanc, Alfred  
Dunhill, Cartier - where he rose to be President of Cartier Inc. in the United  
States - and, since 2005, Van Cleef & Arpels.                                   
Mr de Quercize will be succeeded as Chief Executive Officer of Van Cleef &      
Arpels by Mr Nicolas Bos, currently Creative Director of Van Cleef & Arpels and 
Chief Executive of Van Cleef & Arpels North America.                            
Johann Rupert, Executive Chairman and Chief Executive Officer of Richemont,     
said:                                                                           
"Over the last decade, Bernard Fornas has led Cartier in an entrepreneurial and 
highly professional manner. He has been responsible during that period for      
Cartier`s growth strategy and has overseen its geographical expansion, most     
notably into new markets in Asia. Under Bernard`s leadership, Cartier has       
thrived and is now exceptionally well positioned as the world`s pre-eminent     
international jewellery Maison. This is due in no small measure to the          
commitment, enthusiasm and hard work of Bernard and the excellent management    
team that he has built.                                                         
Stanislas de Quercize has proved himself to be a highly effective leader at Van 
Cleef & Arpels and has successfully overseen its development, fully respecting  
the traditions and heritage of that Maison. I am sure that, under Stanislas`    
future leadership, Cartier will continue to build upon its successes to date and
maintain its unparalleled position as King of Jewellers and Jeweller to Kings." 
Mr Fornas will continue to have a senior management role within the Group,      
working closely with Johann Rupert and Richard Lepeu. He will remain as a member
of Richemont`s Group Management Committee.  In due course, Mr de Quercize will  
also become a member of the Management Committee.                               
Richemont owns a portfolio of leading international brands or `Maisons`, which  
are managed independently of one another, recognising their individuality and   
uniqueness. The businesses operate in four areas: Jewellery Maisons, being      
Cartier and Van Cleef & Arpels; Specialist watchmakers, being Jaeger-LeCoultre, 
Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine Panerai, A. Lange & 
Sohne and Roger Dubuis, as well as the Ralph Lauren Watch and Jewelry joint     
venture; the Montblanc Maison; and Other, being Alfred Dunhill, Lancel, Net-a-  
Porter and Chloe as well as other smaller Maisons and watch component           
manufacturing activities for third parties.                                     
Richemont `A` shares are listed on the SIX Swiss Exchange, Richemont`s primary  
listing, and are included in the Swiss Market Index (`SMI`) of leading stocks.  
Richemont South African Depository Receipts are listed in Johannesburg,         
Richemont`s secondary listing.                                                  
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                                                               
26 MARCH 2012                                                                   
Date: 26/03/2012 07:30:02 Supplied by www.sharenet.co.za                     
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