Luxembourg, 7 November 2022: GFG withdraws its guidance for the year and its longer term targets.  
                                                           
The Company is reporting its Q3 Results tomorrow and has determined that the CIS region will be reported as an asset held for sale. Consequently, GFG withdraws its guidance for the full year and its longer term targets which were prepared on the basis that the CIS region is consolidated in the results.

Person making the notification: Claire Higgins, Group Senior Legal Counsel 

Investor Relations:
Jo Britten
Investor Relations Director
investors@global-fashion-group.com 
 
Media Contact:
Jovana Lakcevic
Head of PR & Communications
press@global-fashion-group.com

Forward-looking Information
This announcement contains forward-looking statements. Forward-looking statements should not be construed as a promise of future results and developments and involve known and unknown risks and uncertainties. Various factors could cause actual future results, performance or events to differ materially from those described in this announcement, and neither the Company nor any other person accepts any responsibility for the accuracy of the opinions expressed in this announcement or the underlying assumptions.