Group Structure and Shareholders

Group Structure

Kuoni Travel Holding Ltd. is a joint-stock holding company under Swiss law which has direct or indirect shareholdings in all the companies worldwide which belong to the Kuoni Group. The Kuoni Group maintains lean and efficient management structures at all levels. While the Board of Directors devotes itself to overall management, strategic and supervisory duties, the Group Executive Board is entrusted with operational management tasks. For a diagram of the operational structure of the Kuoni Group, see page 46 of the Market Report.
The registered shares B of Kuoni Travel Holding Ltd., Zurich, which have a nominal value of CHF 1.–, are traded on the Main Standard of the SIX Swiss Exchange (securities number 350 485, ISIN CH 0003504856). The registered shares A of Kuoni Travel Ltd., Zurich, which have a nominal value of CHF 0.20, are not listed. The company’s legal domicile is at Neue Hard 7, Zurich. Kuoni Travel Holding Ltd. does not hold any equity interests in any stock-exchange-listed companies.
For details of the unlisted companies that belong to the Kuoni Group of consolidated companies, see pages 230 to 233 of the Financial Report. A detailed description of the global activities of the Kuoni Group is available in the Market Report or on the company website.

Principal Shareholders

The information on principal shareholders of Kuoni Travel Holding Ltd. is provided in the table on page 208 of the Financial Report. This shows those shareholders holding over 3% of the company’s shares, together with their current holdings (based on information provided by the same). The company received one notification of significant shareholders as required under Article 20 of the Swiss Federal Act on Stock Exchanges and Securities Trading in the course of 2011. This notification was published on the SIX Swiss Exchange’s notifications platform and on the company website. Kuoni Travel Holding Ltd. is not aware of any other shareholders holding more than 3% of the company’s shares as of 31 December 2011.

Kuoni Travel Holding Ltd. is not aware of any shareholders’ agreements.