Samsonite Group S.A. — M&A Activity 2011

Jun 10, 2011

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 disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

ETERNITY INVESTMENT LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 764)

SUPPLEMENTAL AGREEMENT IN RELATION TO THE VERY SUBSTANTIAL ACQUISITION AND UNUSUAL PRICE AND VOLUME MOVEMENTS

THE SUPPLEMENTAL AGREEMENT

On 10 June 2011 (after trading hours of the Stock Exchange), the Vendor and the Purchaser entered into the Supplemental Agreement to amend the pre-completion undertaking given by the Vendor under the Sale and Purchase Agreement.

UNUSUAL PRICE AND VOLUME MOVEMENTS

This announcement is made at the request of the Stock Exchange.

The Board has noted the increases in the price and trading volume of the Shares today and wishes to state that, save and except for the Top-up Placing, the Open Offer, the Acquisition of Sale Share and the entering into of the Supplemental Agreement today, the Board is not aware of any reasons for such increases.

Reference is made to the announcements of the Company dated 2 June 2011 and 7 June 2011 (the "Announcements") in relation to the Acquisition of the Sale Share, the Top-up Placing and the Open Offer. Capitalized terms used in this announcement shall have the same meanings as those defined in the Announcements unless otherwise stated.

THE SUPPLEMENTAL AGREEMENT

On 10 June 2011 (after trading hours of the Stock Exchange), the Vendor and the Purchaser entered into a supplemental agreement to the Sale and Purchase Agreement (the "Supplemental Agreement") to amend the pre-completion undertaking given by the Vendor under the Sale and Purchase Agreement.

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Amended term

The Vendor and the Purchaser agreed to amend the pre-completion undertaking given by the Vendor to the Purchaser under item (xxiv) of schedule 4 to the Sale and Purchase Agreement, pursuant to which the Vendor undertakes to the Purchaser that it shall procure that no member of the Target Group shall, pending Completion, enter into new lease, tenancy or agreement for the same in respect of the Property or otherwise dispose of the Property (save and except that (i) the total consideration for the entirety of the Property is not less than HK$400,000,000 or in case of disposition of part of the Property, at a value of not less than HK$3,000 per square feet; and (ii) in any event, the consideration be settled in cash) or creating any Encumbrances on the Property or any part thereof or any interest therein without the prior written consent of the Purchaser.

Save as set out above, all other terms of the Sale and Purchase Agreement remains in full force and effect.

UNUSUAL PRICE AND VOLUME MOVEMENTS

This announcement is made at the request of the Stock Exchange.

The Board has noted the increases in the price and trading volume of the Shares today and wishes to state that, save and except for the Top-up Placing, the Open Offer, the Acquisition of Sale Share and the entering into of the Supplemental Agreement today, the Board is not aware of any reasons for such increases.

Save as disclosed above, the Board confirms that there are no negotiations or agreements relating to intended acquisitions or realizations which are discloseable under Rule 13.23 of the Listing Rules, neither is the Board aware of any matter discloseable under the general obligation imposed by Rule 13.09 of the Listing Rules, which is or may be of a price-sensitive nature.

Made by the order of the Board, the Directors individually and jointly accept responsibility for the accuracy of this announcement.

By Order of the Board
Eternity Investment Limited
Lei Hong Wai
Chairman

Hong Kong, 10 June 2011

As at the date of this announcement, the Board comprises of three executive Directors, namely, Mr. Lei Hong Wai, Mr. Cheung Kwok Wai, Elton and Mr. Chan Kin Wah, Billy; and three independent non-executive Directors, namely, Mr. Tang Chak Lam, Gilbert, Mr. Hung Hing Man and Mr. Wan Shing Chi.

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