Gategroup takes note of request for agenda items

gategroup takes note of request for agenda items

ZURICH, February 29, 2016 ̶ gategroup has received from RBR Capital Advisors and Camox Master Fund, two hedge funds based in the Cayman Islands and Luxembourg that together hold an 11.3% stake in gategroup, the request for agenda items for the Annual General Meeting of Shareholders 2016.

In its request, RBR has proposed the election of Gerard von Kesteren, Nils Engel and Rudolph Bohli as members of the Board of Directors of gategroup. In addition, the hedge fund has filed a motion against the re-election of the current Board members Andreas Schmid, Anthonie Stal and Remo Brunschwiler.

As already communicated by the Company, the Nomination Committee of the Board of Directors unanimously recommends the re-election at the 2016 AGM of current Board Members David Barger, Remo Brunschwiler, Frederick Reid, Julie Southern and Anthonie Stal, as well as Andreas Schmid as Chairman of the Board of Directors. It recommends that Gerard van Kesteren is not re-elected.

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Dagmara Robinson

Investor Relations & Corporate Communications

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About gategroup

gategroup is the leading independent global provider of products, services and solutions related to a passenger's onboard experience. For further information: www.gategroup.com

Forward-Looking Statements

This publication contains forward-looking statements and other statements that are not historical facts. The words "believe" "anticipate" "plan" "expect" "project" "estimate" "predict" "intend" "target" "assume" "may" "will" "could" and similar expression are intended to identify such forward-looking statements. Such statements are made on the basis of assumptions and expectations that we believe to be reasonable as of the date of this publication but may prove to be erroneous and are subject to a variety of significant uncertainties that could cause actual results to differ materially from those expressed in forward-looking statements. Among these factors are changes in overall economic conditions, changes in demand for our products, changes in the demand for, or price of, oil, risk of terrorism, war, geopolitical or other exogenous shocks to the airline sector, risks of increased competition, manufacturing and product development risks, loss of key customers, changes in government regulations, foreign and domestic political and legislative risks, risks associated with foreign operations and foreign currency exchange rates and controls, strikes, embargoes, weather-related risks and other risks and uncertainties. We therefore caution investors and prospective investors against relying on any of these forward-looking statements. We assume no obligation to update forward-looking statements or to update the reasons, for which actual results could differ materially from those anticipated in such forward-looking statements, except as required by law.

Note: In the event of any discrepancy or inconsistency between any translated versions of this publication, the English version shall prevail.

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