Holding(s) in Company

NOTIFICATION OF MAJOR HOLDINGS

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Watches of Switzerland Group PLC

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name

Apollo Management VII, L.P., the investment manager of AIF VII Euro Holdings, L.P.

City and country of registered office (if applicable)

New York, United States

4. Full name of shareholder(s) (if different from 3.)v

Name

Jewel Holdco S.à r.l.

City and country of registered office (if applicable)

Luxembourg City, Luxembourg

5. Date on which the threshold was crossed or reachedvi:

17 September 2020

6. Date on which issuer notified (DD/MM/YYYY):

14 September and 15 September 2020 (via email) and 25 September 2020 via TR1 notification

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

28.3%

N/A

28.3%

239,455,554

Position of previous notification (if

applicable)

N/A

N/A

N/A

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GB00BJDQQ870

67,719,657

28.3%

SUBTOTAL 8. A

67,719,657

28.3%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expirationdatex

Exercise/Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expirationdatex

Exercise/Conversion Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Apollo Management VII, L.P., the investment manager of AIF VII Euro Holdings, L.P.

28.3%

AIF VII Euro Holdings, L.P.

28.3%

Jewel HoldCo 2 S.à r.l.

28.3%

Jewel HoldCo S.à r.l.

28.3%

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional informationxvi

Placing of ordinary shares by way of an accelerated bookbuild to institutional investors, which was announced on 14 September 2020 and which was settled on 17 September 2020.

Place of completion

36 North Row, London, W1K 6DH

Date of completion

25 September 2020

Paul Eardley

Company Secretary

Tel: + 44 (0) 20 7317 4600

Watches of Switzerland Group PLC