Kuoni acquires UK-based luxury provider Carrier Ltd.

The Kuoni Group continues to pursue its growth strategy. Kuoni has
fully acquired Carrier Ltd., the Cheshire (UK)-based tour operator as
of 1 October 2008, together with its retail unit (travel agency)
Carrier International Ltd. The acquisition further strengthens the
Kuoni Group's position in the premium segment: Carrier is one of the
UK's leading operators in the luxury travel market.

Carrier Ltd. was founded in Cheshire in 1980. The company also
operates its own retail unit (travel agency), Carrier International
Ltd., which is also based in Cheshire. Carrier expects to report
total turnover of CHF 72 million for the 2007/08 business year, which
ended on 30 September 2008. The company's 84 employees will be
retained under the new ownership. The present management team will
also remain responsible for Carrier's continued positive development.
The parties agreed not to divulge the purchase price involved.
Carrier will be assigned to Kuoni UK within the Kuoni Group and will
be integrated into Strategic Business Division Style. The Carrier
brand will be retained.

Carrier Ltd. is a luxury tour operator specialist providing
customised and service-oriented travel arrangements all over the
world. Its main destinations are in the Caribbean, the Indian Ocean
and Europe; and the company is particularly strong in the classic
beach holiday, safari, ski and guided tours segments in the luxury
travel market. "Carrier is a great enrichment for the Kuoni Group and
for our activities in the UK market," says Reto Wilhelm, Head of
Strategic Business Division Style. "We expect to generate a lot of
synergies with CV and Kirker, our existing luxury brands; and we also
see sizeable potential to collaborate in our marketing to Kuoni's
high-end customers and Carrier's premium customer base."

With this latest acquisition, the Kuoni Group continues to
consistently pursue its growth strategy within the luxury segment.
"This is a key step for Kuoni, particularly given the fierce
competition in the UK market," says Max E. Katz, CFO and speaker of
the Group Executive Board. "And in taking it, we are underlining our
leading position within the premium segment."

For full documents please see attached links.

For further information:
_________________________________________

Laurence Bienz
Head Investor Relations
Kuoni Travel Holding Ltd.
T +41 44 277 4529
laurence.bienz@kuoni.com
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