EANS-Adhoc: ESCADA AG / Insolvency petition has been filed - Christian Gerloff, LL.D., has been appointed as preliminary insolvency administrator

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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13.08.2009

Munich, August 13, 2009 - Today the Board of Management of ESCADA AG filed an
insolvency petition with the competent insolvency court the Municipal Court of
Munich. The court decreed on August 13, 2009 at 12:00 a.m. the preliminary
administration of the insolvent's assets and appointed Christian Gerloff, LL.D.,
Munich, as preliminary insolvency administrator.

ESCADA AG's national and international subsidiaries are not initially affected
by the insolvency of the parent company. Wherever subsidiaries are guaranteeing
the fulfillment of the 2005/2012 bond, which applies on a case to case basis,
restructuring and/or insolvency proceedings for these subsidiaries might be
considered under the application of national laws.

Further inquiry note:
Investor Relations
Yara Kes
Tel.: +49 (0) 89 9944 1336
E-mail: [email protected]

Presse:
Frank Elsner Kommunikation für Unternehmen GmbH
Frank Elsner
Tel.: +49 - 54 04 - 91 92 0
Email: [email protected]

end of announcement euro adhoc
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emitter:      ESCADA AG
              Einsteinring 14-18
              D-85609 Aschheim/München
phone:        +49 (0)89 9944 0
FAX:          +49 (0)89 9944 1111
mail:         [email protected]
WWW:          http://www.escada.com
sector:       Clothing
ISIN:         DE0005692107, XS0215685115 DE0005568174
indexes:      CDAX, Classic All Share, Prime All Share
stockmarkets: Open Market: Berlin, Hamburg, Stuttgart, Düsseldorf, regulated
              dealing/prime standard: Frankfurt, regulated dealing: München 
language:     English

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