13 February 2019

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

During today’s meeting, the Board of Directors of the Company approved the execution of an updated term sheet with a group of bondholders regarding the proposed financial restructuring of its Group. Based on this term sheet, the Company will address a consent invitation to all bondholders, with the purpose of achieving an agreement by the required by law percentage of its creditors.

The Company will revert with further announcements to the market regarding its next actions relating to ongoing restructuring process.

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.