ESCADA AG

euro adhoc: ESCADA AG
Dividend Announcements/Distribution
ESCADA strengthens capital base for further growth - no dividend for fiscal year 2004/2005

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16.02.2006

Aschheim/Munich, February 16, 2006 - ESCADA AG will still refrain from paying out dividends for fiscal year 2004/2005 (closing date: October 31, 2005). The Supervisory Board approved the relevant recommendation of the Board of Management at its meeting today.  In view of the future growth perspectives, this decision serves not only to reinforce the Group’s equity base (equity ratio per October 31, 2005: 23.0%), but furthermore corresponds with the strategic targets of continued reduction of ESCADA Group’s net debt and improving its medium-term capital market rating. The Supervisory Board and Board of Management agreed that these objectives take precedence over the resumption of dividend payouts, not least because of the recent upturn in quotations of the share prices for the benefit of the shareholders which should be considered.

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ots Originaltext: ESCADA AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Viona Brandt
Tel.: +49 (0)89 9944 1336
E-Mail: viona.brandt@de.escada.com

Branche: Clothing
ISIN:      DE0005692107
WKN:        569210
Index:    SDAX, CDAX, Classic All Share, Prime All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / official dealing
              Frankfurter Wertpapierbörse / official dealing
              Bayerische Börse / official dealing



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