Agreements signed to open new shops in Egypt, Honduras, France and the United States – Retail space expanded by more than 3%.

Dufry, a leading global travel retailer with over 1,000 outlets in 42 countries, signed agreements to operate new shops in Egypt, France, the United States and Honduras. Dufry will be adding more than 4,500 sqm, or more than 3%, to its global retail space. The agreements in the US further strengthen Dufry's leading position in the US market and allow the company to leverage its existing business in that important region, while the contracts signed in Egypt will enable Dufry to grow its Egyptian travel retailing operations. The Honduras contract allows Dufry to operate a duty-free shop in the new seaport of Roatan, adding a promising location to Dufry's network and reinforcing its leading position in the Caribbean market. Dufry expects these expansions to enhance sales and earnings in 2010 already.

Dufry signed an agreement to operate 20 shops in the West Terminal of Shanghai Hongqiao International Airport in China.

In the first nine months of 2009, Dufry’s turnover grew by 19.5% to CHF 1’760 million while EBITDA (before other operational result) grew to CHF 220.1 million from 202.2 million in the same period of 2008. EBITDA margin for the nine months 2009 was 12.5%. Net Debt was further reduced to CHF 643 million at 30 September, 2009.

Dufry has made another step to expand Hudson internationally and has signed an agreement to operate 41 shops in the 13 largest railways stations in Italy. Furthermore, Dufry has concluded a separate agreement to acquire the duty free assets of Latinoamericana Duty Free in Mexico, which will allow Dufry to almost double its turnover in the country.

In the first half of 2009, Dufry maintained its growth trend once more. For the period to June 30, 2009, the Group’s turnover increased by 21.4% to CHF 1,135.1 million from CHF 934.8 million in the first half of 2008. EBITDA (before other operational result) increased by 10% to CHF 133.7 million compared to CHF 121.6 million for the respective period of 2008.

Dufry’s turnover in the first three months of 2009 rose by 19.7% to CHF 538.3 million from CHF 449.9 million in the respective period of 2008. EBITDA (before other operational result) grew by 15.8% to CHF 58.1 million, compared to CHF 50.1 million in the previous year and resulting in an EBITDA margin of 10.8%.

Dufry will hold its Annual General Meeting on Tuesday, May 12, 2009 at 14.00 at the Hotel "Les Trois Rois", Blumenrain 8, 4001 Basel (Switzerland). The attached document includes the invitation along with the agenda of the Annual General Meeting.

Dufry has signed a partnership agreement with the Foundation “Swiss Friends of the SOS Children’s Villages. Dufry will support the construction of a new SOS Social Center in Igarassu/ Brazil. Construction works have started today and will be finished by end of June.

In 2008, Dufry’s turnover rose by 18% on constant FX rates. When translated to Swiss Franc, turnover grew by 10% to CHF 2,113.5 million in 2008 from CHF 1,930.3 million in 2007. EBITDA (before other operational result) increased by 23% on constant FX rates and 13% after translation to Swiss Franc to CHF 293.4 million in 2008 compared to CHF 259.3 million in 2007. EBITDA margin improved by 0.5 percentage points to 13.9% in 2008 from 13.4% in 2007.

Dufry will hold a presentation on the 2008 Full Year Results of Dufry Group on

Friday, 3 April, 2009

From 10.00 to 11.00 (CET)

at SIX Convention Point

Selnaustrasse 30, 8021 Zurich, Switzerland

Speakers will be Mr. Julián Díaz, Chief Executive Officer, and Mr. Xavier Rossinyol, Chief Financial Officer, of Dufry Group.

On December 31, 2008, Artio Global Management LLC (“Artio Global”), formerly named Julius Baer Investment Management LLC, 330 Madison Avenue, New York, NY 10017, U.S.A., has informed Dufry AG of falling below the threshold of 5% that resulted from the change in the company’s share capital. Artio Global currently holds a total of 923,972 registered shares, corresponding to 4.81% of the voting rights in Dufry AG.