PUBLIC TENDER OFFER BY SEMPIONE RETAIL AG

Sempione Retail AG (“Sempione Retail”) published on 19 October 2016 the prospectus for its tender offer (the “Offer”) for all publicly held bearer shares of Charles Vögele Holding AG (“Charles Vögele”) at the offer price of CHF 6.38 per bearer share.

The Board of Directors of Charles Vögele has unanimously decided to support the tender offer by Sempione Retail and recommends that shareholders accept it. Further information can be found in the Board of Directors’ report and the Fairness Opinion of Ernst & Young under the following links:

Furthermore the Board of Directors’ report can be found in the offer prospectus of Sempione Retail. The prospectus as well as other offer documentation is available at www.sempioneretail.com.