Richemont Securities SA – Dividend dates in respect of South African depository receipts (‘CFR DR’) Compagnie Financiere Richemont SA Depositary Receipts issued by Richemont Securities SA ("Richemont Securities" or "Richemont") (Incorporated in Switzerland) ISIN: CH0045159024 Depositary Receipt Code: CFR RICHEMONT SECURITIES SA – DIVIDEND DATES IN RESPECT OF SOUTH AFRICAN DEPOSITORY RECEIPTS ('CFR DR') The foreign dividend payable to holders of Richemont Securities' CFR DRs resident in the South African Common Monetary Area ('SACMA') is derived from the dividend paid by Compagnie Financiere Richemont SA, Switzerland ('CFR') to holders of Richemont 'A' shares. The CFR DR dividend payable to SACMA residents is payable in Rand and will be effected via CSD participants in Strate for all dematerialised holdings and Computershare Investor Services Proprietary Limited for those on the certificated register. The Board of directors have recommended a total dividend of CHF 1.9000 per share from income reserves. It is anticipated that this dividend will be approved by shareholders of CFR at the annual general meeting to be held on Monday 10 September 2018 in Geneva. The dividend payable by CFR will be subject to Swiss withholding tax of 35 per cent, resulting in a net dividend of CHF 1.2350 per share. South African tax residents are eligible to recover 20 per cent of the 35 per cent Swiss withholding tax levied on the CFR dividend. Following the increase in the South African dividends tax rate from 15 percent to 20 percent a revised binding class ruling has been obtained from the South African Revenue Service. In terms of this ruling, those depository receipt holders who are not exempt from the South African dividends tax will be subject to a rate of 5 percent South African tax because of the credit available in respect of the Swiss withholding tax paid. Those depository receipt holders who qualify for exemption from the South African tax (e.g. South African companies and non-residents of South Africa) must ensure that they have filed the relevant exemption forms with their brokers/ banks in order to ensure that no South African tax is withheld. As CFR DR's trade in the ratio of 10 DRs to each Richemont 'A' share, the dividend entitlement per CFR DR is as follows: Gross dividend per CFR DR Withholding tax at 35% Net dividend in Swiss francs in Swiss francs in Swiss francs Total 0.1900 (0.0665) 0.1235 The exchange rate applicable for the conversion of Swiss franc to Rand for payment of the dividend will be confirmed in a separate announcement to be released on SENS on Tuesday 11 September 2018, being the finalisation date. The payment dates for the dividend in respect of the South African CFR DRs are anticipated to be as follows: Last date to trade "cum dividend" Tuesday,18 September 2018 Trading commences "ex-dividend" from the commencement of business on Wednesday,19 September 2018 CFR DR dividend record date Friday, 21 September 2018 CFR DR dividend payment date Thursday, 27 September 2018 CFR DR holders may not dematerialise or rematerialise their holding of CFR DRs between Wednesday, 19 September 2018 and Friday, 21 September 2018 both days inclusive. Richemont Securities SA Depository Receipts are issued subject to the terms of the Deposit Agreement entered into on 18 December 1992, most recently amended on 26 March 2014. By holding Depository Receipts, investors acknowledge that they are bound by the terms of the Deposit Agreement. Copies of the Deposit Agreement may be obtained by investors from Richemont Securities SA or Computershare Investor Services Proprietary Limited. Richemont Securities may appoint a depository agent or other parties to assist in the administration of the depository receipt programme and may provide to such agents such information as it deems to be appropriate, including information relating to the identity of holders of depository receipts. 18 May 2018 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 18/05/2018 07:35:00 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.