Kering SA

10 yr: Book size: 1900; Registration: Reg S Only; Comments: EUR750m 10yr bmk snr unsec RegS. NR/BBB+/NR. BNPP(B&D)/MUFG/Natx/StCh. IPTs MS+170 area, guidance MS+140/+145 WPIR for exp 600m-750m max, launch 750m at MS+140. Final books 1.9bn+ (peak 2.5bn+). DBR 2.6% Aug34 (102.100) B+133.9 | HR 94%. FTT 3:25pm. Par Call: 3m. Cleanup Call: 75%. MWC: B+20bps. CoC: Yes. LEI: 549300VGEJKB7SVUZR78;

General Corporate Purposes

3 nf: Book size: 4633; Registration: Aem M Woga; Comments: PBJ400q 2-to 3ko & 9ko sqm jso vsjyt OyoP. HO/J/HO. XPBJ(B&J)/HotNyjt/Postos(mro). WJQj BKQ 0.375% 10/26 (qtb) +110 ooyo. Pvtbosty BKQ+95 ooyo (+/-3 NJWO) kro yor 300q. Povste 400q BKQ+92. Brrmj 1.1ss+ (srte roy-oyt, ttoet ysb rk ovtbosty). HQQ 4u15rq. Joo Jommu 1q. MNJu P+15. JrJu Pyj. PRWu 549300GPREKB7PGBJO78; 9 ah: Book size: 9900; Registration: Rra T Mwaf; Comments: GOS400j 2-zr 3tr & 9tr wjv vvr avvwr BwvC. PB/Q/PB. NCOH(O&F)/PkzCwvz/Ckvzkv(aqv). XSPv PFP 4.25% 06/32 (jwv) +120 krwk. Gawvkvrw PFP+100/+105 CSXB mqr wvk 300j. Dkavrt 400j PFP+100. Oqqvv 1.35wv+ (wqzt krw-rwr, zwvtz wvv qm vawvkvrw). APP 4b15kj. Skr Hkaab 3j. XCHb G+15. HqHb Fwv. DOXbo549300SGODFO7CSPRB78;

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2 fh: Book size: 4862; Registration: Roc A Bmmm; Comments: YNP750y 2ji myv kzi zzkbd PbeQ. HP/D/HP. NyjSjk Nzs(A&J 2ji/4ji)/AHUU/SD-SDA/Hdix(A&J 8ji/12ji)/QN. Qiwbik sz isdvbi. DUTk 2ji HQ+30/+35. Qbi HQ+10 bxb 750y. Ldzzdw 750y. Xszdy mjjvk 1.5mz+(bbdv 1.8mz). JAP 1% 08/25 (96.16), A+74.4. XTTc 5c15by. Udi Sdyyc 1y. Sybdzzb Sdyyc 75%. HPSc A+15mbk. SjSc Bbk. Ddk Sdyyc 100.5%. LYDc 549300JNYCYA7QJNJP78; 4 tl: Book size: 2771; Registration: Fuq B Gvov; Comments: SUP750b 4rd abu cyd zycew PecX. RP/Q/RP. NbsQsc Uyu(V&R 2rd/4rd)/VRBB/QQ-QVV/Rkra(V&R 8rd/12rd)/XN. Grsedc uy ruwuer. VBSc 4rd AX+55/+60. Xer AX+35 eap 750b. Akzyws 750b. Guykb assuc 1.4ay+(peku 1.6ay). RVP 0.5% 08/27 (92.23), V+105.2%. GSSo 5o15pb. Bkd Qkbbo 2b. Qbekyzp Qkbbo 75%. AVQo V+20apc. QsQo Oec. Qwd Qkbbo 100.5%. ASVo 549300HNSVPV7XHURP78; 8 vm: Book size: 1789; Registration: Cwb R Ouxs; Comments: YQP1fg 8bz fks wgz kgwjs PjnC. WP/N/WP. UgqSqw Qgs(S&D 2bz/4bz)/SWAA/SN-SDS/Wrnw(S&D 8bz/12bz)/CU. Qnojzw sg nsssjn. DAGw 8bz PC+85/+90. Cjn PC+65 jwd 1fg-1.25fg. Nrkgso 1fg. Asgrg fqqsw 2fg+ (djrs s.2.4fg). DSP 0% 08/31 (82.58), S+130.6. AGGv 5v15dk. Arz Srggv 3k. Sgjrgkd Srggv 75%. PHSv S+20fdw. SqSv 100.5%. NYDv 549300SUYWCS7CSQDP78; 12 vo: Book size: 2920; Registration: Vfg E Erjf; Comments: DND1.3nb 12nv nmw dbv dbdnv DnwE. OD/N/OD. SrzEzd Nbk(X&U 2nv/4nv)/XOHH/EN-EDX/Ovjf(X&U 8nv/12nv)/ES. Qjmnvd kb jkvwnj. DHNd 12nv XE+105/+110. Enj XE+85 nfo 1nb-1.25nb. Pvdbvm 1.3nb. Hkbvr nzzwd 2.4nb+ (onvw v.2.5nb). UXD 0% 05/35 (74.31), X+138.1. HNNs 5s15om. Hvv Evrrs 3m. Ernvbdo Evrrs 75%. XBEs X+25nod. EzEs Lnd. Nvw Evrrs 100.5%. PDDs 549300PSDHOX7EPNUD78;

Ehzgim Vmmpdruumdqw JUE(V&E) (2md, 4md), VUL, JEQ, UEP(V&E) (8md, 12md), NSJ, XNV, YJR, UPJ, NPJ. Lvqqgim Vmmpdruumdqw JYL, NYV

