The shareholders of Kuoni Group were presented with information about the financial year 2006 in the Annual General Meeting and they accepted all proposals made by the Board of Directors. It was agreed that a dividend of CHF 3.00 be paid per Registered Share A and CHF 15.00 per Registered Share B. Wolfgang Beeser, Heinz Karrer and John Lindquist were elected onto the Board of Directors.

The proposals made by the Board of Directors at the General Meeting were accepted: the payment of a dividend of CHF 3.00 per Registered Share A and CHF 15.00 per Registered Share B was accepted.

Wolfgang Beeser (until 2010), Heinz Karrer and John Lindquist (until 2008) were all elected onto the Board of Directors.

Henning Boysen, Chairman of the Board of Directors, made the following comments in his presidential speech: The three newmembers of the Board of Directors are an ideal addition. I am delighted because I
feel that this provides us with the perfect conditions to continue the successful development of the Kuoni Group.

Other members of the Board of Directors, Annette Schommel and Raymond D. Webster, were confirmed for a further three-year term.