RALPH LAUREN CORP CLASS A (+) : Giddy Up!

Research evidence excerpt

RALPH LAUREN CORP CLASS A (+) : Giddy Up!

to in this report. For Institutional and Accredited Investors in Singapore, please

contact BNP Paribas, acting through its Singapore Branch (company registration number: S71FC2142G; address: 10 Collyer Quay, 34/F Ocean

Financial Centre, Singapore 049315; tel: (65) 6210 1288; fax: (65) 6210 1980) for all matters and queries relating to this report.

South Africa: BNPP is a bank incorporated in France with a local branch registered with the South African Reserve Bank and registered as an external

company in terms of the South African Companies Act, 2008 . BNPP is an authorised Financial Services Provider (FSP 44610) and subject to regulation

by the Financial Services Board and South African Reserve Bank. It is also a licensed member of the Johannesburg Stock Exchange. BNPP does not

expressly or by implication represent, recommend or propose that the information and/or financial products referred to in this report are appropriate to

the particular investment objectives, financial situation or particular needs of the recipient. This document further does not constitute advice (whether

financial, legal, tax or otherwise) as contemplated in the Financial Advisory and Intermediary Services Act, 2002.

South Korea: This report does not constitute an offer to sell to or the solicitation of an offer to buy from any person any financial products in the

Republic of Korea (“Korea”). The distribution of this report in Korea or to residents of Korea is not and shall not be construed as provision of investment

advice in Korea. This report is not directed to, or intended for distribution to or use by, any person or entity in Korea where such distribution, publication,

availability or use would be contrary to laws or regulations of Korea.