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CFR - Compagnie Financiere Richemont SA Depositary Receipts - Richemont announces Share Buy-Back Programme Compagnie Financiere Richemont SA Depositary Receipts issued by Richemont Securities SA (Incorporated in Switzerland) ISIN: CH0045159024 Depositary Receipt Code: CFR RICHEMONT ANNOUNCES SHARE BUY-BACK PROGRAMME Richemont announces a programme to buy-back up to 10 million Richemont `A` shares through the market over the next two years, representing 1.7 % of the capital and 1.0 % of the voting rights of Compagnie Financiere Richemont SA. Purchases may be effected through share purchases on SIX Swiss Exchange and the purchase of depository receipts on the Johannesburg market at prevailing market prices or through the exercise of over-the-counter call options. The `A` shares acquired will not be cancelled and no second trading line will be introduced as a consequence of the buy-back programme. The `A` shares to be acquired will be held in treasury to hedge awards to executives under the Group`s stock option plan. Richemont currently holds 24.3 million `A` shares, representing 4.2 % of the capital and 2.3 % of the voting rights of the Company, in treasury as a consequence of previous buy-back programmes, which have also been linked to the Group`s stock option plan. In addition, Richemont holds over-the-counter call options to acquire a further 4.2 million `A` shares, representing 0.7 % of the capital and 0.4 % of the voting rights of the Company. Further information: Press enquiries: Mr Alan Grieve Director of Corporate Affairs Tel. +41 22 721 3507
Analysts` enquiries: Ms Sophie Cagnard Head of Investor Relations Tel. +33 1 5818 2597 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 16 MAY 2012 Date: 16/05/2012 07:30:02 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.
