Retailer Dufry proposes reduction in board size

Messrs. Mario Fontana, Maurizio Mauro and Steve Tadler, who have completed their term of office, are not available for re-election and Mr. Ernest George Bachrach will resign for personal reasons.

Messrs. Jorge Born, Andrés Holzer Neumann, José Lucas Ferreira de Melo and Joaquin Moya-Angeler Cabrera, whose term will be completed with the upcoming Annual General Meeting, will be proposed for re-election.

The Board will further propose that the maximum number of members of the Board of Directors pursuant to Article 13 para. 1 of the Articles of Incorporation be reduced to nine members.

Mr. Juan Carlos Torres Carretero, Chairman of the Board, said: "My departing colleagues have served Dufry with distinction. I offer them my sincere thanks for the contribution they have made to the company's development.

Dufry