Salvatore Ferragamo SpA Acquires Additional 30% Stake in Joint Venture Distribution Companies with Trinity Ltd Group for Strategic Markets of Korea and South East Asia

Salvatore Ferragamo SpA announced that it has acquired from Trinity Luxury Brands Holdings Ltd and Ferrinch (L) Ltd (which are wholly-owned subsidiaries of Trinity Ltd), a further 30% stake in the joint venture distribution companies for a total cash consideration of approximately USD 25.5 million, based on the Estimated Net Depreciated Asset Value at December 31, 2012. The total amount paid will be adjusted depending on the Actual Net Depreciated Asset Value at December 31, 2012. The four companies involved in the transaction are Ferragamo Korea, Ferragamo Malaysia, Ferragamo Singapore and Ferragamo Thailand.