Prada S.p.A. at the AGM held on April 24, 2024, the shareholders announced After serving on the Board of the Company for almost 8 years, the mandate of Mr. Maurizio CEREDA expired at the AGM. Ms. Cristiana RUELLA has been elected as a Director of the Company for the first time. RUELLA, Cristiana, aged 61, is currently an industrial partner of FSI SGR S.p.A., an investment company, and a member of the Board of Directors of Missoni S.p.A. She is also Chief Executive Officer of TFC srl and of the Holding Company Exor srl since October 2021.

From July 1991 to August 2017, she was Managing Director of the Dolce & Gabbana group where she also carried out duties typically undertaken by the chief financial officer. In a global leadership role at Dolce & Gabbana, she has been a member of all the Boards of Directors of the central and local companies as well as Chief Executive Officer of the latter ones. Ms. Ruella previously spent four years at ICR (Istituto di Revisione e Certificazione) from 1985 to 1989, where she was involved in accounting and audit activities on financial statements of companies aimed at issuing certifications of the relevant financial and economic results.

She was a member of the Advisory Board of DGPA & Co, an Italian investment fund. She was also a member of the Advisory Board of SDA Bocconi University from 2003 to 2005. Ms. Ruella devotes her time and passion to the VIDAS Foundation, where she is a member of the Board of Directors and Treasurer.

Ms. Ruella earned a MA Economics and Finance from Cattolica University of Milan. The company announced that the newly appointed Board of Directors of the Company consists of eleven individuals, being six Executive Directors (namely, Mr. Patrizio BERTELLI, Mr. Paolo ZANNONI, Mr. Andrea GUERRA, Ms. Miuccia PRADA BIANCHI, Mr. Andrea BONINI and Mr. Lorenzo BERTELLI) and five Independent Non-Executive Directors (namely, Mr. Yoël ZAOUI, Ms. Marina Sylvia CAPROTTI, Ms. Pamela Yvonne CULPEPPER, Ms. Anna Maria RUGARLI and Ms. Cristiana RUELLA), all elected for a term of three financial years, expiring on the date of the shareholders' general meeting called to approve the financial statements of the Company for the year ending December 31, 2026. Biographical details of each of the Directors are set out in the circular to the AGM dated March 27, 2024.

Mr. Patrizio BERTELLI was elected as Chairman of the Board of Directors. The company announced that the Board has held a meeting after AGM (the "Board Meeting") to confer the executive roles of the Directors as follows: Mr. Patrizio BERTELLI - Executive Director and elected by the AGM as the Chairman of the Board; Mr. Paolo ZANNONI - Executive Deputy Chairman and Executive Director; Mr. Andrea GUERRA - Chief Executive Officer and Executive Director; Ms. Miuccia PRADA BIANCHI - Executive Director; Mr. Andrea BONINI (Chief Financial Officer) - Executive Director; and Mr. Lorenzo BERTELLI - Executive Director. At the Board Meeting, it was resolved further that the new membership of the Audit and Risk Committee, the Remuneration Committee, the Nomination Committee, the Sustainability Committee and the Inside Information Disclosure Committee of the Company is as follows: Audit and Risk Committee: Mr. Yoël ZAOUI; Ms. Cristiana RUELLA; Ms. Anna Maria RUGARLI.

According to the relevant terms of reference, the Chairperson of the Audit and Risk Committee is appointed at the first meeting of such committee. In this respect, the Board recommended to appoint Mr. Yoël ZAOUI as Chairman of the Audit and Risk Committee. Remuneration Committee: Ms. Anna Maria RUGARLI (Chairwoman); Mr. Paolo ZANNONI and Mr. Yoël ZAOUI.

According to the relevant terms of reference, the Chairperson of the Remuneration Committee is appointed at the first meeting of such committee. The Remuneration Committee, at a meeting held today, appointed, on the recommendation of the Board, Ms. Anna Maria RUGARLI as the Chairwoman of the Remuneration Committee. Nomination Committee: Ms. Cristiana RUELLA; Mr. Lorenzo BERTELLI and Ms. Pamela Yvonne CULPEPPER.

According to the relevant terms of reference, the Chairperson of the Nomination Committee is appointed at the first meeting of such committee. In this respect, the Board recommended to appoint Ms. Cristiana RUELLA as Chairwoman of the Nomination Committee. Sustainability Committee: Ms. Pamela Yvonne CULPEPPER; Mr. Lorenzo BERTELLI and Ms. Anna Maria RUGARLI.

According to the relevant terms of reference, the Chairperson of the Sustainability Committee is appointed at the first meeting of such committee. In this respect, the Board recommended to appoint Ms. Pamela Yvonne CULPEPPER as Chairwoman of the Sustainability Committee. Inside Information Disclosure Committee Mr. Paolo ZANNONI; Mr. Patrizio BERTELLI; Mr. Andrea BONINI.

According to the relevant terms of reference, the Chairperson of the Inside Information Disclosure Committee is appointed at the first meeting of such committee. In this respect, the Board recommended to appoint Mr. Paolo ZANNONI as Chairman of the Inside Information Disclosure Committee.