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(The following press release from Morgan Stanley was received by e-mail. The sender verified the statement.)

Red & Black Holding GmbH announces placement of 7 million shares in Hugo Boss AG

Oberursel, May 3, 2013. Red & Black Holding GmbH ("Red & Black"), a company held by funds advised by Permira, announced today that it has sold 7.0 million registered shares of its stake in Hugo Boss AG ("Hugo Boss") (ISIN DE000A1PHFF7), an equivalent to c. 9.9% percent of the entire share capital of Hugo Boss. Through the sale of 7.0 million shares, Red & Black's stake was reduced to c. 56% percent.

The transaction was executed via an accelerated book building process led by Morgan Stanley as Sole Bookrunner and Unicredit Group as Co-Bookrunner.

Red & Black has entered into a lock-up period for their remaining shareholdings in Hugo Boss of 270 days.

Morgan Stanley Syndicate

Kristen Pugno Morgan Stanley | Global Capital Markets 20 Bank Street | Canary Wharf | Floor 05 London, E14 4AD Phone: +44 20 7677-3276<>


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