Richemont Announces the End of the Share Buyback Programme Initiated in May 2023 and the Launch of a New Programme | Media

Ad hoc announcement pursuant to art. 53 LR Richemont’s three-year share buyback programme announced on 12 May 2023 expired on 21 May 2026. Under the programme, the Company repurchased a total of 2’195’000 ‘A’ shares, representing 0.37% of the capital and 0.20% of the voting rights of Compagnie Financière Richemont SA. Richemont’s share purchase history can be found on the Company’s website at: https://www.richemont.com/investors/shareholder-information/share-buybacks/. In addition, Richemont announces a new programme starting 26 May 2026 to buy back up to 10 million ‘A’ shares, representing 1.69% of the capital and 0.93% of the voting rights of the Company. Purchases will be effected through ‘A’ share purchases on SIX Swiss Exchange at prevailing market prices. The ‘A’ shares acquired will not be cancelled and no second trading line will be introduced as a consequence of the buyback programme. The ‘A’ shares to be acquired will be held in treasury to hedge awards to executives and employees under the Group’s long term incentive plan. The initiation of the buyback programme has been approved by the Swiss Takeover Board. Richemont currently holds 3 million ‘A’ shares in treasury. Those shares represent 0.51% of the capital and 0.28% of the voting rights of the Company.