Ralph Lauren Corporation Declares Quarterly Dividend

NEW YORK–(BUSINESS WIRE)–Ralph Lauren Corporation (NYSE:RL) announced that its Board of Directors
has declared a regular quarterly dividend of $0.50 per share on Ralph
Lauren Corporation Common Stock. The dividend is payable on April 15,
2016 to shareholders of record at the close of business on April 1, 2016.

ABOUT RALPH LAUREN

Ralph Lauren Corporation (NYSE:RL) is a global leader in the design,
marketing and distribution of premium lifestyle products in four
categories: apparel, home, accessories and fragrances. For more than 48
years, Ralph Lauren’s reputation and distinctive image have been
consistently developed across an expanding number of products, brands
and international markets. The Company’s brand names, which include
Ralph Lauren Purple Label, Ralph Lauren Collection, Double RL, Ralph
Lauren Black Label, Polo Ralph Lauren, Polo Sport, Polo Ralph Lauren
Children’s, Ralph Lauren Home, Lauren Ralph Lauren, RLX, Denim & Supply
Ralph Lauren, American Living, Chaps and Club Monaco, constitute one of
the world’s most widely recognized families of consumer brands. For more
information, go to http://investor.ralphlauren.com.

This press release and oral statements made from time to time by
representatives of the Company contain certain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include statements
regarding, among other things, our current expectations about the
Company’s future results and financial condition, revenues, store
openings and closings, employee reductions, margins, expenses and
earnings and are indicated by words or phrases such as “anticipate,”
“estimate,” “expect,” “project,” “we believe” and similar words or
phrases. These forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause actual results,
performance or achievements to be materially different from the future
results, performance or achievements expressed in or implied by such
forward-looking statements. Forward-looking statements are based largely
on the Company’s expectations and judgments and are subject to a number
of risks and uncertainties, many of which are unforeseeable and beyond
our control. The factors that could cause actual results to materially
differ include, among others: the loss of key personnel or other changes
in our executive and senior management team or to our operating
structure and our ability to effectively transfer knowledge during
periods of transition; our ability to achieve anticipated operating
enhancements and/or cost reductions from our restructuring plans,
including our transition to a global brand-based operating structure;
our ability to successfully implement our anticipated growth strategies
and to capitalize on our repositioning initiatives in certain regions
and merchandise categories; our exposure to currency exchange rate
fluctuations from both a transactional and translational perspective,
and risks associated with increases in the costs of raw materials,
transportation, and labor; our ability to secure the technology
facilities and systems used by the Company and those of third party
service providers from, among other things, cybersecurity breaches, acts
of vandalism, computer viruses or similar events; our ability to
continue to maintain our brand image and reputation and protect our
trademarks; the impact of the volatile state of the global economy,
stock markets, and other economic conditions on us, our customers, our
suppliers, and our vendors, and our ability and their ability to access
sources of liquidity; the impact of changes in consumers’ ability or
preferences on purchases of premium lifestyle products that we sell and
our ability to forecast consumer demand; changes in the competitive
marketplace; risks associated with our international operations,
including risks related to the importation and exportation of products,
and risks associated with compliance with the Foreign Corrupt Practices
Act or violations of other anti-bribery and corruption laws prohibiting
improper payments and the burdens of complying with a variety of foreign
laws and regulations, including tax laws; the impact to our business of
events of unrest and instability that are currently taking place in
certain parts of the world; our ability to continue to expand our
business internationally; changes in our effective tax rates or credit
profile and ratings within the financial community; changes in the
business of, and our relationships with, major department store
customers and licensing partners; our efforts to improve the efficiency
of our distribution system and enhance our information technology
systems and e-commerce platform; the impact to our business resulting
from potential costs and obligations related to the early termination of
our long term, non-cancellable leases; the potential impact to the
trading prices of our securities if our Class A Common Stock share
repurchase activity and/or cash dividend rate differs from investors’
expectations; the potential impact on our operations and on our
customers resulting from natural or man-made disasters; and other risk
factors identified in the Company’s Annual Report on Form 10-K, Form
10-Q and Form 8-K reports filed with the Securities and Exchange
Commission. The Company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

Contacts

Ralph Lauren
Investor Relations:
Evren Kopelman, 212-813-7862
or
Corporate
Communications:
Malcolm Carfrae, 212-583-2262