HUMAN RIGHTSP OLICY

— Table of Contents

1. INTRODUCTION

2

2. OUR COMMITMENTS

3

3. SCOPE OF APPLICATION

3

4. OUR PRINCIPLES

3

Prohibition of child labor
Freedom from forced labor, including modern slavery andhuman trafficking
Freedom of association and collective bargaining
Non-discrimination, diversity and equality of opportunity
Ensuring a working environment free from harassment
Fair wages and benefits
Working hours
Right to occupational health and safety

5. OUR IMPLEMENTATIONSTRATEGY

4

Monitoring and implementation (due diligence)

6. COMMUNICATION AND TRAINING

57. GOVERNANCE

5

8. LOOKING FORWARD

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— 1. Introduction
The Prada Group (the “Group” or “Prada”) – a universe
composed of a multitude of cultures, ethnic
groups, religions and personal orientations – firmly
recognizes that business can only flourish in societies
characterized by the respect and the safeguard ofhuman rights.

The publication of this Human Rights Policy (the“Policy”) is an important opportunity for officiallysetting the guidelines and principles the Group puts
in place to protect and uphold human rights within
its boundaries and along its value chain, defining thehuman rights principles to be protected, the main
responsibilities and an implementation strategy.

As stated in the Group’s Sustainability Policy,approved by the Board of Directors of Prada S.p.A.
on March 15, 2019, Prada commits to operate infull respect of the value of the individual and for thehuman and workers’ rights. The Group acknowledges
its responsibility to respect human rights and commits
itself to a proactive approach to advancing theserights.

HUMAN RIGHTS POLICY2— 2. Our Commitments
The Group considers the respect for ethical principles
to be a main requirement for the business’ success,considering also the impact that ethical issues could
have on its image and reputation. The Group’s
activities are governed by its Code of Ethics andare carried out in accordance with legislative andregulatory provisions in all countries in which itoperates. In case national laws are less strict thaninternational standards on human rights issues, thelatter are taken as a point of reference.
The principles related to the respect of human rights
to which the Prada Group commits refer to thefollowing:
The United Nations (UN) International Billof Human Rights, consisting of the Universal
Declaration of Human Rights, International
Covenant on Civil and Political Rights and theInternational Covenant on Economic, Social andCultural Rights;

suppliers and business partners.
The Group expects its business partners to respect theprinciples and content of its Human Rights Policy andmakes all reasonable efforts to include contractual
obligations to respect human rights into its agreementswith them when working for or together with Prada.

— 4. Our Principles
Through this Policy, Prada reaffirms its effort andresponsibility to uphold human rights by acting inaccordance with the Principles described below:

Prohibition of child labor

The International Labour Organisation (ILO)
Fundamental Conventions;

The Group considers unacceptable any form ofchild labor in its operations. The Group prohibits
the employment of young workers who are less than
15 years of age or under the age for completion ofcompulsory education, whichever is higher.
In addition, Prada strictly forbids the involvement ofyoung workers under the age of 18 in hazardous workor under difficult conditions, such as long hours orworking at night.

The International Labour Organisation (ILO)
Declaration on Fundamental Principles andRights at Work;

Freedom from forced labor, including
modern slavery and human trafficking

The United Nations (UN) Guiding Principles on
Business and Human Rights;
The United Nations (UN) Global Compact;
The Organization for Economic Co-operation
and Development (OECD) Guidelines forMultinational Enterprises.

— 3. Scope ofapplication
This Policy is applicable to all business activities
carried out by Prada S.p.A. and its subsidiaries
worldwide. The Prada Group is committed to respect
all human rights not only within its own operations,but is also committed to promote the adherence to thesame human rights principles among its contractors,

HUMAN RIGHTS POLICYThe Group strictly prohibits forced labor, including but
not limited to modern slavery and human trafficking,under any circumstances. Prada recognizes its
responsibility, and pays particular attention to more
vulnerable workers, such as international or internalmigrants or illiterate workers, since their exposure tothese risks is higher.

Freedom of association and collective
bargaining
The Group recognizes the right to collective bargaining
and to exercise freedom of association of employees.
In particular, employees are entitled to the rights
to form, participate and organize trade unions totheir own will, without fearing to be discriminated,intimidated or retaliated against.
The Group commits to engage in open andconstructive dialogue with representatives ofrecognized trade unions, negotiating fairly to ensure
mutual success.

