Announcement

The Board of Directors (the “Board”) of Folli Follie Commercial Manufacturing and Technical Societe Anonyme, under the distinctive title “FF Group” along with its subsidiaries (hereinafter the “Company”) today announces that by the no. 17 / 13-3-2020 Order of Mrs Chairman of the Anti-Money Laundering Authority Mrs Anna Zairi, it was ordered the freezing of 804,728 DUFRY shares owned by the Company. The Company intends to appeal against this order and notes that the Rehabilitation Process continues unhindered following the Public Announcement of 14/2/2020 and the Consent Solicitation by Swissbond and Eurobonds, an agreement for the financial restructuring of the Group so that, provided that the required approval levels are reached upon completion of each Bondholders Meeting, the Company has the necessary consent to proceed with the completion of the essential documents and to ratify the Rehabilitation Plan by the creditors prior to filing with the competent Athens Court in accordance with Art. 106d of the Bankruptcy Code.

This announcement is released by Folli Follie Commercial Manufacturing and Technical Société Anonyme in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and Section 4.8 of the Rule Book of the Athens Exchange. It contains information that qualifies as inside information for the purposes of Article 7 of MAR. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, the person responsible for arranging the release of this announcement on behalf of the Company is Mantalena Kasidiaropoulou, Head Investor Relations.