Swatch share repurchasing program

As part of the successfully launched share repurchasing program, The Swatch Group Ltd has repurchased, since September 24, 2001, 3.758.673 registered shares with a nominal par value of CHF 0.45 and 757.550 bearer shares with a nominal par value of CHF 2.25 for close to CHF 200 million on the second trading line, representing 2.42% of the announced 4.48%of the share capital.

At the next General Meeting of The Swatch Group Ltd, a proposal will be put forward to destroy the shares repurchased through the second trading line.

The current situation offers The Swatch Group Ltd new opportunities for further strengthening and expanding its already strong market position in a broad range of fields.

In order to maintain the necessary freedom of action, the share repurchasing program has been put on hold for the moment. As part of a dynamic and flexible management of The Swatch Group Ltd balance sheet, it is planned to continue at a later stage.

Business during the period January to October 2001 - Expected annual result
By the end of the first ten months of the year, the Group has realized slight organic growth, despite a slight fall in turnover in the electronic systems segment and a negative impact of foreign exchange of between 2.5 and 3.0%.

According to current estimates, the important Christmas sales should be at least equal to if not slightly higher than the figures for last year.

Source: The Swatch Group Press Release
Biel, November 19, 2001

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