Tranche Update on Folli Follie S.A. Commercial Industrial and Technical Company's Equity Buyback Plan announced on June 25, 2014.

Folli Follie Commercial Manufacturing and Technical SA, formerly Duty Free Shops A Operating Duty Free Shops and Large and Small Scale Industrial Operations Technical and Commercial SA Corp Co, is a Greece-based company engaged in the fields of jewelry manufacturing, department stores operation, as well as in apparel and footwear industry. It operates in the following business segments: Jewelry-Watches-Accessories, Department Stores and Retail-Wholesale. The Jewelry-Watches-Accessories segment deals with the design, manufacturing, processing and marketing of jewelry, watches and other similar fashion accessories like handbags, belts and sunglasses, among others. The Department Stores segment operates department stores, under the brand name Attica. The Retail-Wholesale segment includes: wholesale of clothing, shoes, accessories and fragrances, as well as retail sales of footwear, clothing accessories for mono-brand/and multi-brand retail apparel, footwear-accessories and perfumes.