Ad-hoc announcement pursuant to § 15 WpHG

Potential Loewe investor presents specific offer.

Kronach, 28 October 2013. - Loewe is able to announce that it has received an initial specific, written offer from a financial investor that has declared it is prepared to support Loewe's strategic realignment concept in the long term. The offer, which has yet to be finalised and implemented, entail the acquisition of the operative business of the Loewe Group as well as the principal assets of Loewe AG; the investor is not planning to take stakes or acquire Loewe AG itself. Loewe will now assess and evaluate the submitted proposal in detail. The aim is to solve the outstanding points over the next few weeks, and to finalise the necessary contractual documentation. Conclusion of a specific agreement with a new investor represents a crucial building block within the context of the strategic realignment of Loewe. It is also possible that further offers could be received, possibly with other transaction structures.

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Contact:

Christoph Möller

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