| Tue 15 Feb 2005, 18:04 | | PRESS RELEASE |
|
RICHEMONT SECURITIES AG - PRESS RELEASE - DISCLOSURE OF SIGNIFICANT HOLDING OF
COMPAGNIE FINANCIERE RICHEMONT SA `A` BEARER SHARES IN ACCORDANCE WITH ARTICLE
20 OF THE SWISS FEDERAL STOCK EXCHANGE ACT
Richemont Securities AG
(Incorporated in Switzerland)
(Registration CH-170.3.013.861-6)
JSE Code : RCH
ISIN: : ZAECH0013157380
PRESS RELEASE
Disclosure of significant holding of Compagnie Financiere Richemont SA `A`
bearer shares in accordance with Article 20 of the Swiss Federal Stock Exchange
Act
Compagnie Financiere Richemont SA has been advised by The Capital Group
Companies Inc, 333 South Hope Street, Los Angeles, California, USA (`CGC`) on
behalf of funds managed by Capital Research and Management Company, Los Angeles
and clients managed by Capital Guardian Trust Company, Los Angeles, Capital
International Limited, London, Capital International Inc, Los Angeles and
Capital International SA, Geneva that 50 185 417 `A` bearer shares in Compagnie
Financiere Richemont SA, representing 4.81 per cent of the voting rights in the
Company, are owned by accounts under the discretionary investment management of
one or more of the companies named above or their subsidiaries.
Compagnie Financiere Richemont SA `A` bearer shares are indivisibly twinned with
participation certificates issued by Richemont SA, Luxembourg to form Richemont
`A` units, which are listed on SWX Swiss Exchange. Accordingly, CGC`s interest
is the equivalent of 50 185 417 Richemont `A`units.
In January 2003, CGC had advised that it held 52 501 787 `A` bearer shares,
representing 5.03 per cent of the voting rights, in the Company.
The information contained in this press release is not considered to be price
sensitive.
Richemont owns a portfolio of leading international brands including Cartier,
Van Cleef & Arpels, Alfred Dunhill, Montblanc and Lancel as well as prestigious
watch manufacturers Jaeger-LeCoultre, Piaget, Baume & Mercier, IWC, Vacheron
Constantin, A. Lange & Sohne and Officine Panerai.
In addition to its luxury goods business, Richemont holds an 18.8 per cent
interest in British American Tobacco.
Further enquiries:
Mr Alan Grieve
Director of Corporate Communications
Compagnie Financiere Richemont SA
Tel. +41 22 715 3736
Analysts` inquiries:
Ms Sophie Cagnard-Fabrici
Head of Investor Relations
Tel. +33 1 5818 2597
Compagnie Financiere Richemont SA
8 Boulevard James-Fazy CH-1201 Geneva Switzerland
Telephone +41 (0)22 715 3500 Telefax +41 (0)22 715 3550
www.richemont.com
15 February 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Date: 15/02/2005 05:37:24 PM
Produced by the JSE SENS Department
