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Update on Cash Distribution to Shareholders

2024-06-20 00:00:00

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 disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.SAMSONITE INTERNATIONAL S.A.新秀丽国际有限公司 13–15 Avenue de la Liberté L-1931 Luxembourg R.C.S. LUXEMBOURG: B 159.469 (Incorporated in Luxembourg with limited liability) (Stock code: 1910) UPDATE ON CASH DISTRIBUTION TO SHAREHOLDERS Samsonite International S.A. (the “Company”) refers to its announcement dated March 13 2024 in respect of the final results of the Company for the year ended December 31 2023 (the “Announcement”) and the circular issued by the Company on April 19 2024. As disclosed in the Announcement the board of directors of the Company (the “Board”) recommended that a cash distribution (the “Distribution”) in the amount of US$150 million or approximately US$0.1034 per share (before tax) based on the number of shares outstanding as of the date of the Announcement be made to the Company’s shareholders (the “Shareholders”) from its ad hoc distributable reserve. The Distribution was approved by the Shareholders at the Company’s annual general meeting on June 6 2024. The Distribution will be paid net of applicable Luxembourg withholding tax. The current rate of Luxembourg withholding tax to be applied to the Distribution is 15%. Shareholders should seek independent professional advice in relation to the procedures and timing for obtaining a refund of or tax credit with respect to Luxembourg withholding tax if applicable.The Board announces that the Distribution in the amount of US$150 million or approximately US$0.1026 per share (before tax) or approximately US$0.0872 per share (after tax) based on the number of shares outstanding as of the record date of the Distribution on June 17 2024 will be paid on July 16 2024.The Distribution will be paid in US dollars except that payment to the Shareholders whose names appear on the register of members in Hong Kong will be paid in Hong Kong dollars at the exchange rate of US$1 to HK$7.7805 being the opening buying rate of Hong Kong dollars to US dollars as announced by the Hong Kong Association of Banks (www.hkab.org.hk) on the date of approval of the Distribution on June 6 2024. Accordingly the amount of Distribution payable in Hong Kong dollars on July 16 2024 will be approximately HK$0.7982 per share (before tax) or approximately HK$0.6785 per share (after tax).By Order of the Board SAMSONITE INTERNATIONAL S.A.Timothy Charles Parker Chairman Luxembourg June 19 2024 As of the date of this announcement the Executive Director is Kyle Francis Gendreau the Non- Executive Director is Timothy Charles Parker and the Independent Non-Executive Directors are Claire Marie Bennett Angela Iris Brav Paul Kenneth Etchells Jerome Squire Griffith Tom Korbas and Ying Yeh.