Folli Follie Commercial Manufacturing and Technical Société Anonyme (the “Company”), in response to a relevant request by the Hellenic Capital Markets Commission, provides the following update to the market.

I. Athens Single-Member Court of First Instance Decision no. 7266/2018 The Athens Single-Member Court of First Instance, through its decision no. 7266/2018, rejected the Company’s application dated 18.7.2018 for the granting of provisional measures in accordance with article 106a of Law 3588/2007 and, as a consequence, the force of the provisional order issued on 12.9.2018 (as per the Company’s announcement dated 14.9.2018) has ceased. The Company, in terms of its continuing effort, jointly with its advisers, to successfully complete its restructuring process, is considering its next actions and will revert with a further update to the market.

II. Restructuring process The Company and its advisers are continuing to engage with the Company’s creditors to develop the Company’s restructuring plan. In addition, the Company remains in discussion with third party investors and certain of its creditors to provide additional liquidity in the near term and to participate in the longer term refinancing solution.

III. Schuldschein €31 m. termination The Company announces that the financial obligation of the Company’s subsidiary, FF Group Finance Luxembourg II SA in the amount of €31m which has been guaranteed by the Company has become immediately due and payable prior to its stated maturity, as a result of the termination by the Schuldschein €31m sole holder dated 17.10.2018 and the call on the Company’s guarantee dated 18.10.2018. As a result of the foregoing and, specifically, due to the fact that said financial obligation has become due and payable prior to its stated maturity, the following Events of Default have occurred:
• under condition 8(c) of the terms and conditions of the CHF 150,000,000 3.25 per cent. Guaranteed Notes due 2021 issued by FF Group Finance Luxembourg II S.A.; and
• under condition 10(c) of the terms and conditions of the €249,500,000 1.75 per cent. Guaranteed Exchangeable Notes due 2019 issued by FF Group Finance Luxembourg S.A.;

This announcement is released in compliance with the relevant provisions of the Market Abuse Regulation (EU) 596/2014 concerning the issuer's obligation to disclose inside information.