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13.08.2009 – 14:22


Insolvency petition has been filed - Christian Gerloff, LL.D., has been appointed as preliminary insolvency administrator

--------------------------------------------------------------------------------   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. --------------------------------------------------------------------------------



Munich, August 13, 2009 - Today the Board of Management of ESCADA AG filed an insolvency petition with the competent insolvency court the Municipal Court of Munich. The court decreed on August 13, 2009 at 12:00 a.m. the preliminary administration of the insolvent's assets and appointed Christian Gerloff, LL.D., Munich, as preliminary insolvency administrator.

ESCADA AG's national and international subsidiaries are not initially affected by the insolvency of the parent company. Wherever subsidiaries are guaranteeing the fulfillment of the 2005/2012 bond, which applies on a case to case basis, restructuring and/or insolvency proceedings for these subsidiaries might be considered under the application of national laws.

end of announcement                                                 euro adhoc

ots Originaltext: ESCADA AG
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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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