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The Swatch Group Ltd.: Closing of the existing share repurchase program of CHF 300 million by November 22, 2006

The shares were repurchased after deduction of the Swiss federal withholding tax. The intended use of the shares repurchased, will be determined at a later date. Herewith, and without time limitation, Swatch Group retains the full range of possibilities for the use of the repurchased shares (e.g. capital reduction, acquisitions, equity-linked transactions, employee participation or resale).