MONCLER ANNUAL REPORT AT 31 DECEMBER 2020ATTACHMENTS 201200

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important actions and clear procedures to safeguard the health of its employees and protect the business.The Covid-19 pandemic has had a very significant impact on the results for 2020, both in terms of revenues and margins, as clearly illustrated in the Annual Report. - On 31 March 2020, Moncler acquired from its Korean shareholder (Shinsegae International Inc.) a part of its shareholding in Moncler Shinsegae Inc., equal to 39.01% of the share capital, at a price of Euro 15.7 million. Following this acquisition, Moncler controls 90.01% of Moncler Shinsegae Inc. - On 11 June 2020, the Ordinary Shareholders Meeting approved, pursuant to Art. 114a TUF, the adoption of the "2020 Performance Shares Plan" for the Executive Directors, Key Managers, employees and contractors, including several external advisors whose services are key to the business of Moncler and its subsidiaries. - On the same date, the Extraordinary Shareholders Meeting also approved the granting of an authority to the Board of Directors pursuant to Article 2443 of the civil code, for a five-year period from the date of granting, in order to increase the share capital on a free, separable basis in several instalments pursuant to Article 2349 of the civil code, up to a maximum of EUR 400,000 by issuing a maximum of 2,000,000 ordinary shares to be allocated to the recipients of the 2020 Performance Shares Plan . - On 11 June 2020, the Board of Directors of Moncler S.p.A. approved an exclusive global licence agreement with Interparfums SA, a French manufacturer of luxury fragrances and cosmetics, for the creation, production and distribution of fragrances and related products. - On 6 July 2020, Moncler S.p.A. renewed, in advance, until 31 December 2025, the exclusive global licence agreement with the Marcolin Group for the design, production and distribution of sunglasses, frames and men s and women s ski goggles under the Moncler Lunettes brand. - On 3 July 2020, Moncler S.p.A. signed a loan agreement with a leading bank for a total of EUR 400 million.The financing involves the granting of a sustainability-linked revolving credit facility to Moncler, based on a reward scheme linked to the attainment of specific carbon neutrality objectives, and the use of renewable energies. - On 27 July 2020, the Board of Directors of Moncler S.p.A. approved the project to insource the online business.That process is expected to be completed in 2021. - On 6 December 2020, the plan for the merger of Sportswear Company S.p.A. ("SPW") the company which owns the Stone Island brand, was approved. Under the agreement, Moncler will acquire the shareholding on the basis of a countervalue defined by the parties at EUR 1,150 million calculated on 100% of the capital. The price for the share purchase will be paid in cash by Moncler, on condition that on the closing date the SPW shareholders have committed to subscribe to 10.7 million newly-issued Moncler shares with a countervalue equal to 50% of the price; the newly-issued shares will be valued, on the basis of the agreements reached, at the price of EUR 37.51 per share. As Moncler s objective is to acquire the whole of SPW s share capital as of the operation s closing date, the Framework Agreement has also mapped out a route that will allow, in accordance with SPW s

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bylaws and with the existing agreements between the SPW shareholders, the participation in the operation of Temasek Holdings (Private) Limited, an international investment firm based in Singapore which, through its own investment vehicle, holds 30% of SPW's share capital. The operation is expected to close by 31 March 2021 in order to allow the consolidation of Stone Island into Moncler from 1 April 2021.

2.2 Related-party and intragroup transactions. Atypical and/or unusual transactions

The Company has a Procedure regulating operations with related parties ( Related Parties Procedure ), which was last updated on 9 May 2019, and which was adopted in accordance with Consob Regulation 17221/2010 as amended and with Article 2391a of the civil code. It also applies to operations carried out through the subsidiaries. The Board of Statutory Auditors considers that these procedures respects the requirements of the above- mentioned Consob Regulation 17221/2010 as amended: during the past year the Board oversaw the Company s compliance with these procedures. The 2020 Annual Report, which includes the Board of Directors Report, the Consolidated Financial Statements and the SeparateFinancial Statements for 2020 of Moncler SpA, contains information about the income-related and equity effects of related-party transactions and also describes the main relationships. In 2020, one operation that was classified as major under the Related Parties Procedure and two minor operations were brought to the attention of the Related Party Transactions Committee.The Board monitored the procedures used to define these operations, also by attending the related meetings, and oversaw the compliance by the Board of Directors and by the Related Parties Committee with the provisions of Consob Regulation 17221/2010 and with the Related Parties Procedure. No related-party transactions were executed on an urgent basis. The Board judged as adequate the information given by the Board of Directors in the 2020 Annual Report of the Company in relation to infragroup and related party transactions. As far as we are aware, during the financial year 2020 no atypical and/or unusual operations were carried out. 3.Oversight of the adequacy of organisational structure

The organisational structure of the Company and of the Group, and the developments in that structure have been described in detail in the Report on Corporate Governance and Ownership. The Company s organisational structure includes the duties and responsibilities of the Company s functions, the hierarchical and functional relations between them, and the coordination arrangements. The Board of Statutory Auditors oversaw the overall adequacy of the organisational structure of the Company and of the Group, and also monitored the process for the setting and granting of authorities.