ESCADA AG

EANS-Adhoc: ESCADA AG
Insolvency petition has been filed by ESCADA (USA) Inc.

-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Restructuring 14.08.2009 Munich/New York, August 14, 2009 - Following the opening of preliminary insolvency proceedings of ESCADA AG, Aschheim / Germany, on August 13, 2009, the wholly owned US subsidiary ESCADA (USA) Inc., today filed a petition seeking relief under the provisions of chapter 11 of the US Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York. The filing was submitted in the best interests of the corporation, its creditors and other interested parties with the aim of stabilizing the important US business of ESCADA Group, thereby also being a crucial first step in the overall restructuring of the Group. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: ESCADA AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Investor Relations Yara Kes Tel.: +49 (0) 89 9944 1336 E-mail: yara.kes@de.escada.com Presse: Frank Elsner Kommunikation für Unternehmen GmbH Frank Elsner Tel.: +49 - 54 04 - 91 92 0 Email: info@elsner-kommunikation.de Branche: Clothing ISIN: DE0005692107 WKN: 569210 Index: CDAX, Classic All Share, Prime All Share Börsen: Berlin / Open Market Hamburg / Open Market Stuttgart / Open Market Düsseldorf / Open Market Frankfurt / regulated dealing/prime standard München / regulated dealing

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