On September 26, 2013, the Board of Directors of Moncler S.p.A. adopted the Internal Dealing Procedure –effective from the date of commencement of trading of the ordinary shares on the MTA –in order to regulate the flow of information about transactions (the “Transactions”) related to shares issued by the Company or derivative financial instruments or other financial instruments linked to shares of the Company and carried out by “Relevant Parties” the “Persons Closely Related to the Relevant Parties” and by the “Relevant Shareholders” of the Company. Such procedure was then subject to review by the Board of Directors in its meetings on June 27, 2016 and on July 25, 2018.

The Relevant Parties are prohibited from carrying out the Transactions. Such Closed Periods were identified in 30 days prior to the public disclosure of financial statements and interim financial reports that the Company is required to make public pursuant to the legislation and regulations from time to time in force.

This section includes all the notices made in relation to the Transactions carried by the Relevant Parties, the Persons Closely Related to the Relevant Parties and by the Relevant Shareholders of the Company.