Activist letter, French Connection

I write on behalf of GCM Partners, a division of Gatemore Capital Management LLP (“Gatemore”), which oversees direct investments for principals and clients of Gatemore. As of today GCM Partners controls 8.0% of the common stock of French Connection Group PLC (LSE: FCCN.L) (the “Company”).

Founded in 2005, Gatemore is an investment adviser to pension funds, charities and private clients. We have distinguished ourselves by challenging the status quo when necessary to achieve the best possible outcomes for our investors and believe this is one of the reasons we were named Investment Consultancy of the Year at the FT/Pensions Expert 2016 Pension and Investment Provider Awards.

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