<p> TRANSLATION FROM FRENCH Ref. 031337</p><p>COMPANIES REGISTRY OF THE CANTON VAUD</p><p>MAIN REGISTER Ref No. 2000/06628 Federal No. CH-550-1005293-2</p><p>Audemars Piguet Holding S.A. Limited liability company registered on 13 June 2000</p><p>Ref. Corporate Name 1 Audemars Piguet Holding S.A.</p><p>Registered Office 1 Le Chenit</p><p>Address 1 Le Brassus, route de France 16</p><p>Date of Articles 1 02.06.2000 2 23.08.2000</p><p>Purpose, Remarks 1 Purpose: To participate, manage and finance any kind of undertakings, in particular in the field of watchmaking; acquisition of trademarks. </p><p>Organ for Publication 1 Swiss Official Trade Gazette</p><p>Ref. Share-capital Nominal Paid-up Shares 1 CHF 827'190 CHF 827'190 82'719 registered shares of CHF 10.-, with restricted transferability CHF 53'307'800 CHF 53'307'800 5'330'780 registered shares of CHF 10.-, with restricted transferability</p><p>In-kind contribution, acquisition of assets, particular benefits</p><p>1 TRANSLATION FROM FRENCH Ref. 031337</p><p>1 In-kind contribution: Contribution as per covenant dated 2 June 2000: various assets (CHF 101'434'454) and various liabilities (CHF 1'457'664) of the company "Groupe Audemars Piguet S.A." (previously "Société ananyme de la Manufacture d'horlogerie Audemars Piguet & Cie"), in Le Chenit, i.e. net assets of CHF 99'979'790; in exchange of which, delivery of 82'719 shares</p><p>Ref. Administration, Auditors and Signatories Reg. Mod. Canc. Name & Last Name(s), Origin, Domicile Office Signature 1 Audemars Jasmine, from Le Chenit, in dir. President joint by 2 Carouge (GE) 1 Meylan Georges-Henri, from Le Chenit, in dir. CEO joint by 2 Le Chenit 1 Audemars Olivier, from Le Chenit, in dir. joint by 2 Aubonne 1 m 4 Bottinelli Pierangelo, from Barbengo, in dir. joint by 2 Genolier 1 Petruzello Angleo, from the USA, in Crans- dir. joint by 2 près-Céligny 1 PreicewaterhouseCoopers SA, in Pully auditors 3 Dubois Pierre, from Môtiers (NE), in Le manager joint by 2 Chenit 3 Faure Michel, from France, in Commugny manager joint by 2 4 Bottinelli Pierangelo, from Barbengo, in dir. Vice- joint by 2 Genolier president 5 Muirhead William Adam John, from the manager joint by 2 United Kingdom, in Le Lieu</p><p>Ref. DAYBOOK FOSC PUBLICATION Number Date Date Page 1 6628 13.06.2000 23.06.2000 4266 2 8607 24.08.2000 06.09.2000 6099 3 8862 31.08.2000 13.09.2000 6267 4 7591 18.07.2001 24.07.2001 5699 5 6975 22.07.2003 26.07.2003 12</p><p>Moudon, 29 September 2003</p><p>Certified true and correct copy</p><p>2 TRANSLATION FROM FRENCH Ref. 031337</p><p>29 SEP. 2003</p><p>The Deputy Registrar : [signed] [L.S.]</p><p>End of the extract</p><p>CERTIFIED TRUE AND CORRECT TRANSLATION</p><p>3</p>