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☐ SIMPLIFYING OUR CAPITAL STRUCTURE SIGNIFICANT STEPS TOWARDS SIMPLIFICATION OF CAP STRUCTURE IN 1H22: ➤ CONVERSION OF ~50M PREFERRED SHARES REDEMPTION OF ~75M PREFERRED SHARES BURBE BURBERRY HERO T BURBERRY HERO BURBERRY ■ MULTIPLE BENEFITS FOR COTY: REDUCES OVERHANG OF KKR'S PREFERRED SHARES ➤ ~$65M OF CASH FREED ON LOWER DIVIDEND CONFIRMS THE HIGHER VALUE AND LIQUIDITY OF OUR REMAINING 26% STAKE IN WELLA ➤ CUMULATIVELY RESULTS IN SEVERAL CENTS OF EPS ACCRETION COTY SINCE 1904 BURBERRY BURBERRY BURBERRY HERO HERO BURBERRY HERO

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