Disclosure of shareholdings in accordance with the Swiss Federal Stock Exchange Act

Zollikerberg near Zurich, 18 April 2013 - Art & Fragrance SA (BX:ARTN), which is active in the creation, development, marketing and worldwide distribution of luxury goods, discloses, in accordance with Article 20 of the Swiss Federal Stock Exchange Act, that as a result of the sale of treasury shares, the company and its subsidiaries have fallen below the treasury shares threshold of 3%. The limit of 3% had been attained in 2010 and disclosed through announcement dated 27 October 2010, while the limit of 5% had been attained in 2013 and disclosed through release dated 21 March 2013.