Timeline

Voting rights breakdown

Declared beneficial owners · 2

A single, collectively filed disclosure: the voting-rights rate applies to the whole group, not to each person.

• Credit Suisse Hedging Griffo Asset Management S/A4.06%
• Cox Gestão de Recursos Ltda4.06%

Notice details

Beneficial owner

Credit Suisse Hedging Griffo Asset Management S/A

Dufry AG (DAG), through its wholly-owned Swiss subsidiary Dufry Holdings & Investments AG (DHIAG), and Dufry South America Ltd. (DSA), a company incorporated in Hamilton, Bermuda, with shares listed on the Luxembourg Stock Exchange and with Brazilian Depositary Receipts (BDRs) listed on the São Paulo Stock Exchange BOVESPA (BM&FBOVESPA), merged and amalgamated on March 22, 2010. Pursuant to the merger agreement entered into between DAG, DHIAG and DSA on February 11, 2010 ("Merger Agreement"), DSA shareholders shall receive 1.00 DAG share in exchange for 4.10 DSA shares and DSA BDR holders shall receive 1.00 DAG BDR in exchange for 4.10 DSA BDRs. The issuance of 7 762 249 DAG shares to be allocated to DSA shareholders and DSA BDRs holders as merger consideration ("Merger Shares") was approved by the extraordinary shareholders' meeting of DAG on March 22, 2010. The Merger Shares were delivered to DSA shareholders on March 24, 2010. It is expected that DAG will be registered with the Comissão de Valores Mobiliários ("CVM") in Brazil on April 19, 2010. At this date Banco Itaú in São Paulo will issue BDRs of DAG on the BM&FBOVESPA ("DAG BDRs"). Pursuant to the Merger Agreement the holder of 4.1 DSA BDRs has an unconditional right to receive 1.00 DAG BDR upon registration of DAG as BDR issuer with the CVM. As a result of this unconditional right to receive DAG BDRs and given that DAG BDRs may be converted into DAG shares at any time the group reports its indirect shareholding in DAG through BDRs that exceeds the threshold of 3% of the voting rights in DAG. Dufry AG (DAG), through its wholly-owned Swiss subsidiary Dufry Holdings & Investments AG (DHIAG), and Dufry South America Ltd. (DSA), a company incorporated in Hamilton, Bermuda, with shares listed on the Luxembourg Stock Exchange and with Brazilian Depositary Receipts (BDRs) listed on the São Paulo Stock Exchange BOVESPA (BM&FBOVESPA), merged and amalgamated on March 22, 2010. Pursuant to the merger agreement entered into between DAG, DHIAG and DSA on February 11, 2010 ("Merger Agreement"), DSA shareholders shall receive 1.00 DAG share in exchange for 4.10 DSA shares and DSA BDR holders shall receive 1.00 DAG BDR in exchange for 4.10 DSA BDRs. The issuance of 7 762 249 DAG shares to be allocated to DSA shareholders and DSA BDRs holders as merger consideration ("Merger Shares") was approved by the extraordinary shareholders' meeting of DAG on March 22, 2010. The Merger Shares were delivered to DSA shareholders on March 24, 2010. It is expected that DAG will be registered with the Comissão de Valores Mobiliários ("CVM") in Brazil on April 19, 2010. At this date Banco Itaú in São Paulo will issue BDRs of DAG on the BM&FBOVESPA ("DAG BDRs"). Pursuant to the Merger Agreement the holder of 4.1 DSA BDRs has an unconditional right to receive 1.00 DAG BDR upon registration of DAG as BDR issuer with the CVM. As a result of this unconditional right to receive DAG BDRs and given that DAG BDRs may be converted into DAG shares at any time the group reports its indirect shareholding in DAG through BDRs that exceeds the threshold of 3% of the voting rights in DAG. The funds Strategy HG Fund LLC, HGGreen and HG Fund Strategy Long and Short, having their registered address at 277 Elgin Avenue, P.O. Box 852GT, Grand Cayman, Cayman Islands, and the funds CSHG MM2 FIA, CSHG Parati FIA, CSHG LCP FIM CP, Cox Fund LLC, Cox Master FIA, CSHG Miriam FIA, CSHG Cabra FIA, CSHG Biz Dividendos FIA, CSHG Tropical FIA, CSHG Verde Master FIM, CSHG Strategy II Master FIA, CSHG Verde EQY Master FIA, CSHG Strategy LS Mast FIM, CSHG Equity Hedge Master, CSGH MLF FIM Credito Privado, CSHGSellas Acoes FIA, CSHG Colibri FIA, Clube de Inv C3 Investimento, Wo Clube de Inv, Clube de Inv Tibe, Clube de Inv Minotaurus, Clube de Inv Digiusti, Clube de Inv Mamuth, Clube de Inv Wings, Blube de Inv Lucky, Clube de Inv Patmos, Clube de Inv Mega 5, Clube de Inv Sonic, Clube de Inv Adoxa, Clube de Inv Itamby III, Clube de Inv Money Works, Clube de Inv Bibbo, Clube de Inv Rubi, Clube de Inv Bahia Minas, Clube de Investimento MG5, Safari FI EM Acoes, Clube de Invest GR2S, Clube de Investimento Ramot, having their registered address at Av. Pres. Juscelino Kubitschek, 1830, Torre IV - 7 andar, Brazil are managed jointly by Credit Suisse Hedging Griffo Asset Management S/A, having their registered address at Av. Pres. Juscelino Kubitschek, 1830, Torre III 6 andar, Brazil, and Cox Gestão de Recursos Ltda., having their registered address at Rua Arandu, 1544, cj. 163, Brazil