pg. 3

"Since 2007, these principles have been given formal expression in the Prada Group’s Code of Ethics. The Code sets out the guiding principles of the organization, being one of the main pillars of the Group’s governance model, and is also supported by a set of procedures in order to turn these values into daily actions. The adoption and application of the Code of Ethics is essential for the achievement of the Company’s primary objective, consisting in the creation of value for the communities in which it operates.

The Code of Ethics is promoted internally through the publication of the document on the corporate intranet, by sharing it with all new collaborators as well as being the base of business relationships with all suppliers."

There are the principles that the previous quote refers to:

"The Prada Group operates in:

• compliance with legislative and regulatory provisions in all countries in which it operates;

• legitimacy, loyalty, correctness and transparency;

• respect of the privacy;

• respect for the value of the person;

• respect for competition, as a crucial instrument in the development of the economic system;

• respect for the environment while raising awareness about its protection. " p.3