gategroup Holding AG

EANS-Adhoc: gategroup Holding AG
gategroup Extends, Expands Business with SAS

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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Contracts

14.06.2011

ZURICH, June 14, 2011 -- Gate Gourmet, a member of gategroup, has extended the
existing contract with Scandinavian Airlines System (SAS) meant to expire in
2014 for two additional years to 2016 covering catering and provisioning
services at the airline's three main hubs in Copenhagen, Stockholm/Arlanda and
Oslo as well as other locations in Scandinavia.

Separately, the companies also reached a five-year extension of an existing
agreement covering catering services at over 15 locations worldwide. This out-
station agreement now also expires in 2016, and the scope of cities includes
potentially new locations where Gate Gourmet has a presence but did not yet
serve SAS. The companies also reached a similar extension of an existing
agreement covering the supply of products provided by sister company deSter.

Over their life, the extensions to the existing contracts and associated new
business will generate revenues worth approximately CHF 250 million.

"We are extremely proud to extend and expand the strong partnership with
Scandinavian Airlines System. Both companies share a passion for reliability,
innovation and quality," said Andrew Gibson, interim Chief Executive Officer of
gategroup. "We are pleased to retain SAS as one of Gate Gourmet's key customers
well into the future."

Gate Gourmet provides catering and provisioning service for SAS' Business and
Economy cabins on long-haul flights from the airline's Scandinavian hubs,
Copenhagen, Stockholm and Oslo; for the Business and Economy Flex cabins on
European flights; and for intra-Scandinavian flights as well as for charter
flights from six Scandinavian locations.

About gategroup:

gategroup is the leading independent global provider of products, services and
solutions related to a passenger's onboard experience. gategroup comprises 11
member companies, which are deSter, eGate Solutions, Elan, Gate Aviation, Gate
Gourmet, Gate Safe, Harmony, Performa, potmstudios, Pourshins and Supplair.

The Group's world-class capabilities are focused in catering and hospitality;
provisioning and logistics; and onboard solutions.

Shares of Zurich-based gategroup are traded on the SIX Swiss Exchange under the
symbol GATE. Please visit http://www.gategroup.com.

SOURCE gategroup

CONTACT: Media, John Bronson, Corporate Communications, +41-43-812-2048,
jbronson@gategroup.com, or Investors, Dagmara Wawrzonowska, Investor Relations,
+41-43-812-54-96, dwawrzonowska@gategroup.com


Further inquiry note:
Media, John Bronson, Corporate Communications, +41-43-812-2048,
jbronson@gategroup.com, or Investors, Dagmara Wawrzonowska, Investor Relations,
+41-43-812-54-96, dwawrzonowska@gategroup.com

end of announcement                               euro adhoc 
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issuer:      gategroup Holding AG
          Balz-Zimmermannstrasse 7
          CH-8302 Kloten
phone:       +41 43 812 54 96
FAX:         +41 43 812 91 19
mail:     invest@gategroup.com
WWW:      http://www.gategroupmember.com/
sector:      Consumer Goods
ISIN:        CH0100185955
indexes:     
stockmarkets: Hauptsegment: SIX Swiss Exchange 
language: English
 



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