Benetton Group SpA : Benetton Group Shareholders’ Meeting approves the 2011 financial statements

• Income entirely allocated to reserves without dividend distribution
• Alessandro Benetton appointed Chairman

Ponzano, April 24, 2012, at 12.45 p.m. CET - The Benetton Group shareholders' meeting, chaired by Luciano Benetton, today approved the 2011 financial statements and resolved to allocate net income for the year entirely to reserves.

After the shareholders' meeting, the Board of Directors, among other items, resolved unanimously to appoint Alessandro Benetton as Chairman. Luciano Benetton will remain on the Board as a non executive Director.