NEWS
April 2020

PRADA SPA WITHDRAWS RECOMMENDATION TO
DISTRIBUTE FINAL DIVIDEND

Milan, April 22nd 2020 - Due to the current global financial crisis caused by the widespread COVID-19 pandemic, the Prada S.p.A. Board of Directors met today and resolved to withdraw the recommendation it made at the previous meeting regarding the distribution of a final dividend. The Board recommends the approval at the forthcoming Shareholders’ General Meeting, due to take place on May 26th 2020, of the allocation of the entire 2019 net income to the reserves of the company.