Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.

Supervisory Board

27.02.2007

Rödental, February 27, 2007 - The Supervisory Board of Zapf Creation
AG today elected Dr. Harald Rieger chairman of the company's
Supervisory Board. Dr. Rieger has been a court-appointed member of
the Supervisory Board since February 12, 2007. The previous chairman
of the Supervisory Board, Mr. Miguel Perez-Carballo Villar, will
remain on the Supervisory Board as a regular member effective
immediately. Mr. Francesc Robert will continue to serve as deputy
chairman of the Supervisory Board.

end of announcement                               euro adhoc 27.02.2007 19:11:24

Further inquiry note:

Zapf Creation AG
Janina Scholz
Tel.: +49 (0) 95 63 / 95 25 - 15 13
Fax: +49 (0) 95 63 / 72 54 - 15 13

Branche: Consumer Goods
ISIN: DE0007806002
WKN: 780600
Index: 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
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade