Agios Stefanos, 30 November 2018

The Company with the name “Folli Follie Commercial Manufacturing and Technical Société Anonyme” and the distinctive title “FF GROUP” (hereinafter the “Company”) provides the following update to the market:

On 23.11.2018, the Company signed an agreement with the audit firm PriceWaterhouseCoopers (hereinafter “PWC”), which will carry out a special-purpose audit of the Company’s corporate and consolidated financial statements for the financial year, which ended on 31.12.2017.

Based on the restated consolidated and corporate financial statements and the special-purpose audit, which will be conducted by PWC, the Company will prepare the final restated consolidated and corporate financial statements for the year 2017, so that these are submitted for approval by the General Meeting of the shareholders. During its meeting on 20.11.2018, the Company’s Board of Directors, decided to proceed with all actions required by law for the appointment of a new ordinary chartered accountant - auditor in replacement of the resigned, as of 2.11.2018, audit firm with the name “VNT CHARTERED AUDITORS ACCOUNTANTS BUSINESS ADVISORS SA”, proposing PWC as the new auditing firm for the ordinary audit of the above financial statements. The Company requested and has already received the approval by the Hellenic Accounting and Auditing Standards Oversight Board (“ELTE”) – through the latter’s decision dated 30.11.2018 – regarding the resignation of the auditing firm “VNT CHARTERED AUDITORS ACCOUNTANTS BUSINESS ADVISORS SA”. By its resolution dated 27.11.2018, the Company’s Board of Directors decided to convene an Extraordinary General Assembly, which will take place on 21.12.2018, for the passing of a relevant resolution for the election of the above audit firm as ordinary auditor.

This announcement is released by Folli Follie Commercial Manufacturing and Technical Société Anonyme in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Rule Book of the Athens Exchange. It contains information that qualifies as inside information for the purposes of Article 7 of MAR. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, the person responsible for arranging the release of this announcement on behalf of the Company is Mantalena Kasidiaropoulou, Head Investor Relations.