Company Profile For Van De Velde N.V.

Van de Velde NV is a Belgium-based company that designs, produces and commercializes high-end lingerie, including panties, corsets and bras. The Company has three major brands: Marie Jo L'Aventure, Marie Jo and PrimaDonna. In addition to these three brands, the Company has launched sports lingerie under the name of Marie Jo Intense. Van de Velde also operates the Spanish lingerie firm Eurocorset and the lingerie brand Andres Sarda. It markets its products through a group of multi-brand shops, luxury department stores and the Company's own concept stores in Belgium, the Netherlands, Germany, France and other countries. The Company operates production centers in various countries, including Tunisia, Hungary, Romania and China. As of December 31, 2008, Van de Velde NV had various subsidiaries located throughout Europe, Tunisia and the United States, among others.

BRIEF: For the six months ended 30 June 2009, Van de Velde NV's total revenue increased 9% to EUR74.9M. Net income for the period decreased 13% to EUR15M. Total revenue reflects an increase in demand for the Company's products and services in both Eurozone and Elsewhere geographic segments. Net income for the period was offset by deteriorated both gross and operating margins due to the higher other expenses and personnel expenses.