Changes to senior management Compagnie Financière Richemont SA Depositary Receipts issued by Richemont Securities SA ("Richemont Securities" or "Richemont") (Incorporated in Switzerland) ISIN: CH0045159024 Depositary Receipt Code: CFR COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE CHANGES TO SENIOR MANAGEMENT Compagnie Financière Richemont SA announces the resignation of Marty Wikstrom from her role as Chief Executive Officer of Richemont Fashion and Accessories with immediate effect. She will continue to serve as a Non-Executive Director on the Board of Compagnie Financière Richemont SA until the shareholders meeting to be held on 12 September 2013. Ms Wikstrom was first appointed to the Board in 2005 and served as a Non-Executive Director until 2009. In 2009, she became an Executive Director upon her appointment as Chief Executive Officer of Richemont Fashion and Accessories. In that role, she has overseen the strategic development of six of Richemonts Maisons, including Alfred Dunhill, Azzedine Alaia, Chloé and Lancel. Since 2009, Ms Wikstrom has also served as a member of the Chairmans Committee and the Group Management Committee. She steps down from those Committees. The Board of Directors would like to thank Ms Wikstrom for her many contributions to the Group, transitioning the fashion and accessories businesses and positioning them for further prosperous growth. Further details regarding the Board of Directors may be found on the Groups website at: http://www.richemont.com/about-richemont/corporate-governance/board-of-cfr-sa.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 & Söhne and Roger Dubuis, as well as the Ralph Lauren Watch and Jewelry joint venture; the Montblanc Maison; and Other, being Alfred Dunhill, Chloé, 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 21 MAY 2013 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 21/05/2013 07:30:00 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.