Samsonite International S A : Grant of Share Options and Restricted Share Units Pursuant to the Share Award Scheme

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SAMSONITE INTERNATIONAL S.A.

新秀麗國際有限公司

13-15 Avenue de la Liberté, L-1931 Luxembourg

R.C.S. LUXEMBOURG: B 159.469

(Incorporated in Luxembourg with limited liability)

(Stock code: 1910)

GRANT OF SHARE OPTIONS AND RESTRICTED SHARE UNITS

PURSUANT TO THE SHARE AWARD SCHEME

On November 22, 2019, the Company granted Options and Restricted Share Units pursuant to the Share Award Scheme to certain employees of the Group. Details of the grants of Options and RSUs are set out in this announcement. This announcement is made pursuant to Rule 17.06A of the Listing Rules.

1. Introduction
   Samsonite International S.A. (the "Company") refers to (i) the announcement issued by the
   Company on April 15, 2019, (ii) the circular issued by the Company on April 16, 2019 (the
   "Circular") and (iii) the poll results announcement of the annual general meeting of the Company issued by the Company on June 6, 2019 where Shareholders approved, among other things, the grant of a mandate to the directors of the Company (the "Directors") to grant awards of restricted share units (the "RSUs") under the Share Award Scheme. Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings ascribed to them in the Circular.
   The board of directors of the Company (the "Board") announces that on November 22, 2019 (the "Grant Date"), pursuant to the Share Award Scheme, the Company granted share options (the "Options") and RSUs to certain employees (the "Grantees") of the Company's subsidiaries (together with the Company, the "Group"), subject to acceptance by the Grantees.
   The Options granted entitle the Grantees to subscribe for a total of 170,712 new Shares at an exercise price of HK$16.62 per Share.
   The RSUs granted comprise a total of 108,144 Shares underlying the time-based RSUs (the
   "TRSUs").
   Details of the grants of Options and RSUs made are set out below.
2. Details of the Grants of Options

Grant Date

November 22, 2019

Page 1

Number of Shares issuable under the

Options granted:

Exercise price of the Options granted:

Closing price of the Shares on the Grant Date:

Validity period of the Options granted:

Vesting dates of the Options granted:

1. Details of the Grant of TRSUs

Grant Date:

Number of Shares underlying the TRSUs granted:

Vesting dates of the TRSUs granted:

1. Other Information

170,712

HK$16.62

HK$16.62

10 years from the Grant Date and the Options will lapse on November 22, 2029

25% of the Options granted will vest on each of November 22, 2020, November 22, 2021, November 22, 2022 and November 22, 2023

November 22, 2019

108,144

One-third of the TRSUs granted will vest on each of November 22, 2020, November 22, 2021 and November 22, 2022

None of the Grantees is a director, chief executive or substantial shareholder of the Company or any of its significant subsidiaries or any of their respective associates (as defined in the Listing Rules).

By Order of the Board

SAMSONITE INTERNATIONAL S.A.

Timothy Charles Parker

Chairman

Hong Kong, November 22, 2019

As of the date of this announcement, the Executive Director is Kyle Francis Gendreau, the Non-Executive Directors are Timothy Charles Parker and Tom Korbas, and the Independent Non-Executive Directors are Paul Kenneth Etchells, Keith Hamill, Bruce Hardy McLain (Hardy), Ying Yeh and Jerome Squire Griffith.

Page 2