SVG Capital plc

Head Office

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1 Bread Street

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Tel +44(0)20 7463 6000

Fax +44 (0)20 7463 6001

www.svgcapital.com

Press Release

For immediate release 11 July 2014

Recapitalisation of Red & Black Holdings (investment holding company for Hugo Boss)


SVG Capital has been informed that Permira IV has recapitalised Red & Black, the investment holding company for Hugo Boss, returning approximately 0.4x cost (in local currency) to Permira IV.  The value of this partial realisation for SVG Capital is £69.0 million with SVG Capital's remaining holding in Hugo Boss valued at £263.2 million (as at 10 July 2014).

For further information, please contact:

SVG Capital                                                                                                                                                        020 3680 0070
Alice Kain/Victoria Smith

Maitland                                                                                                                                                            020 7379 5151

Neil Bennett/Tom Eckersley


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