Change of Adviser

Watches of Switzerland Group PLC announces the appointment of Merrill Lynch International ("BofA Securities") and UBS AG London Branch ("UBS") as its Joint Corporate Brokers, to work alongside Barclays Bank PLC ("Barclays"), with immediate effect.

Disclaimers

Merrill Lynch International, which is authorised by the Prudential Regulation Authority ("PRA") and regulated by the Financial Conduct Authority and the PRA in the United Kingdom, is acting as corporate broker to Watches of Switzerland Group PLC and for no one else in connection with the engagement and will not be responsible to anyone other than Watches of Switzerland Group PLC for providing the protections afforded to its clients or for providing advice in relation to the engagement or any other matters referred to in this announcement.

UBS AG London Branch is authorised and regulated by the Financial Market Supervisory Authority in Switzerland. It is authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority in the United Kingdom. UBS AG London Branch is acting as corporate broker to Watches of Switzerland Group PLC and no one else in connection with the contents of this announcement. In connection with such matters, UBS AG London Branch will not regard any other person as its client, nor will it be responsible to any other person for providing the protections afforded to its clients or for providing advice in relation to the contents of this announcement or any other matter referred to herein.