AGM elects two new Members of the Board of Directors

At today’s Annual General Meeting of Shareholders of Kuoni Travel Holding Ltd. in Zurich, shareholders elected the two proposed new Members of the Board – Jae Hyun (Jay) Lee and Adrianus (Adriaan) Nühn – for terms of three years each. Existing Board Members Henning Boysen and David J. Schnell were both re-elected for terms of three years. The AGM also approved all the other proposals on the agenda.

At today’s Annual General Meeting, shareholders elected 47 year-old Korean Jay Lee and 58 year-old Dutchman Adriaan Nühn to serve for three years on the Board of Directors of Kuoni Travel Holding Ltd. Shareholders also re-elected existing Board Members Henning Boysen and David J. Schnell to the Board of Directors for a three-year term. Owing to Kuoni Group’s new global focus and the expansion of its business activities in the growth markets of Asia, the Board was expanded from seven to eight members. Shareholders also approved all the other proposals on the agenda by large majorities.

A distribution of profit from the capital contribution reserve was approved for the 2011 financial year. The distribution will be CHF 0.60 per registered share A and CHF 3.00 per registered share B. This represents a rise of 20% on the previous year. It will be paid out with value date 24 April 2012.