X0201 3 2003-07-31 0 0000914478 SAMSONITE CORP/FL SAMC 0001045520 CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ COMMERCE CT WEST 199 BAY STREET TORONTO ONTARIO A6 M5L 1A2 ONTARIO, CANADA 0 0 1 0 Common Stock 63888430 I Held by Subsidiary 2003 Convertible Preferred Stock 0.42 1988-08-08 1988-08-08 Common Stock 59450000 I Held by Subsidiary These shares are owned directly by Canadian Imperial Holdings Inc. ("CIHI"), an indirect wholly owned subsidiary of Canadian Imperial Bank of Commerce. Accordingly, securities owned by CIHI may be regarded as being owned beneficially by the Canadian Imperial Bank of Commerce. Shares of 2003 Convertible Preferred Stock are convertible into shares of common stock from the date of issuance, July 31, 2003, and any time thereafter. CIHI is the beneficial owner of 24,969 shares of 2003 Convertible Preferred Stock. The number of shares of Common Stock issuable upon conversion of the 2003 Convertible Preferred Stock will be equal to the quotient obtained by dividing (i) the sum of the Liquidation Value plus all accrued but unpaid dividends thereon by (y) the Conversion Price then in effect. "Liquidation Value" and "Conversion Price" have the meanings set forth in the Certificate of Designation of the Powers, Preferences and Relative, Participating, Optional and Other Special Rights of 2003 Convertible Preferred Stock and Qualifications, Limitations and Restrictions Thereof (the "Certificate of Designation"). On July 31, 2003, the issue date, the Liquidation Value of each share of 2003 Convertible Preferred Stock was $1,000 and the Conversion Price was $0.42 and the amount of Common Stock underlying the securities reported in Table II above was 59,450,000 shares. The Conversion Price and the number of shares issuable upon conversion of the Preferred Stock will be subject to adjustment upon the occurrence of certain events as set forth in the Certificate of Designation. /s/ Ken Kilgour, Executive Vice President of CIBC 2003-08-19