| Reinet Formation |
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8 October 2008 Richemont SA shareholders and PC holders approve distribution of luxury interests, change of legal form and change of name to Reinet 20 October 2008 Changes become effective 21 October 2008 Trading begins in new Reinet shares on the Luxembourg Stock Exchange 3 November 2008 Distribution to Reinet shareholders of 351.0 million shares in British American Tobacco P.L.C. (‘BAT’) by way of a capital reduction involving the cancellation of 495.6 million Reinet shares 3 November 2008 Issue of 30.3 million new Reinet shares to Remgro Limited against contribution of 21.4 million BAT shares 15 December 2008 Finalisation of the rights issue - auction of unexercised rights: - 92.93% of rights were taken up by shareholders following the rights issue and the take up of the unexercised rights through the auction process. Reinet has 195.9 million shares in issue and holds a total of 84.3 million BAT shares. |