Information for South African A warrant holders - exchange rate applicable to the conversion of the exercise price

Compagnie Financière Richemont SA
(Incorporated in Switzerland)
(Registration number CHE-106.325.524)
Share code: CFR
ISIN: CH0210483332
("CFR" or "the Company")

INFORMATION FOR SOUTH AFRICAN A WARRANT HOLDERS | EXCHANGE RATE APPLICABLE TO
THE CONVERSION OF THE EXERCISE PRICE

Unless otherwise indicated, terms defined in the Supplementary Information Memorandum relating to
CFR's Equity-Based Loyalty Scheme distributed by the Company to Depositary Receipt Holders on 19
October 2020 ("SIM"), have been used in this announcement.

1.   Introduction

South African A Warrant holders are referred to the announcement released on SENS on 31 October 2023
regarding, inter alia, the process and salient dates applicable to the Exercise of A Warrants by South African
A Warrant Holders pursuant to CFR's Equity-Based Loyalty Scheme.

2.   Exercise of the A Warrants by South African A Warrant Holders

South African A Warrant Holders are reminded to exercise their A Warrants during the Exercise Period, from
09:00 a.m. SAST on Friday, 17 November 2023 until 12:00 (noon) SAST on Tuesday, 21 November 2023.
The A Warrants have value and should be exercised before they lapse. Exercise is not automatic. Should you
take no action, your A Warrants will lapse, their JSE listing will be terminated, and they will be
worthless.

3. Exchange rate applicable to the conversion of the Exercise Price

South African A Warrant Holders who exercise their A Warrants during the Exercise Period are required to
settle the Exercise Price in ZAR, by no later than 12:00 noon SAST on Tuesday, 21 November 2023.

The exchange rate applicable for the conversion of Swiss franc to rand for payment of the Exercise Price is
ZAR 20.6965 : Swiss franc 1.

Accordingly, the Exercise Price payable by South African A Warrant Holders is ZAR1,386.66 per 67 A Warrants
exercised, in order to acquire one A Share.

4. Remaining salient dates and times applicable to the Exercise Period

The remaining salient dates and times applicable to the Exercise Period in respect of the A Warrants:

                                                                                                              2023
 Start of the Exercise Period for A Warrants at 09:00 SAST on                                  Friday, 17 November
 Record Date for the exercise of A Warrants                                                    Monday, 20 November
 End of the Exercise Period for A Warrants at 12:00 noon SAST on                              Tuesday, 21 November
 Payment deadline to pay the Exercise Price of A Warrants at 12:00 noon SAST on               Tuesday, 21 November
 Commencement of trading in the entitlement to New A Shares on the JSE (for                  Thursday, 23 November
 settlement on Tuesday, 28 November 2023), with effect from the commencement of
 business on
 New A Shares issued against payment of the Exercise Price on                                 Tuesday, 28 November
 First settlement of the New A Shares on the JSE, with effect from the commencement           Tuesday, 28 November
 of business on
 Listing of the A Warrants on the JSE terminated, with effect from the commencement         Wednesday, 29 November
 of business on

 Note:
 South African Holders are invited to contact their broker or CSDP for further instructions regarding the exercise of A
 Warrants and should be mindful that brokers and CSDPs are likely to impose to their clients deadlines or cut-off dates
 falling earlier than the dates set forth above.

5. Contact for enquiries

South African A Warrant Holders may contact the Computershare call centre for assistance on 086 110 0931
between the hours of 08:00 a.m. SAST and 17:00 p.m. SAST. Alternatively, enquiries may be emailed to
web.queries@computershare.co.za or corporate.actions@computershare.co.za. South African A Warrant
Holders are also advised to contact their broker or CSDP for guidance.

