June 12 th – 13 th, 2012 After Sales Service Market Visit 2012 BREITLING C a r i b b e a n Puerto Rico

PUERTO RICO After Sales Service Market Visit 2012 BREITLING C a r i b b e a n Tuesday June 12 th 2:05 p.m.M. Diaz, F. Girardet, I. Yerli arrive in Puerto Rico 3:30 p.m.Visit Bared Workshop – Oscar Valdes LUNCH Dinner – PDC TO MAKE BOOKING Wednesday June 13 th 9:00 a.m.Bared Watchmaker Audit 7:15 p.m.Flight departs to Miami

Breitling POS Puerto Rico 1 – Bared New Store, Plaza Las Americas, 2 - Bared & Sons, Old San Juan, 3 - LS Ritz Hotel 7 1

Puerto Rico Country Statics Location:Caribbean, island between the Caribbean Sea and the North Atlantic Ocean, east of the Dominican Republic Climate:Tropical marine, mild; little seasonal temperature variation Capital:San Juan Population:3,998,905 (July 2012 est.) Government Type:Commonwealth Head of Government: Governor Luis FORTUNO (since 2 January 2009) Industries:Pharmaceuticals, electronics, apparel, food products, tourism Economy Overview:Puerto Rico has one of the most dynamic economies in the Caribbean region. A diverse industrial sector has far surpassed agriculture as the primary locus of economic activity and income. Encouraged by duty-free access to the US and by tax incentives, US firms have invested heavily in Puerto Rico since the 1950s. US minimum wage laws apply. Sugar production has lost out to dairy production and other livestock products as the main source of income in the agricultural sector. Tourism has traditionally been an important source of income with estimated arrivals of more than 3.6 million tourists in GDP – composition by sector:Agriculture: 1% Industry: 45% Services: 54% (2005 est.)