Directors Remuneration and Unit Ownership

Compensation to directors and senior management

The total level of compensation paid to executive directors of Compagnie Financière Richemont SA and members of the Board of Richemont SA, the management board, including pension contributions, benefits in kinds and all other aspects of remuneration but excluding the value of awards under the Group’s stock option plan, amounted to € 28 666 059. This figure includes all payments made during the year under review to executive directors who left the Group during the period.

Compensation to non-executive directors

Total fees and other remuneration paid to non-executive directors during the year amounted to € 889 362. An analysis of this figure is given in section 5 of the Corporate Governance Report. No option grants are made to non-executive directors.

Compensation to former directors or senior management

During the year under review, one former executive director received fees of € 301 142 for consultancy services provided to the Group.

Unit ownership

As at 31 March 2007 non-executive directors and parties closely linked to them owned a total of 45 100 Richemont ‘A’ units. Executive directors and members of the management board and parties closely linked to them held a total of 90 000 Richemont ‘A’ units at that date. As noted above, Mr Johann Rupert is the General Managing Partner of Compagnie Financière Rupert, which holds the 52 200 000 ‘B’ registered units in the Group. Parties associated with Mr Johann Rupert and Compagnie Financière Rupert held a further 160 703 ‘A’ units or ‘A’ unit equivalents at 31 March 2007.

Allotment of units

No units were allotted to directors or members of the management board during the year ended 31 March 2007.

Highest Total Compensation

The highest paid member of the Board of directors for the year under review was Mr Norbert Platt, Group Chief Executive Officer. The total level of his remuneration, including pension contributions, benefits in kind and all other aspects of remuneration but excluding the value of awards under the Group's stock option plan, amounted to € 4 462 104. In addition, he received options during the same period entitling him to acquire
200 000 Richemont 'A' units.

These options are exercisable as follows:

Each option entitles the executive to purchase one Richemont 'A' unit.