Mr Rupert studied economics and company law at the University of Stellenbosch, South Africa and has had an extensive career in international business and finance. He has served on the boards of Rothmans International and British American Tobacco and was Executive Chairman of Rand Merchant Bank. He became Group Chief Executive of Richemont on its formation in 1988 and assumed the role of Executive Chairman in September 2002. He further served as Group Chief Executive Officer during the period from October 2003 to September 2004. He is Non Executive Chairman of Remgro Limited and of VenFin Limited. Mr Rupert is Chairman of the Nominations Committee.

Mr Platt graduated with a BSc in precision mechanical engineering from the University of Frankfurt/Main and has studied business and management topics at Harvard Business School and at INSEAD. He worked for a number of years in the field of precision instruments, working with Rollei in Germany and internationally, becoming CEO of Rollei Singapore and Managing Director of Rollei Fototechnic in Germany. He joined Montblanc in 1987 and was President and CEO of Montblanc International. Mr Platt was appointed Group Chief Executive Officer in September 2004. He remains a member of the management board of Montblanc International Holding and is Non-Executive President of Montblanc International. He has been nominated to the Board of Compagnie Financière Richemont SA,subject to the approval of shareholders at the Annual General Meeting to be held on 15 September 2005.

Mr Lepeu is a graduate of the Institut d'Etudes Politiques de Paris and the Université de Sciences Economiques de Paris X. He worked in international corporate finance before joining Cartier in 1979 as assistant to the President. Within Cartier, he was appointed Company Secretary in 1981 and became Director of Finance and Administration in 1985 before being appointed Chief Executive in 1995. He became Chief Operating Officer of Richemont in 2001 and was appointed as Group Finance Director in May 2004. Mr Lepeu is also a member of the Boards of Richemont SA,Richemont Japan and Richemont North America.

Mr Lakhnati is a graduate from the Institut Supérieur de Gestion in Paris. After a career in management consulting, he joined Remgro Limited, in South Africa in 1994 rising to become Chief Executive Officer of one of the subsidiaries in its Industrial Division. He joined Richemont as Chief Operating Officer in January 2004 and resigned from the Board of Richemont SA on 31 May 2005.

Mr Barton is a graduate of the University of East Anglia and qualified as a Chartered Accountant in 1973. He joined Cartier, Paris in 1975 and was Finance Director of Les Must de Cartier before moving to Geneva to become Managing Director of Piaget and Baume & Mercier in 1988. He transferred to London as Chief Executive of Alfred Dunhill in 1997 and took up his current position in New York in 2001. He is Chairman of Alfred Dunhill and of Cartier Inc. and is a founding member of the Laureus Sport for Good Foundation, USA.

Mr Belmont studied engineering at the Ecole Polytechnique in Grenoble, France and holds an MBA from INSEAD at Fontainebleau. He has a background in precision engineering and was Chief Executive of Yema-Matra prior to joining Jaeger-LeCoultre in 1987, where he became Chief Executive. Having overseen the integration of Jaeger-LeCoultre, IWC and A. Lange & Söhne with the Group's other specialist watch brands, he is now responsible for Richemont's overall watch movement manufacturing strategy.

Mr Beyers holds BComm and LLB degrees from the University of Stellenbosch, South Africa and an MBA from the University of Cape Town. Prior to joining the Group, he had an extensive career in industry and was inter alia Managing Director of Cadbury, South Africa. Mr Beyers is a member of the Group's Strategic Product and Communication Committee and is responsible for the provision of Marketing Services to the Maisons. He is also a director of British American Tobacco p.l.c., Remgro Limited, VenFin Limited and Distell Limited.

A graduate of the Insitute of Applied Arts and Design of Turin where he specialised in art styling, industrial design and architecture, Mr Bodino has had an extensive career in the design industry. His association with the Group, which began in 1990, extends across most of the Maisons and has involved watches, jewellery, accessories and writing instruments. In February 2002 he became Creative Director for the Group and a member of the Strategic Product and Communication Committee. He was subsequently appointed Cartier Creative Director and in February 2004 became Group Art Director and a member of the Board of Richemont SA.

Ms Boxford graduated in Economics and Finance from the Institut d'Etudes Politiques de Paris. She joined Cartier Paris in 1979 as Product Manager - Perfumes and subsequently became responsible for Cartier's worldwide public relations strategy. In 1984, she transferred to Cartier London as Communications Director and became a member of the management board of Cartier UK Limited. She was appointed Group Public Relations Director in February 2004. Her primary role is to support the Maisons in the development of effective PR strategies with a view to strengthening their presence on the world stage.

Mr Critchell is a graduate of Kings College, London and holds an MBA from INSEAD. He had a career in sales, marketing and general management before joining the Group in 1990. Prior to joining Alfred Dunhill in 2001, he was Chief Executive of Richemont North America and of Cartier Inc. He is a member of the Board of Richemont North America and serves as a member of the Corporate Council of the Whitney Museum of Art, New York. Mr Critchell resigned from his position as Chief Executive of Alfred Dunhill in June 2005 but will remain a member of the Board of Richemont SA until 31 March 2006.

