Gategroup Holding AG: Extraordinary General Meeting elects new Board of Directors

gategroup Holding AG: Extraordinary General
Meeting elects new Board of Directors

ZURICH, July 29, 2016 - An Extraordinary General Meeting of Shareholders of gategroup holding AG ("gategroup") today voted in favour of all proposals submitted by the Board of Directors and elected new members to the Board of Directors of the company. The elections were held in connection with the public tender offer launched by HNA Aviation (Hong Kong) Air Catering Holding Co., Ltd., Hong Kong ("Offeror") for all publicly held registered shares of gategroup.

Subject to the offer being successful, shareholders representing 50.53% of all outstanding shares elected the following members to the Board of Directors of gategroup: Adam Tan, Di Xin, Frank Nang, Stewart Gordon Smith and Xavier Rossinyol (all new) and Frederick W. Reid who is already a member of the Board of Directors. Adam Tan has been elected as Chairman of the Board of Directors and together with Di Xin and Frederick W. Reid also as member of the Compensation Committee. The elections were held each for a term extending until the end of the next annual general meeting of shareholders.

With the positive shareholders vote on these agenda items, another condition for the successful closing of the offer has been met. The newly elected Board of Directors is to assume office on the day of the closing of the offer. Until then, the current Board of Directors will remain in in charge.

Contact
Dagmara Robinson

Corporate Communication and Investor Relations
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About gategroup

gategroup is the leading independent global provider of products, services and solutions relating to a passenger's onboard experience. It specializes in catering and hospitality; provisioning and logistics; and onboard products and services to companies that serve people on the move. In 2015, gategroup achieved a total revenue of CHF3.0 billion and an adjusted EBITDA of CHF169.4 million. The company currently employs more than 28,000 people worldwide. For further information: www.gategroup.com

Forward-Looking Statements
This publication contains forward-looking statements and other statements that are not historical facts. The words "believe", "anticipate", "plan", "expect", "project", "estimate", "predict", "intend", "target", "assume", "may", "will" "could" and similar expression are intended to identify such forward-looking statements. Such statements are made on the basis of assumptions and expectations that we believe to be reasonable as of the date of this publication but may prove to be erroneous and are subject to a variety of significant uncertainties that could cause actual results to differ materially from those expressed in forward-looking statements. Among these factors are changes in overall economic conditions, changes in demand for our products, changes in the demand for, or price of, oil, risk of terrorism, war, geopolitical or other exogenous shocks to the airline sector, risks of increased competition, manufacturing and product development risks, loss of key customers, changes in government regulations, foreign and domestic political and legislative risks, risks associated with foreign operations and foreign currency exchange rates and controls, strikes, embargoes, weather-related risks and other risks and uncertainties. We therefore caution investors and prospective investors against relying on any of these forward-looking statements. We assume no obligation to update forward-looking statements or to update the reasons for which actual results could differ materially from those anticipated in such forward-looking statements, except as required by law.

Note: In the event of any discrepancy or inconsistency between any translated versions of this publication, the English version shall prevail.

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