Important notice: please read the following conditions and restrictions with regard to this section of the website

This section of the website is dedicated to all the document related to the global mandatory public tender offer (the “Offer”), promoted, pursuant to Article 102 and Article 106, paragraph 1, of the Legislative Decree February, 24 1998, no. 58 (the “TUF”) by Dufry A.G. (the “Offeror”) on all the residual ordinary shares, with voting rights not owned, directly or indirectly, by the Offeror (the “Shares”), of World Duty Free S.p.A. (“WDF” or the “Issuer”).

The publication of the document related to the Offer on the Issuer’s website is made for information purposes only and does not constitute in any way a solicitation to the Issuer’s shareholders in order to tender the Offer.

The Issuer accepts no responsibility to any third party for the truthfulness and the accuracy of the document provided by the Offeror and published in this section of the website.

The Offer is made without distinction and on equal terms to all Issuer’s shareholders and it is made exclusively in Italy, since the Shares are listed on the Italian Stock Exchange only (Mercato Telematico Azionario) organized and managed by Borsa Italiana S.p.A.

The Offer has not been and will not be promoted nor disclosed by the Offeror in the United States of America or in any other territory under the jurisdiction of the United States of America (collectively, the “United States of America”), and it has not been and will not be made to any U.S. Person (as defined by the U.S. Securities Act of 1933, as amended), and it has not been and will not be promoted in any other country other than Italy, where such Offer is not permitted in absence of the specific authorization from the competent authorities or other requirements to be fulfilled by the Offeror (collectively, the “Other Countries”), nor using the postal service or any other means of communication or national or international trade (including, without limitation, by mail, fax, telex, e-mail, telephone and internet) of the United States of America or Other Countries, or through any of the domestic regulated markets of the United States of America or Other Countries, nor in any other way.

No copy of the document related to the Offer (the “Offer Document”), or portions thereof, or any copy of any subsequent document that the Offeror may issue in relation to the Offer, is being sent, nor shall it be sent or transmitted in any manner, or otherwise distributed, directly or indirectly, in the United States of America or in the Other Countries. No party (included but not limited to custodian, fiduciary or trustees) receiving or having, in any manner, the aforesaid documents may distribute, send or transmit them (by mail or any other means or instrument, national or international, of communication or commerce) to the United States of America or Other Countries.

Tendering in the Offer by persons having their residence in countries other than Italy may be subject to specific obligations or restrictions set forth by law or regulations. Therefore, it is the sole responsibility of the recipients of the Offer complying with such rules and before tendering in the Offer, they are responsible for determining whether such laws exist and are applicable by relying on their own consultants.

Tenders in the Offer resulting from solicitation activities engaged in violation of the limitations described herein will not be accepted by the Offeror.

The Offer Document, the documents and information contained in this section of the website do not constitute and shall not be construed as an offer of securities addressed to persons residing in the United States of America or in the Other Countries.

Anyone who wishes to examine the Offer Document and the other documents contained in this section of the website shall carefully read and be fully aware of the above. By pressing the “AGREE” button you represent and warrant that you have fully understood and agree to comply with all the limitations specified above; you declare that you are not a U.S. Person and you are not and do not reside in the United States of America or any of the Other Countries.