COMPAGNIE FINANCIERE RICHEMONT SA - Compagnie Financiere Richemont SA Exchange rate applicable for the dividend payable on South African A shares

Compagnie Financiere Richemont SA – Exchange rate applicable for the dividend payable on South African ‘A’ shares

Compagnie Financiere Richemont SA
("Richemont" or "the Company" or "the Group")
(Incorporated in Switzerland)
Share code: CFR
ISIN: CH0210483332

COMPAGNIE FINANCIERE RICHEMONT SA – EXCHANGE RATE APPLICABLE FOR THE DIVIDEND
PAYABLE ON SOUTH AFRICAN 'A' shares ('JSE shares')

The foreign dividend payable to holders of CFR shares on the JSE resident in
South Africa is derived from the dividend paid by Compagnie Financiere
Richemont SA, Switzerland ('CFR') to holders of Richemont 'A' shares.

The dividend payable for the CFR shares on the JSE is payable in Rand and
will be effected via CSD participants in Strate for all dematerialised
holdings.

The board of directors of CFR has recommended a dividend of CHF 2.75000 per
'A' share from income reserves. The dividend was approved by shareholders of
CFR at the annual general meeting on Wednesday 11 September 2024 in Geneva.
The dividend payable by CFR will be subject to Swiss withholding tax of 35
per cent, resulting in a net dividend of CHF 1.78750 per 'A' share. South
African tax residents are eligible to recover 20 per cent of the 35 per cent
Swiss withholding tax levied on the CFR dividend.

Following the increase in the South African dividends tax rate from 15
percent to 20 percent a revised binding class ruling was obtained from the
South African Revenue Service. In terms of this ruling, those JSE
shareholders who are not exempt from the South African dividends tax will be
subject to a rate of 5 percent South African tax because of the credit
available in respect of the Swiss withholding tax paid. Those JSE
shareholders who qualify for exemption from the South African tax (e.g. South
African companies and non-residents of South Africa) must ensure that they
have filed the relevant exemption forms with their brokers/ banks in order
to ensure that no South African tax is withheld.

The exchange rate applicable for the conversion of Swiss franc to rand for
payment of the dividend is ZAR 21.06650: Swiss franc 1. Accordingly, the net
dividend payable per JSE share after South African dividend tax is ZAR
3'475.97250 cents, as set out in the table below:


                 Gross dividend      Swiss withholding       South African
                  Per JSE share             tax at 35%     withholding tax    Net dividend
                   in ZAR cents           in ZAR cents               at 5%    in ZAR cents

Ordinary Dividend   5'793.28750          (2'027.65063)         (289.66437)     3'475.97250

The payment dates for the dividend in respect of the JSE shares are as
follows:

 Finalisation date                                 Wednesday, 11 September 2024
 Last date to trade "cum dividend"                 Wednesday, 18 September 2024
 Trading commences "ex-dividend" from the
 commencement of business on                       Thursday,19 September 2024
 JSE share record date                             Monday, 23 September 2024
 JSE share dividend payment date                   Monday, 30 September 2024

JSE shareholders may not dematerialise or rematerialise their shares between
Thursday, 19 September 2024 and Monday, 23 September 2024 both days
inclusive. No transfers of shareholdings to and from South Africa will be
permitted between Thursday, 12 September 2024 and Monday, 23 September 2024
(both dates inclusive).

CFR may appoint other parties to assist in the administration of the share
programme and may provide to such agents such information as it deems to be
appropriate, including information relating to the identity of holders of
JSE shares.

Richemont A shares are listed on the SIX Swiss Exchange, Richemont's
primary listing, and are included in the Swiss Market Index ('SMI') of
leading stocks. Richemont A shares are listed on the Johannesburg Stock
Exchange, Richemont's secondary listing.

11 September 2024

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 11-09-2024 01:05:00
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