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Date: 21 July 2026

FRASERS GROUP PLC

Update on offer for HUGO BOSS AG

Further to the announcements by Frasers Group plc (Frasers) on 10 June 2026 and 25 June 2026 in relation to Frasers' voluntary public takeover offer to acquire all of the ordinary no-par value registered shares (the HUGO BOSS Shares) in HUGO BOSS AG (HUGO BOSS) which are not held by Frasers (the Offer), Frasers has acquired a further 2,549,900 HUGO BOSS Shares, corresponding to approximately 3.69% of the share capital and voting rights of HUGO BOSS, following the exercise by the relevant counterparties of put options on 17 July 2026.

Frasers now holds in aggregate 20,897,361 HUGO BOSS Shares, corresponding to approximately 30.28% of the share capital and voting rights of HUGO BOSS (excluding additional HUGO BOSS Shares that have been tendered into the Offer). Frasers is therefore pleased to confirm that it has exceeded the mandatory bid threshold of 30% as provided for in the German Takeover Code (WpÜG).

The Offer of €38.00 per HUGO BOSS Share remains open for shareholders to accept. The initial acceptance period for the Offer will end on 27 July 2026, 24:00 hours (local time Frankfurt am Main, Federal Republic of Germany).

Further information regarding the Offer is set out on the Offer website at https://www.fg-germany.com.

Enquiries

Frasers Group plc

The Offer is subject to the full terms and conditions set out in the offer document.

Disclaimer

BNP Paribas (BNPP) is authorised and regulated by the European Central Bank. BNPP, which is subject to regulation by the Financial Conduct Authority (the FCA) and limited regulation by the Prudential Regulation Authority (the PRA), is acting exclusively for Frasers and no one else in connection with the Offer and shall not be responsible to anyone other than Frasers for providing the protections afforded to clients of BNPP, nor for providing advice in connection with the Offer or any matter referred to herein. Neither BNPP nor any of its affiliates (nor any of its or their respective directors, officers, employees, representatives or agents) owes or accepts any duty, liability or responsibility whatsoever (whether direct, indirect, consequential, whether in contract, in tort, under statute or otherwise) to any person who is not a client of BNPP in connection with the Offer, this announcement, any statement contained herein or otherwise.

Deutsche Bank AG is authorised and regulated by the European Central Bank and BaFin. With respect to activities undertaken in the United Kingdom, Deutsche Bank AG, London Branch (Deutsche Bank) is authorised by the PRA with deemed variation of permission. Deutsche Bank, which is subject to regulation by the FCA and limited regulation by the PRA, is acting exclusively for Frasers and no one else in connection with the Offer and shall not be responsible to anyone other than Frasers for providing the protections afforded to clients of Deutsche Bank, nor for providing advice in connection with the Offer or any matter referred to herein. Neither Deutsche Bank nor any of its affiliates (nor any of its or their respective directors, officers, employees, representatives or agents) owes or accepts any duty, liability or responsibility whatsoever (whether direct, indirect, consequential, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Deutsche Bank in connection with the Offer, this announcement, any statement contained herein or otherwise.