Tranche Update on Van de Velde NV's Equity Buyback Plan announced on March 16, 2020.

Van de Velde NV is the Belgian leading of the design, manufacturing and marketing of luxury women's lingerie (Marie Jo, PrimaDonna and Andres Sarda brands). Net sales break down by type of stores as follows: - specialized stores (77.3%): multi-brand stores, large stores and major department stores; - owned and franchise stores (22.7%). Net sales are distributed geographically as follows: Belgium/Germany/the Netherlands (72.6%), the United Kingdom/Switzerland/ the United States (27.4%).