Dufry renews its concessions contracts at Guarulhos Internationa

Media Release

Basel, November 16, 2012

Dufry renews its concessions contracts at Guarulhos International Airport and
is awarded additional retail space

Guarulhos International Airport and Dufry have renewed their agreement
concerning the duty free retail space at Guarulhos International Airport in
Sao Paulo. Based on the new agreement, Dufry will continue to operate duty
free retail at the airport until 2016. Additionally, Dufry has been awarded
additional retail space of 2'100 square meters, increasing the overall retail
space at the airport by 50%.

On November 16, 2012, Dufry signed an agreement with Guarulhos International
Airport in Sao Paulo to renew its duty free retail contracts at that airport
until 2016. Dufry currently operates 8 duty free shops at the airport with a
total area of 4,500 sqm of retail space. The agreement also foresees that
Dufry will enlarge its retail space by 2,100 sqm. The new operations are
expected to start in the second quarter next year. The expansion of the
commercial area will be located at the arrival and departure area of Terminal
2, adding almost 50% more retail space to Dufry's activities at this airport.
The expanded retail space will allow Dufry to further enhance its
comprehensive range of products, and offer its clients international best
selling brands and a unique shopping experience.

Guarulhos International Airport is located in Sao Paulo and is the largest
airport in Brazil. In 2011, the airport welcomed a total of 31 million
passengers, of which 11.4 million were international passengers, an increase
of 9.4% on compared to 2010. The airport, which has been privatized earlier
this year, is operated by a consortium led by INVEPAR. Guarulhos International
Airport is undergoing a substantial expansion program in order to satisfy the
expected increase in international traffic brought by expected passenger
growth and important events, such as the World Cup in 2014 and the Olympic
Games in 2016.

Julian Diaz, CEO of Dufry Group, commented: "We are very pleased about this
new agreement with Guarulhos International Airport. The renewal allows us to
further develop the business at Sao Paulo airport and with the new space we
will be able to generate additional revenues very quickly. The renewal of our
duty free contracts it is a great platform to build on the future cooperation
with Guarulhos International Airport and we are excited to develop the new
space together with the airport's team. The contract also secures and
reinforces our position in Brazil and illustrates the quality of our
operations, where we have developed a strong organization with deep knowledge
of the Brazilian consumer.

Taking a broader view, we are privileged to have the opportunity to play an
important role in the build-out of the Brazilian infrastructure. The country
enters an era of significant investments in infrastructure to support and
promote accelerated economic growth. In this context, we are confident that
our experience and knowledge of the travel retail market enables us to work
closely with Guarulhos Airport reaching its full potential, offering an even
better shopping experience to its passengers and we are confident that this
agreement is the beginning of a long-standing partnership."

Antonio Miguel Marques, CEO of Guarulhos Airport, also commented: "We
initiated a process that will allow Brazilians to have access to one of the
best duty free shopping services worldwide."

For further information please contact:

Sara Lizi                         Lubna Haj Issa
Investor Relations                Media Relations
Phone: +55 21 2157 9901           Phone +41 61 266 44 46
sara.lizi@br.dufry.com            lubna.haj-issa@dufry.ch
Rafael Duarte                     Mario Rolla
Investor Relations                Media Relations
Phone +41 61 266 45 77            Phone: +55 21 2157 9611
rafael.duarte@dufry.com           mario.rolla@br.dufry.com

Dufry Group - A leading global travel retailer

Dufry AG (SIX: DUFN; BM&FBOVESPA: DAGB11) is the leading global travel
retailer operating more than 1'200 duty-free and duty-paid shops in airports,
cruise lines, seaports, railway stations and downtown tourist areas.

Dufry employs more than 14,000 people. The Company, headquartered in Basel,
Switzerland, operates in 45 countries in Europe, Africa, Asia, Latin America,
and North America.

Social Responsibility

Dufry cares for children and supports the SOS Social Center in Igarassu,
Brazil. SOS Children's Villages is an independent, non-political and
non-demonstrational organisation established for orphaned and destitute
children all over the world.

Media Release

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