Disclosure of inside information according to Article 17 MAR from Adler Modemärkte AG [release date: 10. April 2017, 3.06 pm CEST]

Change in Management Board:

Lothar Schäfer terminates his office in the Management Board end of April - Andrew Thorndike new member Haibach (near Aschaffenburg), 10 April 2017: As of 30 April 2017, Mr. Lothar Schäfer, Chairman of the Board of Management of Adler Modemärkte AG, will cease to hold an office with the Company in order to achieve new professional goals. In a Supervisory Board Meeting on 10 April 2017, the Supervisory Board approved the premature and amicable termination of Mr. Schäfer's term as member and Chairman of the Management Board. The Company thanks Mr. Schäfer for his services on the Board of Management.

The Supervisory Board today also appointed Mr Andrew Thorndike as new member of the Management Board with the function as Chief Operating Officer as of 1 May 2017. Mr Thorndike has been appointed for five years. The Supervisory Board intends to appoint another member of the Management Board as Chairman of the Management Board. Until then, the acting members of the Management Board, Mr Karsten Odemann and Mr Andrew Thorndike, shall lead the company jointly.

About Adler Modemärkte AG

Adler Modemärkte AG, headquartered in Haibach near Aschaffenburg, Germany, is one of Germany's largest and most important textile retailers. In 2016, the Group generated revenue of

€544.6 million and EBITDA of €23.3 million. As at the year-end, ADLER employed a workforce of around 4,000 and currently operates 183 stores, 156 of which are located in Germany, 22 in Austria,

three in Luxembourg, two in Switzerland, plus an online shop. The Company focuses on large-space concepts offering in excess of 1,400 m2 of retail space. With its many own brands and select external brands, ADLER offers a highly diverse product range. Thanks to more than 60 years of tradition and strong customer loyalty, ADLER considers itself to be the market leader within its target group of

affluent customers aged 45 and over.

For more information: www.adlermode-unternehmen.com; www.adlermode.com

Press enquiries Adler Modemärkte AG:

Katrin Schreyer Investor Relations

Tel.: +49 6021 633 1828

E-mail: investorrelations@adler.de

Adler Modemärkte AG published this content on 10 April 2017 and is solely responsible for the information contained herein.
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