EANS-Adhoc: gategroup Takes Full Control of Indian Catering Venture

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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14.02.2012

ZURICH, Feb. 14, 2012 -- gategroup has exercised its call option with
India Hospitality Corp. (IHC) to acquire the remaining 26 percent of
the Indian airline catering company Skygourmet.

Exercising the option in 2012 will have no impact on the Group's
income statement since a liability had previously been recognized.
The Company is increasing its stake to provide maximum flexibility to
run the business in India as a fully owned and integrated business of
gategroup.

"We appreciate IHC's support during the past 15 months to help
familiarize us with the Indian business environment, and we are eager
to move forward in developing this important asset," said gategroup
CEO Andrew Gibson.

gategroup subsidiary Gate Gourmet entered a joint venture agreement
with IHC in November 2010. Skygourmet operates airline catering
activities in Chennai, Delhi, Hyderabad, Mumbai and Pune, while Gate
Gourmet operates an airline catering facility in Goa. Further
expansion of the network is under development.

Additionally, Skygourmet and Travel Food Services (TFS), a leading
Indian provider of travel food and beverages, are finalizing a
strategic partnership to manage newly developing retail-on-board
services for India-based airlines. "TFS brings the local experience
and expertise to augment what we bring from a global platform," said
Herman Anbeek, gategroup Chief Commercial Officer.

About gategroup: gategroup is the leading independent global provider
of onboard services to companies that serve people on the move.
gategroup comprises the following brands: deSter, eGate Solutions,
Gate Aviation, Gate Gourmet, Gate Safe, Harmony, Performa,
potmstudios, Pourshins and Supplair. Shares of Zurich-based gategroup
are traded on the SIX Swiss Exchange under the symbol GATE. Please
visit our website at http://www.gategroup.com.

SOURCE gategroup

Further inquiry note:
Media: Carol Reed, +41-43-812-9128, creed@gategroup.com or John Bronson,
+41-43-812-2048, jbronson@gategroup.com; Investor Relations: Dagmara Robinson,
+41-43-812-54-96, drobinson@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