Juan Carlos Torres Carretero
Chairman of the Board of Directors of Dufry Ltd.

Education MS in physics from Universidad Complutense de Madrid and MS in management from MIT’s Sloan School of Management.

Professional Background Many years of private equity and senior management operating experience. 1988 Joined Advent International, a private equity firm, in Boston as a partner. 1991 – 1995 Partner at Advent International in Madrid.

Since 1995 Managing Director and senior partner in charge of Advent International Corporation’s investment activities in Mexico.

Board Mandates as of year end 2006 Dufry Ltd., Dufry South America Ltd., Aeroplazas de Mexico SA de CV, Arabela Holding SA de CV, Hipotecaria Casa Mexicana SA de CV, Inmobiliaria Fumisa SA de CV (president), Impactos Frecuencia y Cobertura en Medicos SA de CV and Procorp SA de CV.

Ernest George Bachrach
Deputy Chairman of the Board of Directors of Dufry Ltd.

Education BS in chemical engineering from Lehigh University and MBA from Harvard Business School.

Professional Background More than 22 years of experience in international private equity investing. 1990 Joined Advent International offices in London as a partner. Since 1995 Managing Advent’s Latin American investment program as Chief Executive Latin America. Senior partner and member of the executive committee of Advent International Corporation.

Board Mandates as of year end 2006  Dufry Ltd., Dufry South America Ltd., Aeroplazas SA de CV, Arabela Holding SA de CV, the Bunge Group, Impactos, Frecuencia y Cobertura en Medios SA de CV, Aerocomidas SA de CV, Hildebrando Fumisa SA de CV and Hipotecaria Casa Mexicana.

Xavier Bouton
Member of the Board of Directors of Dufry Ltd.

Education Diploma in economics and finance from l’Institut d’Etudes Politiques de Bordeaux and doctorate in economics and business administration from the University of Bordeaux.

Professional Background 1978 – 1984 Director of C.N.I.L. (Commission Nationale de l’Informatique et des Libertés). 1985 – 1994 General Secretary of Reader’s Digest Foundation. 1990 – 2005 Board member of Laboratoires Chemineaux. Since 1999 Chairman of the Supervisory Board of FSDV (Fayenceries de Sarreguemines Digoin & Vitry le François) based in Paris, France.

Board Mandates as of year end 2006  Dufry Ltd., ADL Partners since 1997, Stroer France since 1999.

Jaime Carvajal Urquijo
Member of the Board of Directors of Dufry Ltd.

Education Master in law from the University of Madrid and master of Arts (Economics) from Cambridge University.

Professional Background Over 20 years of private equity and M&A experience. Prior to 1996 Chairman of Iberfomento, an independent Spanish M&A and private equity firm. Chief Executive Officer of Banco Hispano Industrial (1983 – 1988) and Chairman of Ford of Spain (1981 – 2003). 1996 – 2002 Chairman at Dresdner Kleinwort Capital Spain. Whilst at DrKC, Mr Carvajal Urquijo worked with Advent International, through a joint venture. 2002 Joined Advent International and acts as Partner and Chairman of its office in Spain since.

Board Mandates as of year end 2006  Dufry Ltd., Ericsson Espãna S.A., Asea Brown Boveri S.A. (Spain), Grupo Ferrovial, Lafarge-Asland, Aviva (Spain) and Solvay Iberica.

Mario Fontana
Member of the Board of Directors of Dufry Ltd.

Education Engineering studies at ETH Zurich and Georgia Institute of Technology, Master of Science Degree.

Professional Background 1970 – 1977 IBM Switzerland, sales representative and international account manager. 1977 – 1980 Brown Boveri Brazil, Chief of staff and CIO. 1981 – 1983 Storage Technology Switzerland, General Manager. 1984 – 1993 Hewlett-Packard Switzerland, General Manager. 1993 – 1995 Hewlett-Packard Germany, General Manager. 1995 – 1997 Hewlett-Packard Europe, General Manager. 1997 – 1999 Hewlett-Packard USA, General Manager. Since 1998 Independent Board member at various companies (served previously also on the Board of Directors of AC-Service [Germany], Amazys, Bon appétit Group, Büro Fürrer, Leica Geosystems and Sulzer).

Board Mandates as of year end 2006  Dufry Ltd., Hexagon (Sweden), Inficon, Itopia, SBB Swiss Railways, Swissquote and X-Rite (USA).

Luis Andrés Holzer Neumann
Member of the Board of Directors of Dufry Ltd.

Education Graduate of Boston University, holds an MBA from Columbia University.

Professional Background Since 1973 President of Grupo Industrial Omega, the holding company of Holzer and Company, Industria Nacional de Relojes Suizos, Inmobiliara Coapa Larca SA de CV, and Inmobiliara Castellanos SA de CV.

Board Mandates as of year end 2006  Dufry Ltd., Aeroplazas SA de CV, Inmobiliaria Fumisa SA de CV, Consorcio Industrial SA de CV, Opequimar, Consorcio Metropolitano Inmobiliario, the Mexican Council of Foreign Affairs, Grupo Domit and Lideres Mexicanos Magazine.

Joaquin Moya-Angeler Cabrera
Member of the Board of Directors of Dufry Ltd.

Education Master’s degree in mathematics from the University of Madrid, diploma in economics and forecasting from the London School of Economics and Political Science and MBA from MIT’s Sloan School of Management.

Professional Background Mr Moya-Angeler has focused his career on the technology and real estate industries, including having founded a number of companies. 1990 – 1994 Chairman of IBM Spain and Europe. 1994 – 1997 Chairman of Leche Pascual. 1997 – 2002 Chairman of Meta4 and TIASA (1996 – 1998). To date Chairman of Redsa since 1997, Hildebrando since 2003, as well as Presenzia and Pulsar Technologies since 2002, La Quinta Real Estate since 2003, Inmoan since 1989 and Avalon Private Equity since 1999.

Board Mandates as of year end 2006  Dufry Ltd., Indra Sistemas SA, Palamon Capital Partners, MCH, Grupo Leche Pascual and Bety Byte SL. Also Chairman of several non profit organizations: Corporación Tecnológica de Andalucia, Board of trustees of the University of Almeria and La Fundación Mediterránea.