euro adhoc: ESCADA AG / Board of Directors (Appointments and Changes) / Succession secured at ESCADA (E)

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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19.09.2005

Aschheim/Munich, September 19th, 2005 - Wolfgang Ley (67), Founder and CEO of
ESCADA AG, on September 19th 2005 proposed to the company’s Advisory Board to
nominate Frank Rheinboldt (39) as a new Board member and to appoint him as the
company’s new CEO. Wolfgang Ley will leave the Board of Management on January
31st, 2006 at his own request but will continue to support the Board as
consultant in the newly created function as "Founder and Creative Chairman
ESCADA Group". Mr. Ley will act as ambassador for the brand ESCADA and take over
the role of chairman for the Creative Committee where he will be instrumental
for the further development and public image of the brand.

The Supervisory Board’s appointment of Frank Rheinboldt as a member of the Board
of Management and CEO of ESCADA AG will become effective on February 1st 2006.
Frank Rheinboldt has been with the ESCADA Group for 15 years and is presently
CEO of the Münster-based PRIMERA AG. He has been instrumental in managing the
turn-around of PRIMERA and successfully integrated Laurèl into the
PRIMERA-Group. The long-standing and careful preparation of this succession
ensures continuity for the ongoing development of the company.

Date of effectiveness of above conditions: 19.09.2005.

Further inquiry note:
Viona Brandt
Tel.: +49 (0)89 9944 1336
E-Mail: [email protected]

end of announcement euro adhoc 19.09.2005 16:45:00
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emitter: ESCADA AG
Margaretha-Ley-Ring 1
D-85609 München
phone: +49 (0)89 9944 1336
FAX: +49 (0)89 9944 1500
mail: [email protected]
WWW: http://www.escada.com
ISIN: DE0005692107, DE000A0BVW67, XS0215685115
indexes:
stockmarkets:
sector: Clothing
language: English

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