Mr Fornas graduated from Lyon Business School and holds an MBA from the Kellogg School of Management. He has worked with a number of companies in the consumer products field prior to joining Cartier as International Marketing Director in 1994. He subsequently became Chief Executive of Baume & Mercier and was appointed Chief Executive of Cartier in 2002.

Mr Grieve holds a degree in business administration from Heriot-Watt University, Edinburgh and is a member of the Institute of Chartered Accountants of Scotland. Prior to joining Richemont's predecessor companies in 1986, he worked with Price Waterhouse & Co (now PricewaterhouseCoopers) and Arthur Young (now Ernst & Young). He served as Company Secretary of Richemont since its formation in 1988 until being appointed to the Board of Richemont SA in February 2004. He has been involved in many aspects of the Group's financial management, serving also on the boards of a number of the Group's subsidiary companies. He is a director of various subsidiary companies within the VenFin Limited and Remgro Limited groups of companies.

Ms Guichot graduated with an MBA from l'Ecole des Hautes Etudes Commerciales (H.E.C.), Paris in 1986, joining Cartier International immediately thereafter. She worked in many areas of that company and was appointed Commercial/Sales Director in 1992 before being made Managing Director of Cartier SA in France in 1996 and assuming her role as Chief Executive of Van Cleef & Arpels in 1999. In 2003 Ms Guichot also assumed the role of Chief Executive of Lancel. She resigned from the Board of Richemont SA and left the Group in January 2005.

Dominique Jousse Human Resources Director French, age 46 Appointed to the board 2000, resigned April 2005

Ms Jousse is a graduate of the Sorbonne in economics and business management and has a post-graduate qualification in human resource management from the Institut de Gestion Sociale, Paris. She has held a number of senior positions in international human resources, having worked with Citibank, General Electric, LVMH and Andersen Consulting (now Accenture) and was International Human Resources Director of Cartier International from 1996 to 1999. Ms Jousse resigned from the Board of Richemont SA on 30 April 2005.

Albert Kaufmann General Counsel Swiss, age Appointed to the board 2000

Mr Kaufmann holds a degree from the Faculty of Law of the University of Geneva and has been admitted to the Geneva Bar. He joined Cartier in 1974 to lead its legal department and has since been responsible for the legal affairs of the Group's luxury goods companies. He was a member of the board of Cartier International and was a director of Vendôme Luxury Group. He was appointed as Group General Counsel in 1999. Mr Kaufmann is a member of the board of the Swiss Watch Federation.

Eloy Michotte Corporate Finance Director Belgian, age Appointed to the board 1988

Mr Michotte graduated in engineering from the University of Louvain in Belgium and holds an MBA from the University of Chicago. He has had an extensive career in international business and finance, having worked with Ford, McKinsey & Co and Bankers Trust Company prior to joining Richemont at the time of its formation in 1988. As Head of Corporate Finance, he has responsibility for mergers and acquisitions and serves on the boards of a number of companies in which the Group has an interest.

Frederick Mostert Chief Intellectual Property Counsel South African, age Appointed to the board 1994

Dr Mostert holds a masters degree from Columbia University School of Law in New York City and a doctorate from the University of Johannesburg. He is a member of the New York Bar and has practised corporate law at Shearman and Sterling and international intellectual property law at Fross, Zelnick, Lehrman & Zissu in New York. He joined Richemont in 1990. He is Honorary Chairman of the International Trademark Association, serves on the Advisory Board of the McCarthy Center for Intellectual Property and Technology Law and is Vice Chairman of GenuOne Inc.

Jan Rupert Manufacturing Director South African, age Appointed to the board 2000

Mr Rupert is a graduate in mechanical engineering from Stellenbosch University and has had an extensive career in production management in the tobacco and watchmaking industries. He was Manufacturing Director of Rothmans International and assumed his current role with the Group in 1999, in which capacity he has overall responsibility for the Group's manufacturing strategy.

The Board of Richemont SA typically meets five times per annum, for half a day to a day. It is composed of the Executive Chairman, the Group Chief Executive Officer and the Group Finance Director together with the Chief Executive Officers of certain leading business units as well as regional and functional heads. At 31 March 2005, the Board had 18 members, two of whom also served on the Board of Compagnie Financière Richemont SA during the year under review. Appointments to the management board are made by the Board of Compagnie Financière Richemont SA upon the recommendation of the Nominations Committee.

The executive management is charged by the Board of Directors of Compagnie Financière Richemont SA with implementing the strategic policies determined by the Board. It is empowered to conduct the day-to-day strategic and operational management including, inter alia, the financial management of the Group. It is responsible for the management of the Group's underlying businesses and investments, subject at all times to an obligation to provide adequate information on the development of those businesses to the Board.

Management contracts

There are no contracts between the Group and any third parties for the management of any subsidiary or associated company in the Group.