EANS-Adhoc: EDOB Abwicklungs AG (former ESCADA AG): ESCADA (UK) Ltd applies for opening of insolvency proceedings - subsequent sale of assets and business to Mittal Family Trust

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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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04.12.2009

Munich/London, December 4, 2009 - ESCADA (UK) Ltd, a 100 percent subsidiary of
EDOB Abwicklungs AG (former ESCADA AG), filed a petition on December 2, 2009
with the competent insolvency court in London for insolvency proceedings to be
opened. The petition follows as a consequence of insolvency proceedings being
opened over ESCADA AG´s assets on November 1, 2009 in Aschheim/Germany. Jane
Moriarty and Myles Halley of KPMG were appointed joint administrators of Escada
(UK) Ltd on the same day.

The joint administrators immediately sold the assets and business of Escada (UK)
Ltd to ESCADA UK Subco Limited, the wholly-owned subsidiary of the Mittal Trust
which bought the principal assets and business of ESCADA AG from the German
insolvency administrator on 5 November 2009.

Further inquiry note:
Investor Relations
Yara Kes
Tel.: +49 (0) 89 9944 1336
E-mail: yara.kes@de.escada.com

Wirtschaftsmedien:
Frank Elsner Kommunikation für Unternehmen GmbH
Frank Elsner
Tel.: +49 - 54 04 - 91 92 0
Email: info@elsner-kommunikation.de
end of announcement euro adhoc
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issuer:   EDOB Abwicklungs AG
          Einsteinring 14-18
          D-85609 Aschheim/München
phone:    +49 (0)89 9944 0
FAX:      +49 (0)89 9944 1111
mail:     info@de.escada.com
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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