Samsonite Group S.A. — Board/Management Information 2015

Sep 18, 2015

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Samsonite®

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 159469

(Incorporated in Luxembourg with limited liability)

(Stock code: 1910)

RE-DESIGNATION OF DIRECTOR

The board of directors (the "Board") of Samsonite International S.A. (the "Company") hereby announces that with effect from April 1, 2016 Mr. Tom Korbas ("Mr. Korbas"), an Executive Director of the Company and the Company's President, North America, will retire from his role as President, North America, and will be re-designated as a Non-Executive Director. Following his retirement, Mr. Korbas will continue to serve as a consultant to the Company's business in North America. Mr. Korbas is retiring in order to spend more time with his family and to pursue his other interests and endeavors.

Ms. Lynne Berard, who currently serves as Vice President and General Manager, Sales and Marketing for U.S. Wholesale, will succeed Mr. Korbas as President, North America upon his retirement.

Biographical information of Mr. Korbas

Mr. Korbas, aged 64, has served as an Executive Director of the Company since June 2014. Mr. Korbas is the Company's President, North America and is responsible for the overall management and development of the Group's business in the United States and Canada. He has served as President, North America since April 2014 before which he served as President, Americas since 2004. Mr. Korbas joined the Company in 1997. His previous positions with the Company include: Vice President/General Manager of the Company's US wholesale business (2000 to 2004), Vice President of Sales and Operations (1998 to 2000) and Senior Vice President of Soft-Side and Casual Bags (1997 to 1998). Prior to joining the Company, Mr. Korbas was vice president of operations (1986 to 1997), director of manufacturing operations and engineering manager for American Tourister. Mr. Korbas holds a BS in Industrial Engineering from Northeastern University, Boston, Massachusetts, USA (1973) and an MBA from Babson College, Wellesley, Massachusetts, USA (1976).

At a Board meeting held on March 18, 2014, the Board nominated Mr. Korbas to stand for election at the Annual General Meeting of the Company as an Executive Director of the Company for a period of 3 years in accordance with the Articles of Incorporation.

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Save as disclosed, Mr. Korbas does not have any relationship with any Directors, senior management or substantial or controlling shareholders of the Company.

As at the date of this announcement, Mr. Korbas had an interest in 2,540,292 ordinary shares in the Company, including 1,844,121 share options granted under the Company's Share Award Scheme, within the meaning of Part XV of the Securities and Futures Ordinance.

Mr. Korbas served as the President of Samsonite Company Stores, LLC (and as a director of Samsonite Company Stores, Inc. prior to its conversion in August 2009 to Samsonite Company Stores, LLC), a wholly owned subsidiary of the Company that filed for Chapter 11 bankruptcy in September 2009 and exited bankruptcy in November 2009.

Save for the information disclosed above, there is no information which is discloseable nor is/was Mr. Korbas involved in any of the matters required to be disclosed pursuant to any of the requirements under Rules 13.51(2)(h) to 13.51(2)(v) of the Listing Rules and there are no other matters concerning Mr. Korbas that need to be brought to the attention of the shareholders of the Company.

By Order of the Board
SAMSONITE INTERNATIONAL S.A.
John B. Livingston
Joint Company Secretary

U.S.A., September 18, 2015

As of the date of this announcement, the Executive Directors are Ramesh Dungarmal Tainwala, Kyle Francis Gendreau and Tom Korbas, the Non-Executive Director is Timothy Charles Parker, and the Independent Non-Executive Directors are Paul Kenneth Etchells, Keith Hamill, Miguel Kai Kwun Ko, Bruce Hardy McLain (Hardy) and Ying Yeh.

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