gategroup renews major contracts with Virgin Atlantic

Virgin Atlantic, one of gategroup's top 10 customers globally, renews business with the Group in the UK, the US and Shanghai

ZURICH, March 13, 2017 - gategroup Holding AG is very pleased to announce that it has renewed key agreements with Virgin Atlantic, one of the world's leading airlines.

Extending its current contract which was set to expire in June 2017, gategroup will manage Virgin Atlantic's onboard provisioning services, menu and service design concept and total food sourcing and distribution. The agreement covers extensions of business in the UK, the US and Shanghai for periods of up to five years.

Mark Anderson, EVP Customer, Virgin Atlantic comments: "The food we serve on board plays an important part in our customer's journey. From our locally sourced dishes, to the ice-cream handed out during the movies, we believe in providing the best inflight experience for our customers. We are excited to extend our partnership with gategroup to continue delivering the innovative experience our customers love."

"We are delighted to continue partnering with Virgin Atlantic, a leading international airline known for its trend-setting originality, said Xavier Rossinyol, gategroup Chief Executive Officer. "I am proud of all the gategroup team members involved, especially in the UK and our Culinary Centre of Excellence. Their work demonstrates our dedicated focus on airline customers and delivering the very best for passengers."

Contact
communications@gategroup.com

About gategroup
gategroup is a leading global provider of products, services and solutions relating to a passenger's onboard experience. It specializes in catering and hospitality; provisioning and logistics; and onboard products and services to companies that serve people on the move. In 2015, gategroup achieved a total revenue of CHF3.0 billion and an adjusted EBITDA of CHF169.4 million. The company currently employs 39,000 people worldwide. For further information: www.gategroup.com

Forward-Looking Statements
This publication contains forward-looking statements and other statements that are not historical facts. The words "believe", "anticipate", "plan", "expect", "project", "estimate", "predict", "intend", "target", "assume", "may", "will" "could" and similar expression are intended to identify such forward-looking statements. Such statements are made on the basis of assumptions and expectations that we believe to be reasonable as of the date of this publication but may prove to be erroneous and are subject to a variety of significant uncertainties that could cause actual results to differ materially from those expressed in forward-looking statements. Among these factors are changes in overall economic conditions, changes in demand for our products, changes in the demand for, or price of, oil, risk of terrorism, war, geopolitical or other exogenous shocks to the airline sector, risks of increased competition, manufacturing and product development risks, loss of key customers, changes in government regulations, foreign and domestic political and legislative risks, risks associated with foreign operations and foreign currency exchange rates and controls, strikes, embargoes, weather-related risks and other risks and uncertainties. We therefore caution investors and prospective investors against relying on any of these forward-looking statements. We assume no obligation to update forward-looking statements or to update the reasons for which actual results could differ materially from those anticipated in such forward-looking statements, except as required by law.

Note: In the event of any discrepancy or inconsistency between any translated versions of this publication, the English version shall prevail.


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