Share to DR & DR to Share Conversion Procedures for Market Participants

Reinet DR’s trade on the basis of 10 DRs to each Reinet share. Reinet DRs are issued by Richemont Securities AG, a company jointly owned by Compagnie Financière Richemont SA (‘CFR’) and Reinet, which also issues Richemont DRs in the South African market. Richemont Securities has appointed Computershare Limited as its agent in the South Africa.

Following the established practice for the conversion of the former Richemont  ‘A’  equity units into Richemont DRs and vice versa, which was established in 1988 and operated up until the separation of CFR and Reinet, Richemont Securities operates programmes designed to allow market participants to convert both CFR shares into CFR DRs and Reinet shares into Reinet DRs and vice  versa. Conversions of DRs into Reinet shares are subject to compliance with relevant South African securities and exchange control regulations.

Reinet  shares for conversion into DRs should be delivered to the pledged account of Richemont Securities AG at UBS AG in Zurich and delivery instructions provided to Richemont Securities AG in Switzerland. For the conversion of DRs into shares, DRs should be delivered to the account of Richemont Securities AG held at the Computershare CSDP and transfer instructions delivered to Computershare Limited.