Forward-Looking Statements
This communication includes forward-looking statements within the meaning of the federal securities laws. All statements other than statements of
historical fact contained in this communication, including, but not limited to, statements as to future results of operations and financial position, planned products and services, business strategy and plans, objectives of management for future
operations of the Lanvin Group, market size and growth opportunities, competitive position, technological and market trends and the potential benefits and expectations related to the terms and timing of the proposed business combination with PCAC,
are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including anticipate, expect, suggests, plan, believe,
intend, estimates, targets, projects, should, could, would, may, will, forecast or other similar expressions. All forward-looking
statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Lanvin Group and PCAC, which are all subject to change due to various factors. Any such estimates, assumptions, expectations,
forecasts, views or opinions, whether or not identified in this communication, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results.
The forward-looking statements contained in this communication are subject to a number of factors, risks and uncertainties. Potential risks and uncertainties
that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in domestic and foreign business, market, financial, political and legal conditions; the
timing and structure of the business combination with PCAC; changes to the proposed structure of the business combination with PCAC that may be required or appropriate as a result of applicable laws or regulations; the inability of the parties to
successfully or timely consummate the business combination with PCAC and the other transactions in connection therewith, including as a result of the COVID-19 pandemic or the risk that any regulatory approvals
are not obtained, or are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the business combination with PCAC; the risk that the business combination with PCAC disrupts
current plans and operations of PCAC or the Lanvin Group as a result of the announcement and consummation of the business combination with PCAC; the ability of the Lanvin Group to grow and manage growth profitably and retain its key employees
including its chief executive officer and executive team; the inability to obtain or maintain the listing of the post-acquisition companys securities on The New York Stock Exchange following the business combination with PCAC; failure to
realize the anticipated benefits of the business combination with PCAC; risk relating to the uncertainty of the projected financial information with respect to the Lanvin Group; the amount of redemption requests made by PCACs shareholders and
the amount of funds available in the PCAC trust account; general economic conditions and other factors affecting the Lanvin Groups business; Lanvin Groups ability to implement its business strategy; Lanvin Groups ability to manage
expenses; changes in applicable laws and governmental regulation and the impact of such changes on Lanvin Groups business, Lanvin Groups exposure to litigation claims and other loss contingencies; the risks associated with negative press
or reputational harm; disruptions and other impacts to Lanvin Groups business, as a result of the COVID-19 pandemic and government actions and restrictive measures implemented in response; Lanvin
Groups ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, Lanvin Groups technology infrastructure; changes in tax laws and liabilities; and changes in legal, regulatory,
political and economic risks and the impact of such changes on Lanvin Groups business. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the
Risk Factors section of LGHLs Registration Statement on Form F-4, PCACs Annual Report on Form 10-K and other documents filed by Lanvin Group
Holdings Limited, a Cayman Islands exempted company (LGHL), or PCAC from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements. In addition, there may be additional risks that neither PCAC nor Lanvin Group presently know, or that PCAC or Lanvin Group currently believe are immaterial, that could also cause
actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect PCACs and Lanvin Groups expectations, plans, projections or forecasts of future events and view. If any of the risks
materialize or PCACs or Lanvin Groups assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements.
Forward-looking statements speak only as of the date they are made. PCAC and Lanvin Group anticipate that subsequent events and developments may cause their
assessments to change. However, while LGHL, PCAC and Lanvin Group may elect to update these forward-looking statements at some point in the future, LGHL, PCAC and Lanvin Group specifically disclaim any obligation to do so, except as required by law.
The inclusion of any statement in this document does not constitute an admission by Lanvin Group nor PCAC or any other person that the events or circumstances described in such statement are material. These forward-looking statements should not be
relied upon as representing PCACs or Lanvin Groups assessments as of any date subsequent to the date of this document. Accordingly, undue reliance should not be placed upon the forward-looking statements. In addition, the analyses of
Lanvin Group and PCAC contained herein are not, and do not purport to be, appraisals of the securities, assets or business of the Lanvin Group, PCAC or any other entity.