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For New York and Bal Harbour Boutiques Audemars Piguet, the world's oldest watch manufacturer still in the hands of its founding families, announces the appointment of Dennis Voorheis to the role of Vice President of Retail for the New York and Bal Harbour, Florida boutiques effective August 1. The newly created position is designed to create a harmonious shopping experience for AP customers within North America. His daily responsibilities will further align the customer needs at both the New York and Bal Harbour Boutiques. Dennis comes to Audemars Piguet with over ten years of sales experience, six of which were spent at Hermes of Paris including most recently Managing Director at Hermes' San Diego, CA location. Dennis enjoys a vast knowledge of the luxury industry that will aptly serve the AP clientele. He will be based in the NY Boutique and can be reached at Ph: 646-375-0830. Said Francois-Henry Bennahmias President and CEO of Audemars Piguet North America, "We are thrilled to welcome Dennis to the AP family. His extensive knowledge of the luxury sector will be a valuable asset to both the company and AP's customers both in New York and Bal Harbour."

AP sponsored for the 5th consecutive year the famous QEII Cup race at Shatin Racecourse in Hong Kong. In celebration of this anniversary, AP has created a limited edition chronograph.This Royal Oak chronograph is crafted in 18kt white gold, distinguished by its diamond-set bezel with 40 brilliant cut (IF) diamonds, at a total weight of 1 carat. In addition, the caseback is engraved with the AP QEII Cup logo.This limited edition of 30 pieces will be available exclusively in Hong Kong, and will retail for (HK$328,000) or $42,000.With each purchase of the AP QEII Cup Limited Edition chronograph, a Baccarat crystal horse will be given away together with an autographed watch box by the winning jockey.6/3/03