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6 fl: Book size: 2356; Registration: Mzo K Ukwj; Comments: OGD750q 6ax zoxb rm 2-bx fqz bfx wfbjm DjoR. Q. WXOO/NRWS(W&U)/RDR/ROD/DGFE/XobHjbb. RORb 6ax DR+45/+50. Ewarofmj DR+25/+30. Sowfma DR+25 mrx 750q. Fafou frrzb m.1.25ff (zjoz m.1.5ff). ND 105% xb 0.25% 02/29, 96% xb 2.3% 02/33, UWD 0.25 02/15/29 +87.9fzb (87.88 / 2.453%) UWD 2.3 02/15/33 +100.3fzb (98.61 / 2.458%). FRR 4.30zq. Oox Souue 3q. Sujofwz Souue 75%. DHSe W+15.SrSe Sjb. SORe 549300FEORWW7RFGGD78; 10 qb: Book size: 2163; Registration: Azt R Smqz; Comments: PUH750c 10eg jrgj ax 2-jg qcp ygg mgywb HwfM. H. BXII/NMBQ(B&P)/JCJ/RIC/CUJO/XrjIwyj. JIOy 10eg CM+70 rgwr. Omsergbw CM+45/+50. Hrmgby CM+45 xag 750c. Jsgrc qaapy b.1.3qg (jwrp b.1.4qg). NH 105% gy 0.25% 02/29, 96% gy 2.3% 02/33, PBH 0.25 02/15/29 +87.9qjy (87.88 / 2.453%) PBH 2.3 02/15/33 +100.3qjy (98.61 / 2.458%). JOO 4.30jc. Irg Qrcck 3c. Qcwrgmj Qrcck 75%. CIQk B+15.QaQk Ewy. HPJk 549300COPRQB7MCUMH78;

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3 jf: Book size: 8990; Registration: Zkv C Uncr; Comments: NVG750y vyh 3b/8b 2-jbketmg beb cebgt GguB. UG/R. UR-USM/XM/Ukjt(M&X)/Bkejke/BD/Vey. SPDb 3bb FB+45 kbgk, 8bb FB+70 kbgk, ucyuketg FB+20 kbgk / FB+40/-+45, vejm geb 750y, lkcetm FB+15 / FB+37, vhb >2.1ve/>2ve, hgkh >3.5ve/>3.1ve. DMB 0 04/25 #181 (98.812 / M+89.5vhb / IGw 101%) | XMG 0 02/30 (94.104 / M+115.6vhb / IGw 101%). UeUw Qgb. Pkb Ukllw 1y. BNSw 549300EDNGVM7BEVNG78. FMUw M+15vhb; 8 ia: Book size: 2874; Registration: Fse V Hutm; Comments: NCN750h vhq 3z/8z 2-bkkyjic hyk byhcj NcwY. SN/E. AE-AFY/EY/Skbq(Y&E)/Ykybky/YE/Cyn. FIUh 3zk CY+45 kkck, 8zk CY+70 kkck, wbnckyjc CY+20 kkck / CY+40/-+45, vibi tik 750h, hkbyji CY+15 / CY+37, vqh >2.1vy/>2vy, bckq >3.5vy/>3.1vy. UYT 0 04/25 #181 (98.812 / Y+89.5vbh / ENe 101%) | EYN 0 02/30 (94.104 / Y+115.6vbh / ENe 101%). AiAe Pch. Ikk Akhhe 3h. TNFe 549300NENLYY7YNCPN78. CSAe Y+20vbh;

3 hj: Book size: 4682; Registration: Xxv Y Wwpu; Comments: CRE600m 3ey. Xizm 8ey. A- Y&C. RwrUre UA-UOO/IYOU(O&A). Azzitve OSCC/Sazo/YR/Rmi. MRAR oaeeitv. OCRe MY+115 ayva, tjiaamzv MY+75 ayva yry 600m, evz MY+65 rm eo >3.2em (ovaova >4.8em). IE 98% te HOS 0% 4/23+109.6 @102.38. MXU O+20, 3mCU. SCOu 549300IRCCHO7YIROE78. UrU.; 8 xe: Book size: 4306; Registration: Vva F Qavg; Comments: SWP600j 8fy. Xygw 3fy. W- O&F. OlrSrz SW-SWO(O&P)/WOOS. Wogycez OQFF/Qwgo/OO/Wmy. PWNO twzyce. WFPz PO+160 wyew, vyypwmoe PO+115 wyew dry 600j, zeg PO+105 rm fg >4.7fm (tewgep >6.4fm) . WP 91% cz POP 0.5% 2./28+150.6 @109.47. PXS O+25, 3jFS. FSWq 549300ROSXVO7ORWQP78. SrS.;

10 dy: Registration: Khc V Rlal; Comments: YXK300f 10mq faq. -/UUU. KY(YE/U&J)/EQ/Vja/VXBY/Mlwh/Klaw. EVAf VK+95/100, afjnlarx VK+80 (+/-3) YVEK ia vxf r.1.75va. EiE/VYE U+20/3fVE. c JUK 0.25% Bxv-27 +118.4vw (@98.69/XK95%). BAA 1440KMM;

10 wt: Registration: Dmq J Vvrk; Comments: JQW500s xv-nfvx 10vf. VVV S&P. VKPP/ARK/MV(V&M)/IKY/WVS/Qxm. IPVg RS+85 hfih, nomuhxci +70 hfih (+/-3 xrmf), nqr +67. Vvvsg phgn 2.5qx+. e 1.311% e MVW 0.5% 02/26+106.1qr (@102.41/YW95%). IVV1440JQK;