Avolta expands Africa footprint with new ten-year contract for Duty-Free
store at Murtala Muhammed International Airport's new terminal, Lagos, Nigeria

Avolta AG / Key word(s): Miscellaneous
Avolta expands Africa footprint with new ten-year contract for Duty-Free
store at Murtala Muhammed International Airport's new terminal, Lagos,
Nigeria

05.07.2024 / 19:12 CET/CEST

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Avolta AG (SIX: AVOL), leading travel experience player, celebrated today
the opening of its new Duty-free store at Murtala Muhammed International
Airport in Lagos, the largest airport in Nigeria and one of the busiest in
Africa. This expansion in Africa's powerhouse economy - and one of the most
extensive network of international and domestic airports in the continent -
represents a major landmark in enhancing Avolta's market presence,
showcasing a fine selection of products across key categories with a strong
local flavor.

Part of the airport's newly constructed Terminal 2, the 400 m2 walk-through
store is crafted to meet the tastes of international travelers as well as
the significant Nigerian diaspora, offering passengers a mix of global and
local brands across the categories of food, liquor and tobacco, as well as
offering the largest Duty-free beauty selection in the country. The store is
equipped with Self-Service Checkouts enhancing the shopping experience with
a focus on convenience.

Initially forged more than ten years ago, Avolta's partnership with FAAN
(Federal Airports Authority of Nigeria) has since introduced many global
brands to Nigeria. The new store is set to redefine the local travel and
shopping experience, complimenting the existing two stores operated by
Avolta in Terminal 1 of the same airport since 2015, as well as its store in
Nnamdi Azikiwe International Airport, Abuja. This new venture is a testament
to Avolta's commitment to expanding its footprint, while elevating the
travel experience in airports nationwide.

Mrs Olubunmi Kuku, Managing Director of FAAN commented: "We are thrilled to
announce Avolta as our strategic partner. This premium location is set to
significantly elevate the passenger experience, offering unmatched service
and convenience."

Olivier Meyer, Director of local partner Marport Services Ltd, said: "We are
proud to have partnered with the largest travel retailer globally, Avolta
and FAAN to develop world-class outlets in Nigeria. Achieving this
significant milestone amid challenging economic conditions underscores the
company's dedication to improving the travel experience for millions of
passengers. We look forward to further supporting their expansion in the
country."

Abdeslam Agzoul, CEO Middle East & Africa at Avolta said: "The new Terminal
2 store at Murtala Muhammed International Airport is a milestone for Avolta
in Africa. We are proud to play our part in the expansion of the airport,
offering a rich product selection that sets new standards in airport
shopping in the region, including a broad local assortment that offers
passengers a taste of Nigeria. This is a significant leap forward in our
mission to make travelers happier and enhance the consumer experience in
Nigeria. We thank our long-standing partners at FAAN for the trust placed in
us and look forward to our continued collaboration."

The new Terminal 2 building is part of the ongoing development of five new
terminals across Nigeria, part of a strategic plan to enhance the
infrastructural development of Nigeria's airports and to position the
country as a top-tier destination and transit hub in Africa.

For further information:

CONTACT

REBECCA McCLELLAN CATHY JONGENS

   Global Head Investor Relations         Director Corporate
                                          Communications
   Phone : +44 7543 800405                Phone : +41 79 288093
   (1)rebecca.mcclellan@avolta.net  1.    (1)cathy.jongens@avolta.net  1.
   mailto:rebecca.mcclellan@avolta.net    mailto:cathy.jongens@avolta.net

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End of Media Release

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   Language:       English
   Company:        Avolta AG
                   Brunngässlein 12
                   4010 Basel
                   Switzerland
   Phone:          +41612664444
   E-mail:         Headoffice@dufry.com
   Internet:       https://www.avoltaworld.com/
   ISIN:           CH0023405456
   Listed:         SIX Swiss Exchange
   EQS News ID:    1940829

End of News EQS News Service
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1940829 05.07.2024 CET/CEST