Esprit : Postponement of Grant of Share Options

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Bermuda with limited liability)

Reference is made to the announcement of Esprit Holdings Limited (the "Company") dated 3 October 2017 in relation to the grant of 7,250,000 share options (the "Grant of Share Options") to certain individuals under the Company's share option scheme adopted on 10 December 2009 to subscribe for a total of 7,250,000 new shares of HK$0.10 each in the capital of the Company.

The Board of Directors (the "Board") of the Company announces that it has resolved to postpone the Grant of Share Options for the purpose of complying with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

By Order of the Board Florence Ng Wai Yin Company Secretary

Hong Kong, 4 October 2017

As at the date of this announcement, the Board comprises (i) Mr Jose Manuel Martínez Gutiérrez (Group Chief Executive Officer) and Mr Thomas Tang Wing Yung (Group Chief Financial Officer) as Executive Directors; (ii) Mr Jürgen Alfred Rudolf Friedrich as Non-executive Director; and (iii) Dr Raymond Or Ching Fai (Chairman), Mr Paul Cheng Ming Fun (Deputy Chairman), Dr José María Castellano Ríos, Mr Alexander Reid Hamilton, Mr Carmelo Lee Ka Sze and Mr Norbert Adolf Platt as Independent Non-executive Directors.