Trading Statement

28 January 2016

Jimmy Choo PLC

Net Revenues increase 7% for the Year Ended 31 December 2015

Jimmy Choo PLC, the British luxury brand specialising in shoes and accessories, today announces another record for net revenues for the year ended 31 December 2015 driven by continued and consistent growth - notably in Asia and Japan, new store openings and the ongoing expansion of the retail and wholesale channels.

Highlights

· Net Revenue growth of 7% at constant currency to £318m (6% at reported rates)

o Retail net revenue growth of 9% at constant currency to £208m (8% at reported rates) with 1% LFL

o Wholesale net revenue growth of 1% at constant currency rates to £100m (flat at reported rates) despite the impact of the conversion of Singapore and Malaysia from Wholesale to Retail

· Directly Operated Store (DOS) count increased by 16 in the year

· 15 further DOS renovated in the New Store Concept

· 30% of store portfolio now in the New Store Concept

Peter Harf, Chairman of Jimmy Choo PLC commented:

"Jimmy Choo continues to outpace the sector despite the challenging competitive environment. The Company successfully reversed the first half decline in wholesale revenues and is on track with growth forecasts in Asia and Japan where brand awareness continues to grow strongly. I would like to thank Pierre and his highly talented teams for their commitment and diligent hard work in helping to secure this result."

Pierre Denis, CEO of Jimmy Choo PLC said:

"Jimmy Choo made excellent progress in 2015, delivering renovation of the retail portfolio whilst continually evolving the product mix and meeting development targets. Our teams work hard to deliver products of the highest quality and innovation. Our Creative Director, Sandra Choi, and her team have seen their designs warmly received by clients and critics - a key factor in the growing global appeal of our brand."

Overview

The main driver of net revenue growth in 2015 was shoes, which represents 76% of net revenues. In particular Men's continued to make excellent progress, remaining our fastest growing category and accounting for around 7% of net revenue. Accessories volumes remained stable, with a trend towards smaller bags. 2016 also saw the launch of the Illicit fragrance, and the continued rollout of the Jimmy Choo Men fragrances, both of which contributed to strong growth in Licence income. We also made excellent progress in Sunglasses and Eyewear.

Growth was led by Asia and Japan where our brand awareness continues to grow strongly and benefitted from our store development programme. Our European growth has benefitted from growth in tourism, offset by the loss of Russian visitors and more recently the impact of recent terrorist events, while our USA business made good progress in a market distorted by both foreign exchange fluctuations (affecting buying behaviour) and competitive pressures.

Retail net revenues grew by 9% at constant rates (8% at reported rates) to £208m (65% of net revenues), as we continued to open new DOS as well as renovating our existing store portfolio in the New Store Concept. Like for like growth in constant currency terms was 1% despite the impact of the renovation programme, benefitting from strong like for like sales in December. Online represents 6% of net revenues.

The number of net new DOS in the year was 16, including the conversion of 3 franchise stores in Singapore and Malaysia, giving a total DOS portfolio of 141 at 31 December 2015. Our new concept continues to outperform and we refitted a total of 15 stores in the year, with 30% of our portfolio now in the new format at the year end. Our development programme continues unchanged with 10-15 new DOS per annum going forward, and a further 10-15 DOS expected to be renovated each year.

We maintained our wholesale business despite the impact of the conversion of Singapore and Malaysia from Wholesale to Retail.

Outlook

We remain confident in our ability to grow faster than the market. Our business in Asia (where we are under-penetrated) and Japan is growing well, and we have significant opportunities to maintain this outperformance in the years ahead. 2016 will see the implementation of our omnichannel platform in the USA and Europe for our retail and online network. Our collections continue to be very well received with Men's being notably successful. At the same time continuous operating efficiencies and the dynamism and flexibility of our teams will allow us to drive margin expansion and a reduction in leverage.

Jimmy Choo PLC will present preliminary results for the year ended 31 December 2015 on 22 March 2016.

All figures presented in this announcement are unaudited. Certain statements made in this announcement are forward-looking statements. Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from any expected future results in forward-looking statements. Jimmy Choo PLC undertakes no obligation to update these forward-looking statements and will not publicly release any revisions it may make to these forward-looking statements that may result from events or circumstances arising after the date of this document. All persons, wherever located, should consult any additional disclosures that Jimmy Choo PLC may make in any regulatory announcements or documents which it publishes. All persons, wherever located, should take note of these disclosures. This announcement does not constitute an invitation to underwrite, subscribe for or otherwise acquire or dispose of any Jimmy Choo PLC shares, in the UK, or in the US, or under the US Securities Act 1933 or in any other jurisdiction.

Notes to Editors

Jimmy Choo encompasses a complete luxury accessories brand. Women's shoes remain the core of the product offer, alongside handbags, small leather goods, scarves, sunglasses, eyewear, belts, fragrance and men's shoes. CEO Pierre Denis and Creative Director Sandra Choi together share a vision to create one of the world's most treasured luxury brands. Jimmy Choo has a global store network encompassing more than 140 stores and is present in the most prestigious department and specialty stores worldwide. Jimmy Choo PLC is publicly listed on the London Stock Exchange with the ticker CHOO.