Sales rise by 11% in local currencies in 1H14

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1 17 September 2014 INDITEX FIRST-HALF 2014 RESULTS Sales rise by 11% in local currencies in 1H14 Taking into account currency fluctuations, net sales rose 6% to 8,085 million, while net profit was 928 million In the past twelve months, Inditex has created more than 8,000 new jobs worldwide, 1,200 of which in Spain Like-for-like sales growth was 4.5% The Group opened stores in 40 different markets during the first half, bringing its worldwide network to 6,460 stores in 88 markets Zara recently launched its online shopping platform in Mexico; with remaining Inditex brands to follow soon. Zara will also launch online in South Korea next week, with online store on China s Tmall to follow Stores and online sales in constant currencies increased by 10% between 1 August and 12 September 2014 The Inditex Group s stores and online sales in local currencies rose by 11% in the first half of fiscal 2014 between 1 February and 31 July while like-for-like sales growth was 4.5%. Reported revenue, shaped by exchange rate trends, amounted to 8,085 million, year-on-year increase of 6%, with growth in all of the Group s geographic markets. Net profit amounted to 928 million, compared to 951 million in the first half of FY13. The Group continued to generate employment, creating over 8,000 new jobs in the last 12 months, 1,200 of which were in Spain. This is as a result of its investment policy regarding the expansion of its corporate facilities, among other reasons. 1

5% The Group opened stores in 40 different markets during the first half, bringing its worldwide network to 6,460 stores in 88 markets Zara recently launched its online shopping platform in Mexico;

2 Key figures (first half of 2014) ( millions) 1H H 2013 Net sales 8,085 7,655 Gross profit Gross margin 4, % 4, % EBITDA 1,617 1,624 EBIT 1,194 1,219 Net profit Sales breakdown by region 1H H 2013 Europe 45.6% 44.6% Asia 21.7% 21.7% Spain 19.3% 19.3% Americas 13.4% 14.4% Total 100% 100% 6,460 stores in 88 markets The Group continues to deliver its international expansion targets across all its geographic markets as part of its multi-concept, multi-channel strategy. At the end of the first half of FY14, the Group had a network of 6,460 stores in 88 markets, with 120 net openings in 40 different markets. During the period, all of Inditex s fashion concepts opened flagship stores. Zara continued to rollout its new store image to include more spacious premises, clean cut architectural lines and advanced environmental measures. Particular highlights include openings such as Hong Kong s Queen s Road, Madrid s Calle Serrano, Zurich s Bahnhofstrasse, Krakow s Rynek and Miami s Lincoln Road. 2

4% Total 100% 100% 6,460 stores in 88 markets The Group continues to deliver its international expansion targets across all its geographic markets as part of its multi-concept, multi-channel strategy.

3 The new Zara store on Bahnhofstrasse in Zurich (Switzerland). Major new Pull&Bear stores were opened in Jakarta, Marseille, Istanbul, Venice and Paris, with flagship stores such as on Kalverstraat (in Amsterdam) and Corso Vittorio Emanuele (in Milan) standing out. Massimo Dutti also continued to update its image, opening high-spec, designer stores with environmental measures in cities such as Beijing, Toronto, Budapest, Palma de Mallorca and Amsterdam. In September, Massimo Dutti opened a flagship store of more than 1,500m 2 on Madrid s fashionable Calle Serrano. Zara Home, meanwhile, opened important stores in cities such as London (Kensington High Street), Athens (Glyfada), Tokyo and Rio de Janeiro in Brazil, a market in which the chain is expanding rapidly. Zara Home Kensington High Street (London). Stradivarius and Bershka s notable openings were located in Nagoya, Saint Petersburg, Istanbul, Marseille and Jakarta, among other cities. Meanwhile, Stradivarius opened in August its first UK store specifically in Westfield Stratford City shopping centre in London. Moreover, Uterqüe continues to upgrade its store 3

out. Massimo Dutti also continued to update its image, opening high-spec, designer stores with environmental measures in cities such as Beijing, Toronto, Budapest, Palma de Mallorca and Amsterdam.

4 image, configuring elegant establishments dominated by marble, wood and painted metal which combine to create a boutique feel for customers. Interior of the Massimo Dutti store on Madrid s calle Serrano. 4

5 A careful mix of marble, wood and metal characterise the new Uterqüe boutique look. Expansion of the online platforms At the end of the first half, the Group was operating online stores in 25 markets and Mexico was added on 3 September. In addition to 21 European markets, the Group sells online in China, Japan, the US, Canada and, now, Mexico. In the weeks to come, Zara s online platform is due to go live in South Korea, and it will expand its online offering in China with the opening of its virtual shopfront on Tmall. The remaining fashion concepts of the Group will also soon launch online in Mexico. Austria Belgium Canada China Denmark Finland France Germany Greece Ireland Italy Japan Luxembourg Mexico Monaco Online sales platforms as of 17th September 2014 Zara, Massimo Dutti, Zara Home Zara Zara, Pull&Bear, Massimo Dutti, Zara Home Zara Home Zara, Pull&Bear, Massimo Dutti, Bershka, Oysho, Zara Home, Uterqüe Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Zara Home Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home Zara Zara, Pull&Bear, Massimo Dutti, Stradivarius, Oysho, Zara Home Zara Zara, Pull&Bear, Masimo Dutti, Zara Home 5

In addition to 21 European markets, the Group sells online in China, Japan, the US, Canada and, now, Mexico.

6 Norway Netherlands Poland Portugal Romania Russia Spain Sweden Switzerland UK USA Zara, Massimo Dutti, Zara Home Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home Zara, Pull&Bear Zara, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Pull&Bear Zara, Pull&Bear, Massimo Dutti, Zara Home Zara, Pull&Bear, Massimo Dutti, Bershka, Zara Home, Uterqüe Zara, Massimo Dutti, Zara Home Year-to-date trading update Stores and online sales increased by 10% in local currencies between 1 August and 12 September As ratified at the Annual General Meeting held on 15 July, the Company will pay a final ordinary dividend and a bonus dividend totalling per share before tax on 3 November 2014, bringing the total dividend paid from 2013 profits to per share. For further information: INDITEX Communications and Institutional Relations comunicacion@inditex.com Flagship Zara store on Lincoln Road in Miami (US). 6

Dutti, Zara Home Year-to-date trading update Stores and online sales increased by 10% in local currencies between 1 August and 12 September 2014.

Inditex Group first-half net sales up 17%

16 September 2015 FIRST-HALF 2015 RESULTS Inditex Group first-half net sales up 17% Net sales totalled 9.42 billion, while net profit rose 26% year-on-year to 1.16 billion In the past twelve months, Inditex