The Kuoni Group’s tour operating business showed booking levels as of April 13, 2008 that were 11% higher than their prior-year equivalents in Swiss-franc terms. The increase is the net result of 9% organic growth, 6% growth through acquisitions and a 4% net negative impact of currency movements.

The figures reflect the continuation of the positive trend presented in March at Kuoni’s Annual Results Media Conference. Year-to-date booking levels for the Group’s main business entities show the following trends:

• Switzerland + 7%
• Scandinavia + 36%
• France + 11%
• United Kingdom - 7% (+ 5% in GBP)
• India + 15%

The Board of Directors recommended to the Annual General Meeting that a dividend of CHF 3.40 per registered share A and CHF 17.00 per registered share B be paid for the 2007 business year. It also recommended the re-election of Heinz Karrer and John Lindquist to its ranks, each to serve for three years. Messrs. Karrer and Lindquist were newly elected to the Board of Directors at last year’s Annual General Meeting for an initial one-year period.