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Non-discrimination, diversity andequality of opportunity
The Group firmly believes that diversity and inclusion
are valuable sources of inspiration for its work and,more in general, are instrumental to the enrichmentof progress in terms of culture and wellness to beshared with its stakeholders. Therefore, Prada has
no tolerance for any form of discrimination in theworkplace. Moreover, the Group encourages diversity
and inclusion within its workforce, ensuring equal
opportunity and equal treatment to all its employees,
regardless to their race, ethnicity, nationality, religion,disability, gender, sexual orientation and politicalorientation.

Ensuring a working environment freefrom harassment
The Group wants to guarantee its employees a healthy
working environment, ensuring that employees aretreated with dignity and respect and are not subjected
to harassment or violence. All forms of violence andharassment in the workplace are strictly prohibited,
including physical abuse, verbal abuse and sexual
harassment.

Fair wages and benefits
The Group recognizes the contribution of its
employees by offering a fair level of remuneration,
which reflects the knowledge and skills of eachindividual, avoiding personal bias. The Group’ssalaries are at least the same level as the minimum
wage required by national laws and shall represent aliving wage for Prada’s employees.

Working hours
The Group is aware of the importance of work-lifebalance for its employees, recognizing their right to rest;
moreover the Group is aware that long working hours
could increase injuries in the workplace. The Group
complies with international and local regulations
concerning working hours limits both on a daily andweekly basis. In any case, the sum of the normal
working week and overtime hours usually shall not
exceed the limits fixed by local labor laws, as wellas international labor regulations, unless there areexceptional circumstances. Specifically, overtime
shall be included in employment contracts and shallbe done on voluntary basis. Nevertheless, Prada
guarantees to its employees at least one rest day in

HUMAN RIGHTS POLICY

seven consecutive working days in accordance, unlessthere are exceptional circumstances.
Collective Bargaining Agreements may provide
specific rules to handle peak periods of production or
fashion show organization in terms of working hours
and define proper compensation to workers.

Right to occupational health and safety
The Group concretely encourages responsible,
conscious behavior regarding health and safetyaccording to the highest standards and in fullcompliance with local and international regulations.
Prada is committed to promoting and safeguarding thehealth and safety of employees and all other workers
that are under the operational control of the Group.
To support this commitment, Prada ensures to all its
employees appropriate training on health and safety
regulations.

— 5. Our
implementation strategy
Monitoring and implementation(Due Diligence)
In order to ensure compliance with this Policy, theGroup commits to set up periodical risk assessment toactively assess and avert potential human rights issues
in its operations.
Employees who are aware of perceived violations of
this Policy should immediately report the incident
to the dedicated hotline. The Prada Group adopted
a web platform (Whispli) managed by a specialized
third party, and available in several languages, which
ensures full compliance with international privacy
regulation and makes possible for the whistleblower tochoose anonymity.
Other reporting channels are:e-mail: whistleblowing@pradagroup.com
ordinary mail: Via Antonio Fogazzaro 28,
20135 Milan, Italy (K.a. Internal Audit)
Any allegation of a human rights violation brought
through the hotline will be promptly investigated by4an Ethics Committee. In handling such reports, Pradawill act to safeguard the reporting parties against any
form of retaliation. According to the nature of thegrievance, internal departments may be involved in
the investigation process. Prada reserves the right not
to investigate grievances out of the scope of this Policyor lacking sufficient evidence.

— 8. Looking Forward
The Group will continually evaluate and review how best
to strengthen its approach to addressing Human Rights.
The Group promotes the importance of participating inexternal initiatives and partnerships, for example withother industries, NGOs, trade unions, suppliers, andother business partners, to address the same challenges.

— 6. Communicationand training
The Group aims to strengthen human rights values
within the organization, for this reason is committed todisseminate human rights principles to its employees
through internal communication and with dedicatedtrainings. This Policy is available on the Group’s
corporate website.

— 7. Governance
On July 28, 2022, Prada S.p.A. Board of Directors
has approved this Human Rights Policy.
The Sustainability Committee within the Board, alongwith the CSR team, will oversee the periodical updateof the Policy while the HR department is responsible
for monitoring Policy compliance within the Group’s
own operations.
Always on July 28, 2022, Prada S.p.A. Board ofDirectors also approved a new Code of Ethics.
This new version is a Charter of Values, which further
enhances Prada’s commitment to respect its people
and the human rights.
The Group is also committed to regularly disclosing
information about its human rights objectives andprogress, to ensure full transparency related to its
impact on human rights topics.

HUMAN RIGHTS POLICY5