In accordance with the decision taken by the Board of Directors on
December 20, 2012 under the authorization given by the Combined
Shareholders' Meeting of October 26, 2012, Christian Dior (Paris:CDI)
today announced that it has entered into a forward purchase agreement
with an authorized financial intermediary. Under the terms of this
agreement, the financial intermediary has agreed to sell to the Company
and the Company has agreed to purchase a maximum of 600 000 shares, upon
the expiration of a period starting on April 29, 2013 and ending no
later than July 19, 2013.
The purchase price to be paid by the Company for the shares shall be
determined on the basis of the arithmetic mean of the daily
volume-weighted average prices of Christian Dior's shares during the
purchase period (excluding trading days during which a contractually
defined ceiling would be exceeded), to which a discount shall be
applied. The maximum purchase price set forth in the agreement is not
greater than the limit authorized by the Combined Shareholders' Meeting
of October 26, 2012.
All shares thus repurchased by the Company shall be allocated for
This announcement constitutes regulated information and is made
available on the Company's website (www.dior-finance.com).