Changes to the board of directors Compagnie Financiere Richemont SA Depositary Receipts Issued by Richemont Securities SA ("Richemont Securities" or "Richemont") (Incorporated in Switzerland) Share code: CFR ISIN: CH0045159024 Depositary Receipt Code: CFR COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE CHANGES TO THE BOARD OF DIRECTORS 18 MARCH 2016 Compagnie Financière Richemont SA announces that Mr Alain Dominique Perrin will not be standing for re-election at the next Annual General Meeting ('AGM'), to be held on 14 September 2016. He will continue to serve as a member of the Board of Directors and of its Nominations Committee until that date. Thereafter, to ensure that Richemont and its Maisons can continue to benefit from his wide experience, he will serve as a consultant. The 2016 annual report will contain further information regarding this change. Richemont also announces the nomination of Mr Jeff Moss for election to the Board of Directors. His appointment is subject to the approval of the shareholders at the next AGM. Mr Moss will serve as a Non-Executive Director and become a member of the Board's Nominations and Strategic Security Committees. Mr Moss is a computer security and internet security expert. He currently serves as: a member of the U.S. Department of Homeland Security Advisory Council; a member of the Council on Foreign Relations; a Nonresident Senior Fellow at the Atlantic Council; and a member of the Georgetown University School of Law Cybersecurity Advisory Committee. Previously Mr Moss has served as: Chief Security Officer of the Internet Corporation for Assigned Names and Numbers ('ICANN'); and a director at Secure Computing Corporation. He is the founder of the Black Hat Briefings and DEF CON. He is a graduate of Gonzaga University, U.S.A. Details regarding the Board of Directors may be found on the Group's 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, Van Cleef & Arpels and Giampiero Bodino; Specialist watchmakers, being A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Officine Panerai, Piaget, Roger Dubuis and Vacheron Constantin, as well as the Ralph Lauren Watch and Jewelry joint venture and Other, being Alfred Dunhill, Chloé, Lancel, Montblanc as well as other smaller Maisons and watch component manufacturing activities for third parties. In addition, Richemont holds a 50% equity-accounted interest in the YOOX Net-A-Porter Group, a publicly traded company. 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. Enquiries Sophie Cagnard Head of Investor Relations Tel: +33 1 58 18 25 97 Email: investor.relations@cfrinfo.net pressoffice@cfrinfo.net COMPAGNIE FINANCIÈRE RICHEMONT SA 50, CHEMIN DE LA CHÊNAIE CP30 1293 BELLEVUE - GENEVA SWITZERLAND TELEPHONE +41 (0)22 721 3500 TELEFAX +41 (0)22 721 3550 WWW.RICHEMONT.COM Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18/03/2016 07:56:00 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.