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4 The Group Executive Board

4.1 Members of the Group Executive Board

For details of the members of the Group Executive Board, please see page 7 of the Market Report.

4.2 Other Activities and Functions

Details of other activities and any further functions of Group Executive Board members are provided at http://www.kuoni.com/mgmt.

No member of the Group Executive Board holds any official function or occupies any position of political office.

4.3 Management Contracts

Kuoni Travel Holding Ltd. and its Group subsidiaries have not concluded any management contracts with any third parties.