Changes to senior management Compagnie Financiere Richemont SA Depositary Receipts issued by Richemont Securities SA (Incorporated in Switzerland) ISIN: CH0045159024 Depositary Receipt Code: CFR CHANGES TO SENIOR MANAGEMENT Richemont announces the retirement of Ms Pilar Boxford, effective 1 April 2013. She will step down from the Group Management Committee at that time. Reflecting the changed role of the Group Management Committee announced in November 2012, Ms Boxford will not be replaced on the Committee. Ms Boxford joined Cartier Paris in 1979 as Product Manager for the launch of Cartier Parfums and subsequently became responsible for Cartiers worldwide public relations strategy. Five years later, she transferred to Cartier London as Communications Director. In 2004, Ms Boxford was appointed Group Public Relations Director and joined the Group Management Committee. Following her retirement, she will continue as a consultant, supporting the Maisons on key public relations matters. Mr Johann Rupert, Richemont Executive Chairman and Chief Executive Officer, said After 33 years, Pilar's knowledge and her contribution to Cartier and our other Maisons unique position are demonstrated by their worldwide reputations. Further details regarding the Group Management Committee may be found on the Groups website at: http://www.richemont.com/about-richemont/corporate-governance/group-management-committee.html ______________________________________ About Richemont 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, Chloe, Lancel and Net-a-Porter as well as other smaller Maisons and watch component manufacturing activities for third parties. Richemont 'A' shares are listed on the SIX Swiss Exchange, Richemonts primary listing, and are included in the Swiss Market Index ('SMI') of leading stocks. Richemont South African Depository Receipts are listed in Johannesburg, Richemonts secondary listing. Press Enquiries Alan Grieve Director of Corporate Affairs Tel: +41 22 721 3507 Email: pressoffice@cfrinfo.net Analysts Enquiries Sophie Cagnard Head of Investor Relations Tel: +33 1 58 18 25 97 Email: investor.relations@cfrinfo.net 25 MARCH 2013 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: 25/03/2013 08:00:00 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.