Statement regarding Frasers Group plc

THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

18 December 2020

Mulberry Group plc ("Mulberry")

Statement regarding Frasers Group plc ("Frasers")

The board of Mulberry notes yesterday's announcement released by Frasers stating that, in accordance with Rule 2.8 of the Takeover Code (the "Code"), it does not intend to make an offer for Mulberry. Accordingly, Frasers is now subject to the restrictions under Rule 2.8 of the Code and Mulberry is no longer in an offer period in accordance with the Code.

Godfrey Davis, Chairman of Mulberry, commented:

"We continue to make significant progress in building Mulberry as a sustainable global luxury brand, creating value for all our stakeholders. This is focused around our omni-channel network and market leading digital platform; increasing our Asian footprint; and a relentless focus on innovation and sustainability, offering our customers beautiful products, made to last in our Somerset factories."

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Publication on website:

A copy of this announcement will be made available (subject to certain restrictions relating to persons resident in restricted jurisdictions) at https://www.mulberry.com/gb/investor-relations. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.