DISCLAIMER

This announcement and the information contained in it are being distributed and communicated for
informational purposes only and are not to be construed as an offer to sell or a solicitation of an offer to buy
shares of the Company ("Shares"), warrants or any other securities, or as a recommendation to the Company's
shareholders, or to any other person, to buy or sell Shares, warrants or any other securities, nor shall there be
any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to
registration or qualification under the applicable securities laws of such state or jurisdiction. Shareholders (or
any other persons) who intend to purchase, exercise or sell the warrants are therefore recommended to first
seek their own financial advice from their stockbroker, bank manager, fund manager, lawyer, accountant or
other appropriately authorised independent financial adviser.

This announcement and the information contained in it are not for publication, release, transmission,
distribution or forwarding, in whole or in part, directly or indirectly, in or into Australia / Hong Kong SAR, China
/ Japan or any other jurisdiction where it would be unlawful to provide such access, or to any persons who are
not authorised under the laws and regulations of their relevant jurisdiction to have access to these materials.
This announcement is neither directed at, nor intended for access or use by, any person or entity that is a
citizen or resident or physically located in any locality, state or country or other jurisdiction where such
distribution, publication, availability or use would be contrary to law or regulation or which would require any
registration or licensing within such jurisdiction.

In the United Kingdom, this announcement and the information contained in it are directed only at persons
who are (i) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated
associations etc.") of the UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order") or (ii) have professional experience in matters relating to investments falling within Article 19(5) of the
Order or to whom this announcement may otherwise be directed without contravention of the UK Financial
Services and Markets Act 2000 (all such persons together being referred to as "UK Relevant Persons").

This announcement is not an offer of securities for sale in the United States. Securities may not be offered or
sold in the United States absent registration with the US Securities and Exchange Commission ("SEC") or an
exemption from registration. There will be no public offering of these securities in the United States.

Any person who is not a UK Relevant Person or who is otherwise prohibited under applicable law or regulation
from accessing this announcement and the information contained therein should not act on this announcement
or the information contained therein, or engage in any investment activity in connection with the same. Persons
distributing any part of this announcement or the materials contained herein must satisfy themselves that it is
lawful to do so. Persons (including, without limitation, nominees and trustees) who have a contractual or other
legal obligation to forward a copy of this announcement should seek appropriate advice before taking any such
action. Persons into whose possession this announcement comes are required by the Company to inform
themselves about, and to observe, such restrictions.

Note to US shareholders
This announcement, the warrants and the Shares have not been approved or disapproved by the SEC. Neither
the SEC nor any US federal or state securities commission or regulatory authority has passed comment or
opinion upon the accuracy or adequacy of this announcement or endorsed the merits of the loyalty scheme,
the warrants or the Shares. Any representation to the contrary is a criminal offence in the United States.
Shareholders who are citizens or residents of the United States are advised that the Warrants and any new
Shares issued through the exercise of the warrants have not been and will not be registered under the US
Securities Act of 1933, as amended (the "US Securities Act") or registered or qualified under any securities
laws of any state or other jurisdiction of the United States and may not be offered, sold, taken up, exercised,
resold, transferred or delivered, directly or indirectly, within the United States except pursuant to an applicable
exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and
applicable state and other securities laws of the United States. There will be no public offer of the warrants or
of any Shares issued through the exercise of the warrants in the United States. This announcement does not
constitute nor will it constitute an offer or an invitation to apply for, or an offer or an invitation to acquire, any
warrants or Shares issued through the exercise of the warrants in the United States.

Other restricted jurisdictions
Warrants and any Shares issued through the exercise of the warrants may not be exercised, offered,
allocated, sold, resold, transferred, delivered or acquired, directly or indirectly, in Australia, Japan
or Hong Kong SAR, China.

By order of the Directors
Switzerland

17 November 2023

Financial advisor, merchant bank and JSE sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

CFR A Shares are listed on the SIX Swiss Exchange, CFR's primary listing, and are included in the Swiss
Market Index ('SMI') of leading stocks. CFR A Shares are listed on the JSE, CFR's secondary listing.

Date: 17-11-2023 08:30:00
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