KARL LAGERFELD AND VAPRIO STILE ENTER A LICENSE AGREEMENT FOR KARL LAGERFELD WOMEN'S COLLECTION

(Paris, France) October 29th, 2007 - KARL LAGERFELD announced today that Vaprio Stile entered
into a licensing alliance to produce the KARL LAGERFELD Women’s Collection starting with Fall 2008.
The partnership will combine the design vision of Karl Lagerfeld with Vaprio Stile’s expertise in
manufacturing, sales and distribution.

“In Italy, there is a high quality capacity for ready-to-wear licenses because in that area it is a real
tradition,” said Karl Lagerfeld.

“This partnership with Vaprio Stile demonstrates our continued effort to build and expand the KARL
LAGERFELD brand to become a true global business,” states Fred Gehring, CEO, of the holding of
KARL LAGERFELD. “Given Vaprio Stile’s proven track record in producing and distributing
womenswear of exceptional quality, we are confident that we have found the best partner to enable the
KARL LAGERFELD Collection to maximize its potential and to reach a broader consumer base
worldwide.”

“Karl Lagerfeld’s creative experience, style and prestige will be a great contribution to our common goal
in strategic development and success of the KARL LAGERFELD women’s ready-to-wear collection
worldwide,” said Roberto Zanetto, Chairman of Vaprio Stile.

KARL LAGERFELD will continue to directly manage the aspects of design and marketing for the
Collection. The first collection produced by Vaprio Stile will be shown on the runway during Paris
fashion week in February 2008 and will bow at retail for Fall 2008. The collection will be sold worldwide
in select department stores and specialty stores.

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KARL LAGERFELD:
KARL LAGERFELD designs, sources and markets the internationally acclaimed signature ready-towear
collection K ARL LAGERFELD, a high end luxury collection which is designed and shown in Paris
and also offers an array of related accessories through strategic licensing agreements.

VAPRIO STILE:
Vaprio Stile controlled by Arner Private Equity Fund, is an Italian company operating in the fashion and
luxury women’s ready-to-wear business. The firm manages the license of Emanuel Ungaro as well as
a collaboration on an exclusive basis with Givenchy collection.

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Contacts:

Europe:
Caroline Lebar
caroline.lebar@karllagerfeld.com
+ 33 (1) 44 50 22 00

USA:
Jo-Di Moore
+ 1 212 548 1634
jmoore@karllagerfeld.com