Prada : 24/05/2016 Announcement of Poll Results of Shareholders’ General Meeting held on May 24, 2016, Election of Directors and Distribution of Final Dividend

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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.

Via A. Fogazzaro n. 28, Milan, Italy

Registry of Companies of Milan, Italy: No. 10115350158 (Incorporated under the laws of Italy as a joint-stock company) (Stock Code: 1913)

POLL RESULTS OF SHAREHOLDERS' GENERAL MEETING HELD ON MAY 24, 2016, ELECTION OF DIRECTORS AND DISTRIBUTION OF FINAL DIVIDEND

PRADA S.p.A. (the "Company") is pleased to announce the poll results in respect of the resolutions proposed at the shareholders' general meeting held on Tuesday, May 24, 2016 (the "AGM"). All resolutions were duly passed.

Each of Mr. Stefano Simontacchi and Mr. Maurizio Cereda was elected as a Non- executive Director of the Company at the AGM.

The final dividend of the Company for the year ended January 31, 2016 will be paid on Monday, June 13, 2016.

1. VOTING RESULTS AT THE SHAREHOLDERS' GENERAL MEETING HELD ON MAY 24, 2016

   At the AGM of the Company held on Tuesday, May 24, 2016 at 12:00 noon CET time or 6:00 p.m. Hong Kong time at the Company's registered office at Via A. Fogazzaro n. 28, Milan, Italy with the video-conference system located at the registered office of Prada Asia Pacific Limited at 36/F, Gloucester Tower, The Landmark, 11 Pedder Street, Central, Hong Kong, a poll was demanded by the Chairman for voting on each of the proposed resolutions as set out in the notice of the AGM dated April 21, 2016 and supplemental notice of AGM dated May 6, 2016.

   The Company is pleased to announce that as the required majority of votes was obtained, each of the following resolutions was duly passed as an ordinary resolution at the AGM and the voting details were as follows:

   Ordinary Resolutions	Number of Votes (Approximate percentage to two decimal places)
   	For	Against	Abstain
   1.	To approve the Audited Separate Financial Statements, which show a net income of Euro 248,420,818 and the Audited Consolidated Financial Statements of the Company for the year ended January 31, 2016 together with the Reports of the Board of Directors, the Board of Statutory Auditors and the Independent Auditors.	2,427,147,145 (100.00%)	0 (0.00%)	421 (0.00%)
   2.	To approve the distribution of	2,427,147,245	0	321
   	Euro 281,470,640 to the	(100.00%)	(0.00%)	(0.00%)
   	shareholders, in the form of a
   	final dividend of Euro/cents 11
   	per share to be paid on Monday,
   	June 13, 2016. The total
   	amount to be distributed
   	comprises: (i) Euro 248,420,818
   	which represent the net income
   	of the Company, for the year
   	ended January 31, 2016 and (ii)
   	Euro 33,049,822 which
   	represent an utilization of
   	retained earnings of the
   	Company.
   3.a)	To approve that Mr. Stefano	2,422,431,868	4,715,277	421
   	Simontacchi be elected as a	(99.81%)	(0.19%)	(0.00%)
   	Non-Executive Director of the
   	Company for a term expiring on
   	the date of the shareholders'
   	general meeting called to
   	approve the financial
   	statements for the year ending
   	January 31, 2018.

   3.b)	To approve that Mr. Maurizio Cereda be elected as a Non- Executive Director of the Company for a term expiring on the date of the shareholders' general meeting called to approve the financial statements for the year ending January 31, 2018.	2,426,174,275 (99.96%)	934,270 (0.04%)	39,021 (0.00%)
   4.	To appoint Deloitte & Touche	2,426,572,255	574,890	421
   	S.p.A. as the auditor ("revisore	(99.98%)	(0.02%)	(0.00%)
   	legale dei conti") of the
   	Company for a term of three
   	financial years (financial year
   	ending January 31, 2017 to
   	financial year ending January
   	31, 2019), ending on the date of
   	the shareholders' general
   	meeting called to approve the
   	financial statements for the last
   	year of the auditor's
   	appointment and to approve its
   	remuneration of Euro 487,000,
   	for each financial year of its
   	three-year term, for the provision
   	to the Company of the audit of
   	the Separate Financial
   	Statements and the
   	Consolidated Financial
   	Statements, which is included in
   	the overall annual remuneration
   	of Euro 1,868,794 for Deloitte &
   	Touche S.p.A. and its network in
   	respect of provision of audit
   	services to the Prada Group as a
   	whole. The auditor's annual
   	remuneration shall be subject to
   	adjustment in accordance with
   	changes in relevant applicable
   	laws or in the requirements for
   	the audit services as well as the
   	annual adjustment linked to the
   	changes in CPI - consumer
   	price index.

   Notes:

2. The total number of shares entitling the holder to attend and vote on all the resolutions at the AGM is 2,558,824,000 shares.

3. The shareholders and authorised proxies or corporate representatives, holding an aggregate of 2,427,147,566 shares, representing 94.85% of the total shares of the Company were present at the commencement of the AGM.

4. There were no restrictions on the Company's shareholders to cast votes on any of the resolutions proposed at the AGM.

5. There was no share of the Company entitling the holder to attend and abstain from voting in favour of the resolutions at the AGM as set out in Rule 13.40 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

(5) No parties indicated to the Company to state their intention in the Company's circular containing the notice of the AGM dated April 21, 2016 and supplemental notice of the AGM dated May 6, 2016 to vote against or abstain from voting on any of the resolutions at the AGM.

1. No shareholder of the Company was required to abstain from voting at the AGM under the Listing Rules.

2. Computershare Hong Kong Investor Services Limited, the Company's share registrar in Hong Kong, acted as the scrutineer for the vote taking at the AGM.

6. ELECTION OF DIRECTORS Mr. Stefano SIMONTACCHI

Mr. Stefano SIMONTACCHI was appointed as a Non-executive Director of the Company by the Board of Directors on April 8, 2016 to fill the casual vacancy caused by the resignation of Mr. Donatello GALLI as an Executive Director, and was elected as a Non- executive Director of the Company at the AGM for a term expiring at the same time as the other current Directors (i.e. on the date of the shareholders' general meeting to be called to approve the financial statements of the Company for the year ending January 31, 2018).