Yoox Net A Porter : Voluntary Public Tender Offer for all ordinary shares of YNAP – Completed transfer to RLG Italia Holding S.p.A. of newly issued ordinary YNAP shares acquired through the exercise of stock options by Federico Marchetti and other beneficiaries

PRESS RELEASE PURSUANT TO ARTICLE 41, PARAGRAPH 2, AND ARTICLE 36 OF CONSOB REGULATION 11971/1999

PRESS RELEASE

25 MAY 2018

COMPLETED TRANSFER TO RLG ITALIA HOLDING S.P.A. OF NEWLY ISSUED ORDINARY YNAP SHARES ACQUIRED THROUGH THE EXERCISE OF STOCK OPTIONS BY FEDERICO MARCHETTI AND OTHER STOCK OPTION BENEFICIARIES

With reference to the voluntary public tender offer launched pursuant to Articles 102 and 106, paragraph 4, of Legislative Decree n. 58/1998 (the "Offer") from RLG Italia Holding S.p.A. (the "Offeror" or "RLG"), a company indirectly owned by Compagnie Financière Rupert S.A. for all ordinary shares of YOOX NET-A-PORTER Group S.p.A. ("YNAP"), following the press releases issued by the Company on 21 and 23 May 2018 notice of the following is hereby given.

Capitalized terms have the same meaning herein that they were assigned in the offer document (the "Offer Document") approved by Consob with resolution n. 20335 of 14 March 2018 and published by the Offeror on 18 March 2018.

Today the transfer to the Offeror, at a price of Euro 38.00 per share (equal to the Offer Consideration), of n. 2,417,147 newly issues YNAP Ordinary shares acquired through the exercise, on 23 May, by the Chief Executive Officer, Federico Marchetti, of overall n. 2,417,147 stock options of which 805,716 Stock Options and 1,611,431 Change of Control Stock Options, was completed in accordance with the agreement entered into on 21 May 2018 with RLG.

In the same context the transfer to the Offeror, always at a price of Euro 38,00 per share (equal to the Offer Consideration) of additional n. 726,999 newly issued ordinary YNAP shares acquired through the exercise, on 23 May, by 13 further beneficiaries of stock option plans of n. 726,999 stock options, of which 360,332 Stock Options and 366,667 Change of Control Stock Options was also completed in accordance with the similar agreements entered into by RLG and the above beneficiaries (reference is made to the press releases issued on 21 May and 23 May 2018).

For more information on the Offer and on the ongoing sell-out procedure, reference is made to the Offer Document and to the press releases published on YNAP websitewww.ynap.com (under the Section / Investor Relations/Public Tender Offer on YNAP shares) and on Richemont's website atwww.richemont.com (under the section Investors / YOOX NET-A-PORTER GROUP tender offer).

YOOX NET-A-PORTER GROUP
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YOOX NET-A-PORTER GROUP

YOOX NET-A-PORTER GROUP is the world's leading online luxury fashion retailer. The Group is a Global company with Anglo-Italian roots, the result of a game-changing merger, which in October 2015, brought together YOOX GROUP and THE NET-A-PORTER GROUP; the two companies had revolutionized the luxury fashion industry since their birth in 2000.

YOOX NET-A-PORTER GROUP is a unique business with an unrivalled offering including multi-brand in-season online storesNET-A-PORTER andMR PORTER,and multi-brand off-season online storesYOOX andTHEOUTNET, as well as numerous ONLINE FLAGSHIP STORES, all "Powered by YNAP". Through a joint venture established in 2012, YOOX NET-A-PORTER GROUP has partnered with Kering to manage theONLINE FLAGSHIPSTORES of several of the French group's luxury brands.

In 2016, YOOX NET-A-PORTER GROUP joined forces with Symphony, an entity controlled by Mohamed Alabbar's family, to establish a ground-breaking joint venture to create the Middle East's undisputed leader for online luxury retail.

Uniquely positioned in the high growth online luxury sector, YOOX NET-A-PORTER GROUP has an unrivalled client base of more than 3 million high-spending customers, over 840 million visits worldwide and consolidated net revenues of €2.1 billion in 2017. The Group has offices and operations in the United States, Europe, Middle East, Japan, China and Hong Kong and delivers to more than 180 countries around the world. YOOX NET-A-PORTER GROUP is listed on the Milan Stock Exchange as YNAP.

For further information:www.ynap.com

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