Aeffe

Earnings Release • Jan 29, 2020

AEFFE FY 2019 Consolidated Revenues Presentation 29th January 2020

Net Sales Breakdown by Division(1)

2

Net Sales Breakdown by Brand

Net Sales Breakdown by Region

(1) ITALY sales incidence on total revenues ADJUSTED by foreign customers effect and royalties income is estimated equal to 36%

(2) Italy excluded

* At constant exchange rates

2Q 3Q 4Q

1Q

Net Sales Breakdown by Channel

* At constant exchange rates

1Q 2Q 3Q 4Q

Disclaimer

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This presentation includes forward-looking statements which are based on the Company's management's current views with respect to future events and financial and operational performance of the Company and its subsidiaries. These forward-looking statements are subject to risks and uncertainties. In light of these risks and uncertainties, the events described in such forward-looking statements may not occur and any targets or projections may differ materially from those expressed in or implied by these statements due to any number of different factors.

You are cautioned not to place undue reliance on the forward-looking statements contained herein, which are made only as of the dater of this presentation. Aeffe S.p.A. does not undertake any obligation to publicly release any updates or revisions to any forward-looking statements to reflect events or circumstances after the date of this presentation.

Any reference to past performance or trends or activities of Aeffe Group shall not be taken as a representation or indication that such performance, trends or activities will continue in the future.