MONCLER ANNUAL REPORT AT 31 DECEMBER 2020ATTACHMENTS 197196

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MONCLER S.p.A.

Share Capital

Euro 51,670,524.80 fully paid

Head office at Via Stendhal 47, Milan

Companies Register of Milan registration number and Tax Identification 04642290961

Economic Administrative Index 1763158

* * * REPORT OF THE BOARD OF STATUTORY AUDITORS

TO THE SHAREHOLDERS MEETING

In accordance with Article 153 of Legislative Decree no. 58 of 24 February 1998

Shareholders, This report, which was prepared in accordance with Article 153 of Legislative Decree 58/1998 (the Finance Consolidation Act or TUF ) relates to the activities of the Board of Statutory Auditors (the Board ) of Moncler S.p.A. (hereinafter Moncler and also the Company ) for the year ending 31 December 2020.The Board of Statutory Auditors was elected by the Shareholders' Meeting held on 11 June 2020 with the following members: Riccardo Losi, Chairman, Carolyn Dittmeier, standing auditor, Nadia Fontana, standing auditor. During the 2020 financial year the Board of Statutory Auditors performed its duties in accordance with the Italian civil code, Legislative Decree 58/1998 (TUF), the guidelines issued by Consob in its communication no. 1025564 of 6 April 2001 as amended, Legislative Decree 39/2010 (the decree enacting Directive 2006/43/EC on the legal auditing of annual and consolidated financial reports) as amended, the statutory provisions and the provisions issued by the Authorities performing supervision and control, and also took into account the rules of conduct laid down by the Italian National Council of Accountants and Tax Consultants. The Board of Statutory Auditors also complied with the regulations applicable to public bodies, in its capacity as the Audit Committee for Internal Control and Accounts , performing additional specific control and monitoring duties with regard to financial reporting and legal auditing as provided for in Article 19 of the above-mentioned Legislative Decree 39/2010 as amended by Legislative Decree 135/2016, and with regard to non-financial reporting pursuant to Legislative Decree 254/2016 as amended. On 9 July 2020 the Board of Statutory Auditors gave a positive assessment for each member, following the process of self-assessment of the criteria for exercising the position of statutory auditor, on the basis of the principles laid down in Article 148 TUF and Regulation 162/2000 of the Ministry for the Economy and Finance with regard to integrity and professionalism; Art. 144-novies, para. 1-ter of the Issuers Regulation with regard to independence;Art. 148-bis TUF and Articles 144-duodecies to 144-

Moncler S.p.A. Independent auditors report 31 December 2020

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Report on other legal and regulatory requirements

Opinion pursuant to article 14.2.e) of Legislative decree no. 39/10 and article 123-bis.4 of Legislative decree no. 58/98 The company s directors are responsible for the preparation of the a directors report and a report on corporate governance and ownership structure at 31 December 2020 and for the consistency of such reports with the related separate financial statements and their compliance with the applicable law.

We have performed the procedures required by Standard on Auditing (SA Italia) 720B in order to express an opinion on the consistency of the directors report and the specific information presented in the report on corporate governance and ownership structure indicated by article 123-bis.4 of Legislative decree no. 58/98 with the company s separate financial statements at 31 December 2020 and their compliance with the applicable law and to state whether we have identified material misstatements.

In our opinion, the directors report and the specific information presented in the report on corporate governance and ownership structure referred to above are consistent with the company s separate financial statements at 31 December 2020 and have been prepared in compliance with the applicable law.

With reference to the above statement required by article 14.2.e) of Legislative decree no. 39/10, based on our knowledge and understanding of the entity and its environment obtained through our audit, we have nothing to report.

Treviso, 10 March 2021

KPMG S.p.A.

(signed on the original)

Gianluca Zaniboni Director of Audit