206 207SEPARATE FINANCIAL STATEMENTS MONCLER GROUP

2021

At the date of the approval of the Draft Consolidated Results, the program is still ongoing.

GEOPOLITICAL UPDATE With reference to the conflict in Ukraine started on 24 February, Moncler Group s management confirms that both the store in Kiev and all commercial activities in Russia have also been temporarily closed. The Group is present in the two countries with dedicated e-commerce, and for the brand Moncler with two directly operated stores (DOS) and three wholesale mono-brand stores (SiS). More- over, the Group has around 100 multi-brand wholesale doors.

The total exposure to the two countries in FY 2021 includ- ing revenues generated by Russian tourists buying outside Russia was less than 2% of the Group s revenues. Although the uncer- tainty regarding the development of the situation and its possible impacts on global economies remains very high, significant con- sequences on FY 2022 results are currently not foreseen. Limited to Moncler S.p.A., a decrease in the Group s revenues would re- sult, proportionally, in lower flows from active royalties.

The Moncler Group also supports UNHCR, the United Na- tions High Commissioner for Refugees which protects and as- sists refugees around the world, and other organizations active in the area.

10. MOTION TO APPROVE THE FINANCIAL STATEMENTS AND THE ALLOCATION OF THE RESULT FOR THE YEAR ENDED 31 DECEMBER 2021

In conclusion to these explanatory notes, we invite you to approve the Moncler S.p.A. s separate financial statements.

We propose that you resolve to distribute a gross dividend of EUR 0.60 per ordinary share based on the 2021 profit of Mon- cler S.p.A., which amounts to EUR 136,481,615, and on the re- tained earnings reserve.

The total amount to be distributed as a dividend, taking into account the shares issued at 31 December 2021 (269,576,110), net of treasury shares directly held by the company (4,106,680), is equal to EUR 161.7 million1.

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The financial statements, comprised of the income statement, statement of comprehensive income, statement of financial posi- tion, statement of changes in equity, statement of cash flows and explanatory notes to the financial statements give a true and fair view of the financial position and the results of operations and cash flows and corresponds to the Company s accounting re- cords.

On behalf of the Board of Directors

Chairman and Chief Executive Officer Remo Ruffini

1 Subject to change due to the possible use of treasury shares for the stock- based compensation plans and to the further treasury shares purchase.