Financial News Release

HONG KONG--(BUSINESS WIRE)--Michael Kors Holdings Limited (the “Company”) today announced the pricing of its initial public offering of 47,200,000 ordinary shares at a price of $20.00 per share. The shares will be listed on the New York Stock Exchange under the symbol “KORS.” The initial public offering will be solely a secondary offering. The underwriters have an option to purchase up to an additional 7,080,000 ordinary shares from certain selling shareholders to cover overallotments, if any. The initial public offering is expected to close on or about December 20, 2011.

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Goldman, Sachs & Co. are acting as joint book-running managers, and Robert W. Baird & Co. Incorporated, Jefferies & Company, Inc., Nomura Securities International, Inc. and Piper Jaffray & Co. are acting as co-managers for the initial public offering.

The registration statement relating to the initial public offering of ordinary shares of the Company has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made only by means of the written prospectus forming part of the effective registration statement. A copy of the final prospectus related to the offering may be obtained, when available, by contacting Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, Telephone: 1-866-718-1649, or by emailing prospectus@morganstanley.com; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, Telephone: 1-866-803-9204; or Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, Telephone: 1-866-471-2526, Facsimile: 1-212-902-9316 or by emailing prospectus-ny@ny.email.gs.com.

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