Institutional Shareholders Once Again Reduce Luxury Prada Spa

Institutional shareholders Harris Associates L.P. again reduce Italy

Group Prada SpA (1913.HK)

Group.

Statistics show that Harris Associates L.P. reduced 2374200 shares of Prada SpA, Prada group stock in the 25 day of October, and still held 152525802 of the Italy group after its reduction, and its shareholding ratio was reduced by 5.96% from the previous 6.95%.

The reduction, Harris Associates L.P. L.P. average paction price of HK $27.63, cash in HK $65 million 603 thousand, the highest paction price of HK $27.75.

Prior to August 1st, Harris Associates L.P. also reduced 2176100 shares of Prada SpA, Prada group, with an average price of HK $23.96 and cash HK $52 million 137 thousand.

However, in November 10, 2014, July 6, 2015 and January 15, 2016, Harris Associates L.P. has respectively increased Prada 1657700 SpA, Prada group stock, 1657700 shares, 1007500 shares and 1027600 shares respectively at an average paction price of HK $47.76, HK $35.95 and HK $21.32 respectively.

In addition to the last increase in earnings, the previous two Harris Associates L.P. holdings have recorded large losses, while the recent two reduction under the offer price also shows that investors do not seem to have the intention to get a return from the Prada SpA Prada group.

By the end of September,

Zeng report sang Prada SpA Prada group, and gave the industry's worst performing company "win market" rating. The report released so far, the Prada SpA Prada group has recorded an increase of more than 8%.