Capital Structure

Compagnie Financière Richemont SA is domiciled in Switzerland with its registered office at:
50 chemin de la Chênaie
1293 Bellevue Geneva
Switzerland

The following provides a summary of the information contained in the current Corporate Goverance Report

Shares

There are 522 000 000 ‘A’ bearer shares, with a par value of CHF 1.00 each, and 522 000 000 ‘B’ registered shares, with a par value of CHF 0.10 each, in issue. Richemont ‘A’ bearer shares are listed and traded on the SIX Swiss Exchange. The ‘B’ registered shares are not listed and are held by Compagnie Financière Rupert.

The ISIN of Richemont ‘A’ shares is CH0045039655 and the Swiss ‘Valorennummer’ is 4.503.965.

At 31 March 2010, Richemont’s market capitalisation, based on a closing price of CHF 40.83 per 'A' share and a total of 522 000 000 ‘A’ shares in issue, was CHF 21 313 million. The overall valuation of the Group at the year end, reflecting the value of both the listed ‘A’ shares and the unlisted ‘B’ shares, was CHF 23 445 million.

Dividend

In respect of the financial year ended 31 March 2010, a dividend of CHF 0.35 per share has been proposed.

Share buy-back programmes

Over the course of the ten-year period ended 31 March 2009, the Group had repurchased a total of 38 202 818 ‘A’ units and shares through the market to meet obligations under stock option plans for executives. Details of the Group’s stock option plan are set out in section 5 of the 2009 Corporate Governance Report and in note 35 to the consolidated financial statements.

As at 31 March 2010, the Group held 20 253 282 'A' shares in Treasury and over-the-counter call options to purchase a further 13 612 171 'A' shares. On 26 May 2010, the Board approved the buy-back of 10 000 000 'A' shares..

Voting rights

Holders of Richemont shares may attend and vote at meetings of shareholders of Compagnie Financière Richemont SA. They may attend in person or may appoint the Company or a third party to represent them at the meeting. There is no limit on the number of shares that may be held by any given party nor any restriction on the voting rights attaching to those shares.

Richemont ‘B’ shares, which represent 9.1 per cent of the Group’s equity, control 50 per cent of the votes at meetings of shareholders of Compagnie Financière Richemont SA. The ‘B’ registered shares are entirely held by Compagnie Financière Rupert.

South African Depository Receipts

Richemont Securities AG, an entity jointly owned by Compagnie Financière Richemont SA and Reinet Fund SCA, acts as Depository for the issuance, transfer and cancellation of Richemont South African Depository Receipts (‘DRs’), which are traded on the Johannesburg stock exchange operated by JSE Limited. DRs trade in the ratio of ten DRs to each Richemont ‘A’ share. The terms and conditions applicable to DRs are set out in the Deposit Agreement entered into between Richemont Securities AG, as Depository, and Compagnie Financière Richemont SA as issuer.

Dividends received by Richemont Securities AG are payable in rand to South African residents. Dividends are converted upon receipt by Richemont Securities AG and remitted to the holders of DRs.

Transferability of shares

Richemont’s listed ‘A’ shares are issued in bearer form. Accordingly, there is no register of shareholdings and there are no restrictions on transfers of share holdings.

Transfers of the unlisted ‘B’ registered shares in Compagnie Financière Richemont SA, which are held solely by Compagnie Financière Rupert, must be approved by the Board of Directors of the Company.

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