Press release

ASMALLWORLD AG (SWX:ASWN) Board proposes Michael Manz as new Chairman

Zurich, 25.03.2020 - ASMALLWORLD AG (SWX: ASWN) announced today that the Board of Directors will propose Michael Manz as new Chairman. Shareholders will vote on Board nominations at the AGM on 17^th April 2020. Current Chairman Patrick Liotard-Vogt has decided not to stand for re-election.

ASMALLWORLD AG Chairman Patrick Liotard-Vogt has decided not to stand for re-election to the Board of Directors at the next Annual General Meeting (AGM). The Board of Directors unanimously nominated Michael Manz to succeed Patrick Liotard-Vogt. All other members of the Board will stand for re-election. Shareholders will vote on the proposed changes at the AGM on 17^th April 2020.

Mr. Liotard-Vogt has been Chairman of ASMALLWORLD since 2009. During his tenure the company expanded its business from a single-core business to a full travel & lifestyle ecosystem offering services from 7 different client-facing brands and was listed on the SIX Swiss Exchange in 2018. Last year the company grew its revenues by 55% and achieved profitability ahead of schedule.

"It has been an honour to serve as Chairman of ASMALLWORLD for over 10 years. I am proud of the company's successful growth and would like to seize this opportunity to thank the entire team working with CEO Jan Luescher for their tireless efforts in making ASMALLWORLD what it is today: a growing, profitable lifestyle & travel community with a strong value proposition for its members." says Patrick Liotard-Vogt, adding, "after careful consideration, I have come to the conclusion that it is time for me to dedicate more of my attention to other ventures. However, I will remain a loyal and active shareholder."

Michael Manz has been on the Board of Directors of ASMALLWORLD AG since February 2018 and served on its Compensation and Audit Committees. Born in Switzerland in 1980, he is an entrepreneur and investor, with a family tradition in hospitality dating over 125 years. The Ritz Carlton Hotel de la Paix in Geneva and the St. Gotthard in Zurich are among the most prominent businesses of his family's hospitality portfolio.

"I am honoured to be nominated as Chairman of the Board by my colleagues and I'm looking forward to work with Jan Luescher and Alexander Koenig on the next chapter of growth for our company. I would also like to thank Patrick for the significant contributions he has made to the company's success over the past years. The company would not be where it is right now without him and I wish him best of luck with his other projects."

This press release and further information can be found at www.asmallworldag.com.

The ASMALLWORLD Group

ASMALLWORLD is the world's leading travel & lifestyle community, focusing on experiences: the modern-day definition of luxury.

Centred around the ASMALLWORLD social network, the company operates a digital travel & lifestyle ecosystem which enables and inspires members to travel better, experience more and make new connections.

Members of the ASMALLWORLD social network connect through its app and website, where they can meet other members, engage in online discussions, receive travel and lifestyle inspiration, and enjoy a wealth of travel privileges.

Members also meet in person at over 1'000 global ASMALLWORLD events every year, ranging from casual get-togethers in major cities around the world, access to exclusive launches, shows, galas, soirees, exhibitions, major global sporting events, and larger flagship weekend experiences hosted in iconic destinations such as Saint-Tropez and Gstaad.

Other businesses of the ASMALLWORLD travel & lifestyle ecosystem include:

ASMALLWORLD Private, a high-end travel agency offering personalised travel curation service

ASMALLWORLD Collection, an online hotel booking engine focused on the world's most admired hotels, offering the unique "ASMALLWORLD Preferred Rate" (expected to go live in Q1 2020)

ASW Hospitality, a hotel management company that operates and manages the iconic North Is-land resort in the Seychelles

First Class & More, a subscription-based smart luxury travel service that allows members to enjoy luxury travel at insider prices

The World's Finest Clubs, the world's leading nightlife concierge offers its members VIP access to the most exclusive nightlife venues around the world

For more information, please visit:

www.asmallworldag.com

www.asw.com

www.first-class-and-more.de

www.first-class-and-more.com

www.asmallworldprivate.com

www.asmallworldcollection.com

www.finestclubs.com

www.asmallworldhospitality.com

www.north-island.com

Contact:

ASMALLWORLD AG
Jan Luescher, CEO
Bellerivestrasse 241
CH-8008 Zurich
press@asw.com