EXTENSION OF EXEMPTION FROM CONDITIONS FOR MAINTINING LISTING

Pfäffikon, 6 June 2017 - On 19 October 2016, Sempione Retail AG ("Sempione Retail" or "Offeror"), published the offer prospectus on the public tender offer for all publicly held bearer shares of Charles Vögele Holding AG ("Charles Vögele") ("Charles Vögele Shares") at the offer price of CHF 6.38 per bearer share.

On 7 April 2017, Charles Vögele applied for an exemption from certain obligations for maintaining its listing and for the delisting of the Charles Vögele Shares from SIX Swiss Exchange effective from a date to be determined after the final judgement of the Cantonal Court of Schwyz regarding the cancellation of the Charles Vögele Shares which, after completion of the takeover proceedings, remain publicly held, is available. With its decision of 18 April 2017, SIX Exchange Regulation granted Charles Vögele several temporary exemptions from the obligations for maintaining its listing.

On 31 Mai, Charles Vögele applied for a prolongation for the exemption from certain publicity obligations (2nd application). With its decision dated 2 June 2017, SIX Exchange Regulation granted Charles Vögele several temporarily limited exemptions from its obligations for maintaining its listing. The content and duration of the exemptions granted are contained in the following part of the decision by SIX Exchange Regulation which is reflected literally (unofficial English translation). The exemptions become effective as of the release of this ad hoc notice. Sections I through II of the SIX Exchange Regulation' dated 2 June 2017 read as follows:

"I. Charles Vögele Holding AG (issuer), Pfäffikon, Canton Schwyz has been,- subject to section VI [Note Charles Vögele: section VI of the decision, i.e. literally reproduction of sections I through II of the decision at a prominent place in an ad hoc notice] - from 7 June 2017 until 30 September 2017, 23.59 o'clock, i.e. for the time after the Best Price Rule has expired on 6 June 2017 - granted with the following exemptions for maintaining its listing:

1. 1. Publication and submission of the semi-annual report for the financial year 2017 (article 49et seqq. Listing Rules [LR] in connection with article 11. Directive on Financial Reporting [DFR]:;
   2. Publication of ad hoc notices (article 53 LR in conjunction with the Directive on Ad hoc Publicity [DAH]), except for the publication of an ad hoc notice to regarding the date of de-listing of the bearer shares of the issuer, once such date has been determined;
   3. Disclosure of management transactions (article 56 LR);
   4. Maintaining a corporate calendar (article 52 LR);
   5. Compliance with the following regular reporting obligations (article
      55 LR in conjunction with article 9 of the Directive on Regular Reporting Obligations [DRRO]): para. 1.05 (change of external auditors), para. 1.06 (change of balance sheet date), para. 1.08 (4) (changes of the weblink to the corporate calendar), para. 1.08 (5) (changes of the weblink to the annual and semi-annual reports, para. 2.01 (1) (submission of the semi-annual report for the financial year 2017), para. 3.05 (resolutions on opting out/opting up), para. 3.06 (changes in connection with restrictions on transferability) and para. 5.02 (changes to the conditional or authorized capital).
2. The exemption pursuant to section I are reviving before 30 September 2017, 23.59 o'clock under the following circumstances:
   1. Entry of one or several minority shareholders into the cancellation procedure regarding the bearer shares of the issuer according to article 137 of the Swiss Financial Infrastructure Act pending before the Cantonal Court Schwyz;
   2. Withdrawal of the action regarding the cancellation procedure of the bearer shares of the issuer from the claimant, Sempione Retail AG, Zürich, or the latter's legal successors;
   3. Dismissal of the action regarding the cancellation procedure of the bearer shares of the issuer from the Cantonal Court Schwyz;
   4. Further appeal of the Cantonal Court Schwyz's judgement regarding the cancellation procedure of the bearer shares of the issuer.

In case of reviving of the obligations set out in item I, the issuer is obliged to publish the semi-annual report for the financial year 2017 and to file it with SIX Exchange Regulation within 6 weeks following the date of the reviving of the respective obligation (article 49 LR in connection with article 10 et seqq. DFR and article 9 para 2.01(1) DRRO."

On 24 April 2017, SIX Swiss Exchange has approved the request of Charles Vögele to delist the Charles Vögele Shares. The last trading day for the Charles Vögele Shares and the date of the delisting will be determined after the final judgement in the cancellation proceedings according to article 137 of the Swiss Financial Infrastructure Act with regard to the remaining publicly held bearer shares of Charles Vögele is available. The cancellation proceedings have been initiated by Sempione Retail beginning of March 2017.

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Mediacontact Charles Vögele

Nicole Borel-Schöwel, Corporate Communications Officer

Gwattstrasse 15, 8808 Pfäffikon SZ

Tel.: +41 55 416 74 02

Email: nicole.borel@charles-voegele.com

Mediacontact Sempione Retail

Edwin van der Geest, Dynamics Group

Utoquai 43, 8024 Zürich

Tel.: +41 43 268 32 30, E-mail: vdg@dynamicsgroup.ch