Disclosure pursuant to Article 4, subs. 2 of Commission Regulation ( EC ) No 2273 / 2003.
Hamburg, 1 September 2008 – The Management Board of Bijou Brigitte modische Accessoires AG decided to repurchase shares of Bijou Brigitte AG ( ISIN DE0005229504, bearer shares ) in the amount of EUR 10,000,000.00. The buyback transactions, which are scheduled to be completed between 2 September 2008 and 31 December 2009, are subject to the conditions outlined below. Bijou Brigitte modische Accessoires AG thus exercises the authorisation granted at the ordinary general shareholders’ meeting on 16 July 2008 to repurchase own shares pursuant to § 71 subs. 1 No. 8 AktG of up to 10 percent of the registered capital which as of the date of the authorisation resolution amounted to EUR 8,100,000.00.
The repurchased shares may be used for any purpose specified in the authorisation resolution adopted at the general shareholders’ meeting on 16 July 2008. If the current authorisation to repurchase shares is repealed at the next ordinary general shareholders’ meeting in 2009 and replaced by a new authorisation resolution, the buyback programme may be continued on the basis of this new authorisation resolution. The share buyback programme is executed by order and for account of the company by a bank commissioned by the company. The bank will be free to make its decision regarding date and volume of the repurchase independently and without intervention by the company. The repurchase will be transacted on the stock exchange and under conditions which are as favourable as possible for Bijou Brigitte AG.
The consideration to be paid for the share buyback (without incidental purchase expenses) must not exceed or fall below the stock exchange price by more than 10 percent. With regard to the above-mentioned procedure, the relevant stock exchange price shall be the average most recently paid price of the five trading days prior to the purchase on the regulated market for the share at the stock exchange in Frankfurt/Main, Germany.
The bank will be obliged to comply with the implementation conditions in articles 4 to 6 of Commission Regulation (EC) No 2273/2003 of 22 December 2003, the provisions of the authorisation resolution of the general shareholders’ meeting of 16 July 2008 and all other relevant provisions. Pursuant to Article 5, sec. 1 of the above-mentioned Commission Regulation when determining the purchase price the bank shall exceed neither the price of the last independent transaction on the stock exchange in question nor the currently highest independent offer. The higher value is relevant. Pursuant to Article 5, sec. 2 of the above-mentioned Commission Regulation, the bank must not purchase more than 25 percent of the average daily volume of the shares in any one day on the regulated market on which the purchase is carried out.
The average daily volume figure must be based on the average daily volume traded in the 20 trading days preceding the repurchase. The share buyback programme may be suspended and resumed at any point in time in compliance with the relevant legal provisions. Pursuant to Article 4, sec. 4 of the above-mentioned Commission Regulation, details of the transactions must be disclosed no later than seven trading days following the execution of the transactions. Bijou Brigitte AG will regularly provide information on the status of the share buyback programme under www.bijou-brigitte.com.
The first share buyback programme started on 18 March 2008 and finished on 5 August 2008 – Bijou Brigitte repurchased 127.670 shares for circa 10 Mio. EUR.
Hamburg, 1 September 2008, Bijou Brigitte modische Accessoires AG, The Management Board.