Christian Dior SE

M&A Activity • Jun 7, 2017

Not for distribution in the United States, Canada, Australia, Japan or South Africa This press release does not constitute an offer to purchase any securities.

PRESS RELEASE DATED JUNE 7 th, 2017

SIMPLIFIED MIXED OFFER together with secondary CASH SIMPLIFIED OFFER and EXCHANGE SIMPLIFIED OFFER

within the overall limit of 66.11% in cash and 33.89% in Hermès International shares (2016 ex-dividend)

INITIATED BY

Semyrhamis

(a company of the Arnault Family Group)

PRESENTED BY

AND

AVAILABILITY OF THE OFFER DOCUMENT AND INFORMATION RELATING IN PARTICULAR TO THE LEGAL, FINANCIAL AND ACCOUNTING CHARACTERISTICS OF SEMYRHAMIS

PRESENTING AND GUARANTEEING BANKS

TERMS OF THE OFFER
Primary simplified mixed offer:	172 euros and 0.192 Hermès International ordinary share (2016 ex-dividend) for each Christian Dior share
Secondary simplified cash offer:	260 euros for each Christian Dior share
Secondary simplified exchange offer:	0.566 Hermès International ordinary share (2016 ex dividend) for each Christian Dior share
DURATION OF THE OFFER 15 trading days

This press release was prepared and distributed by Semyrhamis in accordance with the provisions of articles 231- 27 2° and 231-28 of the general regulations of the Autorité des marches financiers (the "AMF").

In accordance with the provisions of article L. 621-8 of the monetary and financial code and article 231-23 of its general regulations, the AMF has, in application of its declaration of conformity of the simplified public offer dated June 6th, 2017, affixed visa No. 17-255 dated June 6th, 2017 on the offer document prepared by Semyrhamis relating the simplified public offer for the Christian Dior shares (the "Offer").

Not for distribution in the United States, Canada, Australia, Japan or South Africa This press release does not constitute an offer to purchase any securities.

In accordance with article 231-28 of the general regulation of the AMF, information relating in particular to the legal, financial and accounting aspects of Semyrhamis was filed with the AMF on June 6th, 2017 and made available to the public as of today.

These information and the offer document are available on the websites of Semyrhamis (www.semyrhamisfinance.com) and of the AMF (www.amf-france.org) and may be obtained free of charge upon request to:

Semyrhamis 30 avenue Montaigne 75008 Paris Crédit Agricole Corporate and Investment Bank 12 Place des États-Unis 92120 Montrouge

Natixis 47 quai d'Austerlitz 75013 Paris

Rothschild & Cie Banque 23 bis avenue de Messine 75008 Paris Société Générale Corporate Finance 75886 Paris Cedex 18

Prior to the opening of the Offer acceptance period, the AMF and Euronext Paris will respectively publish a notice announcing the opening of the Offer and the timetable (avis d'ouverture et de calendrier) and a notice announcing the terms and timetable of the Offer.

Not for distribution in the United States, Canada, Australia, Japan or South Africa This press release does not constitute an offer to purchase any securities.

CONTACTS

Investors' contacts

	Free-toll number Toll number D.F. King	+33 800 916 566 +33 1.8122.4462
Media contacts
France :	Michel Calzaroni / Olivier Labesse / Thomas Roborel de Climens / Hugues Schmitt DGM Conseil	+ 33 1.4070.1189
Royaume-Uni :	Hugh Morrison / Charlotte McMullen Montfort Communications	+44 7921.881.800
Italie :	Michele Calcaterra / Matteo Steinbach SEC and Partners	+39 02 6249991

Disclaimer

This press release was prepared for informational purpose only. It is not an offer to the public and it is not for diffusion in any other country than France. The diffusion of this press release, the Offer and its acceptance may be subject to specific regulations or restrictions in certain countries. The Offer is not made for persons subject to such restrictions, neither directly nor indirectly, and may not be accepted in any way from a country where the Offer would be subject to such restrictions. Consequently, persons in possession of this press release shall inquire about potential applicable local restrictions and comply with them. Semyrhamis excludes all liability in the event of any breach of the applicable legal restrictions by any person.