OREANDA-NEWS. Taking into account the 1,249,500 Kuoni A shares and the 39,852 Kuoni B shares, which have already been held by Kiwi or the persons acting in concert with Kiwi on 13 April 2016 and the tendered Kuoni B shares, the participation of Kiwi and the persons acting in concert with Kiwi amounts to a total of 3,980,536 Kuoni shares (comprising 1,249,500 Kuoni A shares and 2,731,036 Kuoni B shares), corresponding to 79.6% of the voting rights and 74.6% of the share capital of Kuoni as of 13 April 2016.

With the definitive interim result now available, Kiwi declared today the Offer to be successful, subject to the satisfaction of certain offer conditions as further described in the definitive notice of interim results.

The additional acceptance period for the subsequent acceptance of the Offer will start on 20 April 2016, and is expected to run until 3 May 2016, at 4 p.m. CEST. Subject to the satisfaction of all conditions, the settlement of the offer is expected to take place on 19 May 2016.

The Board of Directors of the Kuoni Group recommends to its shareholders to accept the Offer and to tender the Kuoni B shares during the additional acceptance period.