Dufry prices EUR 750 million Senior Notes

Dufry Group, a leading global travel retailer, priced EUR 750 million Senior Notes due 2027. The annual interest rate will be 2.0 (two) percent and interest will be payable semi-annually in arrears. Proceeds from the offering are intended to be used to refinance the existing EUR 700 million principal amount of outstanding Senior Notes due 2023 and reduce existing bank debt.

It is expected that the Notes will be admitted to the Official List of The International Stock Exchange.

The Notes will be offered and sold only to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the "Securities Act").

Important Notices

This media release is for information purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The securities discussed in this media release will not be and have not been registered under the Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. Dufry has no intention to register any portion of the offering of these securities under the Securities Act.

Information in this press release may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based on information available to Dufry AG as of the date of this press release, and we assume no duty to update any such forward-looking statements. Factors that could affect Dufry AG's forward-looking statements include, among other things: the successful consummation of the notes offering, global GDP trends, competition in the markets in which Dufry AG operates, unfavorable changes in airline passenger traffic, unfavorable changes in taxation and restrictions on the duty-free sale in countries where Dufry AG operates.

For further information please contact:

Renzo Radice

Dagmara Robinson

Corporate Communications & Investor Relations

Global Investor Relations

Phone: +41 61 266 44 19

Phone: +41 61 266 44 22

renzo.radice@dufry.com

dagmara.robinson@dufry.com

Sara Lizi

Karen Sharpes

Investor Relations Americas &

Communications Div. 4

Global Media &

Events

Phone: +55 21 2157 9901

Phone: +44 0 208 624 4326

sara.lizi@br.dufry.com

karen.sharpes@dufry.com


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