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Kering Capital/Financing Update 2016

Apr 28, 2016

1459_iss_2016-04-28_d8b7eaf1-25a3-4480-bf83-1483dde6e95e.pdf

Capital/Financing Update

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Kering: €500m bond issue

Kering has issued a €500m, 1.25% fixed-rate bond maturing in 10 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, Commerzbank, Deutsche Bank, ING, RBS, UniCredit.

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, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, JeanRichard, Pomellato, Qeelin, Ulysse Nardin, Puma, Volcom and Cobra. 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 more than €11.5 billion in 2015 and had more than 38,000 employees at year end. The Kering (previously PPR) share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

Contacts

Press

Eloi Perrin Floriane Geroudet	+33 (0)1 45 64 61 72 +33 (0)1 45 64 66 00	[email protected] [email protected]
Analysts/investors Claire Roblet	+ 33 (0)1 45 64 61 49	[email protected]
Andrea Beneventi	+ 33 (0)1 45 64 63 28	[email protected]