Repurchasing of own shares

Second trading line on SIX Swiss Exchange Ltd

Biel/Bienne (Switzerland), 3 February, 2016 - The Swatch Groupintends to repurchase own shares up to a maximum value of CHF 1 billionfor a later reduction of capital or for other purposes.

Swatch Group repurchases the shares for a reduction of capital or to hold them as treasury shares for at least six years starting from the repurchase date. At the end of a period of six years, Swatch Grouphas the option, apart from a reduction of capital, to use the shares for acquisitions, equity-linked transactions, for other purposes or to resell the shares. The repurchase of shares will start on 5 February 2016and will last until 4 February 2019at the latest.

The volume of repurchased shares of a maximum of CHF 1 billionwill be half on bearer and half on registered shares. The repurchase of bearer respectively registered shares will take place on SIX Swiss Exchange Ltd on a second trading line each, established solely for this purpose.

The Swiss federal withholding tax will be applied to shares repurchased via second trading line at a rate of 35% computed on the difference between the repurchase price and its nominal value.

Contacts

Media

Bastien Buss, Corporate Communications
Phone: +41 32 343 66 80
The Swatch Group Ltd, Biel / Bienne (Switzerland)
E-mail: please use our «Contact Form»

Investors

Felix Knecht, Investor Relations Officer
Phone: +41 32 343 68 11
The Swatch Group Ltd, Biel / Bienne (Switzerland)
E-mail: please use our «Contact Form»

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The Swatch Group AG issued this content on 03 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 February 2016 06:03:22 UTC

Original Document: http://www.swatchgroup.com/en/services/archive/2016/repurchasing_of_own_shares