Kuoni acquires Swiss-based educational travel specialist Cotravel

The Kuoni Group is to acquire a 100% shareholding in Cotravel AG
effective 1 January 2009. Cotravel is one of Switzerland's leading
providers of quality educational travel arrangements, primarily in
the form of readers' trips offered in collaboration with top Swiss
newspapers and magazines. The acquisition will further strengthen the
Kuoni Group's position in the premium travel sector.

Cotravel, which was founded in 1986 and is domiciled in Allschwil,
near Basel, has been focusing on educational travel arrangements
accompanied by specialist guides since 2003, and generated turnover
of CHF 5.1 million last year. The company currently employs eight
personnel, who will all be retained. The present management team will
also remain responsible for Cotravel's further development.

The company will remain based at its present domicile near Basel. The
Cotravel brand will also be retained. The parties agreed not divulge
the purchase price involved. Within the Kuoni Group, Cotravel will be
integrated into Strategic Business Unit Switzerland, where it will be
assigned to the unit's Tour Operating activities.

Cotravel specialises in devising exclusive carefully-tailored
readers' trips in collaboration with various Swiss publishing houses.
The trips, which are accompanied by well-known Swiss experts and
personalities, are offered all over the world and cover a wide range
of themes in the arts-and-culture, science and travel-experience
fields.

The acquisition is a further consistent step in the Kuoni Group's
growth strategy within the premium segment. "In acquiring Cotravel,
we are underlining both the importance to us of the kind of exclusive
and sustainable travel products that we already offer in Switzerland
through our ananea and cultimo product lines and the further growth
potential that we see in these areas," says Max E. Katz, CFO and
Spokesman for the Kuoni Group Executive Board.

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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