Gucci Group N.V. Announces Annual General Meeting and Dividend

Business Wire, June 4, 1999

AMSTERDAM, Holland--(BUSINESS WIRE)--June 4, 1999--

Gucci Group N.V. (NYSE and Amsterdam: GUC) announced today that it will hold its Annual General Meeting of Shareholders on July 8, 1999 at 10:00 a.m. at the Amstel Intercontinental Hotel, Professor Tulpplein No.1, 1018 GX Amsterdam, The Netherlands.

Pursuant to the Articles of Association of the Company, subject to the adoption of the statutory annual accounts by the Shareholders at the Annual General Meeting, the Supervisory Board has declared a cash dividend from the profits earned in fiscal 1998 of US$ 0.40 per common share of the Company's stock, payable on or promptly after July 26, 1999 to shareholders of record on July 14, 1999 (other than with respect to 39,007,133 common shares owned by Pinault-Printemps-Redoute, S.A., ("PPR"), which, in accordance with the Strategic Investment Agreement between Gucci and PPR, are not entitled to dividends until the year 2000).

Gucci Group N.V. is one of the world's leading designers, producers and distributors of high quality personal luxury accessories. Products include leather goods, shoes, ties and scarves, ready-to-wear, watches, gifts, jewelry, eyewear and perfume. The Company directly operates stores in major markets throughout the world and wholesales products through franchise stores, duty-free boutiques and leading department and specialty stores. The shares of Gucci Group N.V. are listed on the New York Stock Exchange and on the Amsterdam Stock Exchange.