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.

Therewith, Kiwi and the persons acting in concert with Kiwi hold more than 50% of the capital and 67% of the votes of all issued Kuoni shares which are required to meet one of Kiwi's key offer conditions.

The definitive notice of the interim result is expected to be published on 19 April 2016, together with a statement as to the satisfaction of the relevant conditions of the Offer.

If the relevant conditions are satisfied, the additional acceptance period for the subsequent acceptance of the Offer will start on April 20, 2016, and is expected to run until May 3, 2016, at 4 p.m. CEST.

The Board of Directors of Kuoni recommends to its shareholders to accept the Offer.