On 25 February 1999, Richemont announced proposals to initiate a buy-back of up to 100 000 units (or some 2% of its share capital) in the context of a share option scheme to be introduced for employees within the group.

Richemont is pleased to announce that it has completed the repurchase programme, having acquired the 100 000 units in the period up to 23 April 1999.