Remuneration policy for new hires

The Directors' Remuneration Report in the Jimmy Choo PLC 2014 Annual Report and Financial Statements sets out the Group's Remuneration Policy for shareholder approval at the 2015 AGM.

Due to an error with the printing of the final report, the Remuneration and Nominations Committee would like to clarify a point of detail within our Remuneration Policy.

Remuneration policy for new hires

On page 66, we stated that on recruiting a new executive director, the maximum ongoing level of annual variable remuneration which may be awarded to an executive would be limited to the levels set out on the Policy table, i.e. 200% of salary for the annual bonus and 2,500,000 shares under the long-term incentive plan, excluding buy-out awards.

In addition, it was noted that, if necessary, the Committee may offer additional cash and / or share based elements to secure an appointment, for which the Committee has not set a maximum.

This additional flexibility provided on recruitment (i.e. no maximum level, if considered appropriate) is not correct.

The actual policy that will be adopted by the Committee on recruitment will be as follows:

- Maximum ongoing level of variable remuneration:

o Annual bonus - 200% of salary;

o Long incentive award - 2,500,000 shares.

- Furthermore, the Committee may also offer additional cash and / or share based elements to secure an appointment, which will be limited to a value equivalent to 2,500,000 shares at the time of such appointment.

The Committee would determine the performance conditions and time horizons that would apply to such awards at the time. The Committee would provide full disclosure of the rationale for such an award in the Directors' Remuneration Report in the year following such an award.

The rest of the Remuneration Policy (including the remainder of the remuneration policy for new hires) remains correct.

Bart Becht

Chairman of the Remuneration and Nominations Committee

7 May 2015