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Kering Capital/Financing Update 2014

Sep 25, 2014

1459_iss_2014-09-25_83989584-1916-4d87-9d4d-1abd6ac05855.pdf

Capital/Financing Update

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Kering: €500m bond issue

Kering has issued a €500m, 1,375% fixed-rate bond maturing in 7 years.

This issue, in line with the Group's active liquidity management, enables Kering 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. Kering's long-term debt is rated BBB with stable outlook by Standard & Poor's.

The placement is managed by BNP Paribas, HSBC, Deutsche Bank, ING, Santander, Mizuho.

About Kering

A world leader in apparel and accessories, Kering develops an ensemble of powerful Luxury and Sport & Lifestyle brands: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, McQ, Balenciaga, Brioni, Christopher Kane, Stella McCartney, Sergio Rossi, Boucheron, Dodo, Girard-Perregaux, JeanRichard, Qeelin, Pomellato, Puma, Volcom, Cobra, Electric and Tretorn. By 'empowering imagination' in the fullest sense, Kering encourages its brands to reach their potential, in the most sustainable manner.

Present in more than 120 countries, the Group generated revenues of €9.7 billion in 2013 and had 35,000 employees at year end. The Kering (previously PPR) share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

Press Contacts

Hélène Saint-Raymond	+33 (0)1 45 64 61 20	[email protected]
Floriane Geroudet	+33 (0)1 45 64 66 00	[email protected]
Analysts/Investors
Claire Roblet	+ 33 (0)1 45 64 61 49	[email protected]
Edouard Crowley	+ 33 (0)1 45 64 63 28	[email protected]