Kering — Capital/Financing Update 2012

Apr 13, 2012

PRESS RELEASE

Paris, April 13th, 2012

PPR: €500m bond issue

PPR has issued a €500m, 3.125% fixed-rate bond maturing in April 2019.

This issue, in line with the Group's active liquidity management, enables PPR to diversify its sources of financing and to enhance its funding flexibility through refinancing of existing debt and extension of their average maturity.

The great success of this issue with investors confirms the confidence of the market in the creditworthiness of the Group. PPR's long-term debt is rated BBB with stable outlook by Standard & Poor's.

The placement is managed by BNP Paribas, HSBC, Mediobanca, Mitsubishi UFJ Securities, RBS, Santander Global Banking and Markets, UniCredit.

About PPR

The PPR Group empowers a coherent ensemble of Luxury and Sport & Lifestyle premium brands, specializing in apparel and accessories, to reach their full growth potential. Distributed in more than 120 countries, PPR generated revenues of €12.2 billion in 2011 and had over 47,000 employees at year end. The PPR share is listed on Euronext Paris (FR 0000121485, PRTP.PA, PPFP).

Find out more on Gucci, Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Stella McCartney, Boucheron, Girard-Perregaux, JeanRichard, Sergio Rossi, Puma, Volcom, Cobra, Electric, Tretorn and Fnac at www.ppr.com.

Website:	www.ppr.com
	Edouard Crowley	+ 33 (0)1 45 64 63 28	ecrowley@ppr.com ecrowley@ppr.com 01 45 64 63 28
Analysts/Investors :	Alexandre de Brettes	+ 33 (0)1 45 64 61 49	adebrettes@ppr.com adebrettes@ppr.com 01 45 64 61 49
	Hélène Saint-Raymond Hélène Saint-Raymond	+ 33 (0)1 45 64 61 20	hsaint-raymond@ppr.com
Press :	Paul Michon	+ 33 (0)1 45 64 63 48	pmichon@ppr.com
Contacts