Following the approval of the transaction by Kering shareholders at the Group’s General Meeting held on the 26^th of April, the exceptional distribution in kind of PUMA SE shares is effective as of the 16^th of May, the payment date.

The distribution ratio of PUMA shares to Kering shareholders is equal to 1 PUMA share for 12 Kering shares held, in accordance with the terms of the transaction announced by Kering last February.

As previously announced, following this transaction, Kering will retain 15.70% of the share capital and 15.85% of the shares outstanding and voting rights of PUMA. As from today, this stake will be accounted for under the equity method in Kering’s financial statements.

A global luxury group, Kering manages the development of a series of renowned Maisons in Fashion, Leather Goods, Jewelry and Watchmaking: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Christopher Kane, Tomas Maier, Boucheron, Pomellato, Dodo, Qeelin, Ulysse Nardin, Girard-Perregaux, as well as Kering Eyewear. In 2017, Kering had nearly 29 000 employees and pro forma revenue of roughly 10.82 billion euros.