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EDOB Abwicklungs AG

EANS-Adhoc: EDOB Abwicklungs AG (former ESCADA AG): ESCADA (UK) Ltd applies for opening of insolvency proceedings - subsequent sale of assets and business to Mittal Family Trust

  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.
04.12.2009
Munich/London,  December 4, 2009 - ESCADA (UK) Ltd, a 100 percent 
subsidiary of EDOB Abwicklungs AG (former ESCADA AG), filed a 
petition on December 2, 2009 with the competent insolvency court in 
London for insolvency proceedings to be opened. The petition follows 
as a consequence of insolvency proceedings being opened over ESCADA 
AG´s assets on November 1, 2009 in Aschheim/Germany. Jane Moriarty 
and Myles Halley of KPMG were appointed joint administrators of 
Escada (UK) Ltd on the same day.
The joint administrators immediately sold the assets and business of 
Escada (UK) Ltd to ESCADA UK Subco Limited, the wholly-owned 
subsidiary of the Mittal Trust which bought the principal assets and 
business of ESCADA AG from the German insolvency administrator on 5 
November 2009.
end of announcement                               euro adhoc

Further inquiry note:

Investor Relations
Yara Kes
Tel.: +49 (0) 89 9944 1336
E-mail: yara.kes@de.escada.com

Wirtschaftsmedien:
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