Cancellation of publicly held Kuoni B Shares and delisting from SIX Swiss Exchange as of 10 November 2016

By decision dated 13 October 2016, the Commercial Court of the Canton of Zurich cancelled all publicly held registered shares of Kuoni Travel Holding Ltd (Kuoni) with a nominal value of CHF 1.00 each (the Kuoni B Shares) based on article 137 of the Federal Act on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading. The decision has become effective on 27 October 2016.

The remaining minority shareholders of the cancelled Kuoni B Shares will be paid a cash compensation in the amount of CHF 370 for each cancelled share, corresponding to the offer price paid by Kiwi Holding IV S.à r.l. in its public tender offer for all publicly held Kuoni B Shares. The settlement and payment of the compensation to the remaining minority shareholders of Kuoni is scheduled to take place on or around
16 November 2016.

By decision dated 12 July 2016, SIX Exchange Regulation approved the de-listing of the Kuoni B Shares from SIX Swiss Exchange. Furthermore, by decision dated 31 October 2016, SIX Exchange Regulation determined that the last day of trading of the Kuoni B Shares will be 9 November 2016, after which the Kuoni B Shares will be delisted from SIX Swiss Exchange.

In addition, by decision dated 31 October 2016, SIX Exchange Regulation granted an extension of the deadline until which certain exemptions from obligations for maintaining listing apply. The deadline was extended from 3 November 2016 until (including) 9 November 2016. Please refer to the media release published on 27 June 2016 for further details of such exemptions.