-25.7% Service income from debts collections 617.1 752.4 135.3 21.9% 1,173.9 1,476.4 302.5 25.8% Rental and service income 155.1 138.1 -17.0 -10.9% 316.0 291.0 -25.0 -7.9% Insurance income 32.6 45.1 12.5

approximate credit of 15 - 30 days to its sales agents and the managed hotel properties has actual average collections, whereby actual collections is equal to approximately only 15 days. Non-Current Assets as

and Watches. CHANEL is also renowned for its Haute Couture collections, presented twice yearly in Paris, and for having acquired a large number of specialised suppliers, collectively known as the

a bond or closing of a loan or other debt instrument. Eligible Projects & Assets: Parts or collections of: • Projects or physical assets owned by the Issuer, and/or • Indebtedness incurred to finance

PROSPECTUS CHANEL CERES PLC (incorporated with limited liability in England and Wales) EUR300,000,000 Sustainability-Linked Guaranteed Notes due 2026 unconditionally and irrevocably guaranteed by Chanel Limited Issue price: 99.726 per cent. and EUR300,000,000 Sustainability-Linked Guaranteed Notes due 2031 unconditionally and irrevocably guaranteed by Chanel Limited Issue price: 99.400 per cent. The EUR300,000,000 Sustainability-Linked Guaranteed Notes due 2026 (the "2026 Notes") and the EUR300,...