ESCADA AG

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

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 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. end of announcement euro adhoc 16.02.2006 12:59:18 -------------------------------------------------------------------------------- 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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