MONCLER ANNUAL REPORT AT 31 DECEMBER 2020ATTACHMENTS 185184

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Società per azioni Capitale sociale Euro 10.415.500,00 i.v. Registro Imprese Milano Monza Brianza Lodi e Codice Fiscale N. 00709600159 R.E.A. Milano N. 512867 Partita IVA 00709600159 VAT number IT00709600159 Sede legale: Via Vittor Pisani, 25 20124 Milano MI ITALIA

KPMG S.p.A. è una società per azioni di diritto italiano e fa parte del network KPMG di entità indipendenti affiliate a KPMG International Limited, società di diritto inglese.

(Translation from the Italian original which remains the definitive version)

Independent auditors report pursuant to article 14 of Legislative decree no. 39 of 27 January 2010 and article 10 of Regulation (EU) no. 537 of 16 April 2014

To the shareholders of Moncler S.p.A.

Report on the audit of the consolidated financial statements

Opinion We have audited the consolidated financial statements of the Moncler Group (the group ), which comprise the statement of financial position as at 31 December 2020, the income statement and the statements of other comprehensive income, changes in equity and cash flows for the year then ended and notes thereto, which include a summary of the significant accounting policies.

In our opinion, the consolidated financial statements give a true and fair view of the financial position of the Moncler Group as at 31 December 2020 and of its financial performance and cash flows for the year then ended in accordance with the International Financial Reporting Standards endorsed by the European Union and the Italian regulations implementing article 9 of Legislative decree no. 38/05.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISA Italia). Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the consolidated financial statements section of our report. We are independent of Moncler S.p.A. (the parent ) in accordance with the ethics and independence rules and standards applicable in Italy to audits of financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Attestation of the Consolidated Financial Statements pursuant to art. 154-bis of Legislative Decree no. 58/98

1. The undersigned, Remo Ruffini, in his capacity as the Chief Executive Officer of the Company, and Luciano Santel, as the executive officer responsible for the preparation of Moncler S.p.A. s financial statements, pursuant to the provisions of Article 154-bis, clauses 3 and 4, of Legislative Decree no. 58 of 1998, hereby attest:

the adequacy with respect to the Company structure and the effective application

of the administrative and accounting procedures applied in the preparation of the Company s consolidated financial statements at 31 December 2020.

2. The assessment of the adequacy of the administrative and accounting procedures used for the prepa- ration of the consolidated financial statements at 31 December 2020 was based on a process defined by Moncler S.p.A. in accordance with the Internal Control Integrated Framework model issued by the Committee of Sponsoring Organizations of the Treadway Commission, an internationally-accepted ref- erence framework.

3. The undersigned moreover attest that:

3.1 the consolidated financial statements:

a. have been prepared in accordance with International Financial Reporting Standards, as endorsed by the European Union through Regulation (EC) 1606/2002 of the European Parliament and Council, dated 19 July 2002

b. correspond to the amounts shown in the Company s accounts, books and records; and c. provide a fair and correct representation of the financial conditions, results of operations and cash

flows of the Company and its consolidated subsidiaries as of 31 December 2020 and for the year then ended.

3.2 the director s report includes a reliable operating and financial review of the Company and of the Group as well as a description of the main risks and uncertainties to which they are exposed.

18 February 2021

EXECUTIVE OFFICER RESPONSIBLE

CHAIRMAN OF THE BOARD OF DIRECTORS FOR THE PREPARATION OF THE

AND CHIEF EXECUTIVE OFFICER COMPANY S FINANCIAL STATEMENTS

Remo Ruffini Luciano Santel