Fulfilment of the antitrust condition relating to the tender offer for YNAP

Compagnie Financière Richemont SA ("Richemont"), the Swiss luxury goods group, announces that with reference to the currently ongoing voluntary public tender offer launched by RLG Italia Holding S.p.A. (the "Offeror") pursuant to Article 102 and Article 106, paragraph 4, of the TUF for all the issued and to be issued ordinary shares of YOOX NET-A-PORTER GROUP S.p.A. (the "Issuer" or "YNAP") other than those that the Offeror and the persons acting in concert with the Offeror already own (the "Offer"), the European Commission notified Richemont on 19.03.2018 of its decision of 19.03.2018 in Case M.8806, pursuant to Article 6(1)(b) of Council Regulation (EC) No. 139/2004 (the "Merger Regulation") and Article 57 of the Agreement on the European Economic Area (the "EEA Agreement") not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement.

As a consequence, all antitrust clearances to which the Offer was subject, as described in Paragraph A.5 of the Offer Document, have now been obtained, and the condition of effectiveness of the Offer described in Paragraph A.1, point (i), Warnings Section, of the Offer Document has been fulfilled.

The Offer remains subject to the Minimum Acceptance Level Condition described in Paragraph A.1, point (ii), Warnings Section, of the Offer Document, and to the MAC Condition described in Paragraph A.1, point (iii), Warnings Section, of the Offer Document.

For any request or information relating to the Offer, +39.0642.171.820 and toll free number 800.123.792 have been set-up by Georgeson S.r.l., in its capacity as Global Information Agent, and will be active for the entire duration of the Offer on weekdays, from 9:00 a.m. to 6:00 p.m. CET.

The Offer Document was published on 18.03.2018 and made available to the public for consultation: (i) at the registered office of the Intermediary Appointed to Coordinate the Collection of Acceptances Banca IMI S.p.A. (Milan, Largo Mattioli 3); (ii) at the registered office of the Offeror (Milan, Via Benigno Crespi 26); (iii) on the Issuer's website (www.ynap.com); (iv) on Richemont's website (www.richemont.com/investor-relations/yoox-net-a-porter-group-tender-offer.html) and (v) on the Global Information Agent's website (www.georgeson.com/it).

The original announcement of the fulfilment of the Antitrust Condition, in Italian, can be downloaded from Richemont's website at www.richemont.com/investor-relations/yoox-net-a-porter-group-tender-offer.html. In the event of inconsistencies with this English translation, the original Italian version of the announcement will prevail and no responsibility is accepted for the accuracy of the translation.