Ad-hoc-Announcement Development of Sales Wolford AG: Sales in the first quarter of the 2008/09 fiscal year Ad hoc announcement transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------ Press Information Sales in the first quarter of the 2008/09 fiscal year Wolford posts further sales growth in the first quarter of 2008/09 - Sales up 4.6 percent compared to strong first quarter business in the previous fiscal year - Expansion in almost all geographic markets - Sales growth in all distribution channels Bregenz, August 13, 2008 Following a successful 2007/08 fiscal year featuring an 11.3 percent rise in total sales, and despite disproportionately strong sales growth in the first quarter of the past fiscal year (up 16.9 percent), the Wolford Group once again raised sales in the first three months of the current 2008/09 fiscal year. In the period May 1, 2008 � July 31, 2008, the Austrian luxury brand increased sales by 4.6 percent in a year-on-year comparison, to EUR 31.9 million, up from EUR 30.5 million in the first quarter of the previous year. Adjusted for currency effects, this corresponds to sales growth of 8.1 percent. Sales increase in almost all geographic markets In the first three months of the current fiscal year, sales of the Wolford Group developed favourably in almost all its geographic markets. The brand developed particularly positively, featuring double-digit growth in Central and Eastern Europe, the Netherlands, the Scandinavian markets, France and in the UK (in local currency). Sales also increased significantly in Germany, Wolford�s traditionally largest market, and climbed slightly in the USA (in local currency). On its domestic market of Austria, sales were slightly below the previous year�s level. Sales growth in all distribution channels The Wolford boutiques (proprietary and partner-operated) registered a slight sales increase in the first three months of 2008/09, based on a disproportionately strong first quarter of the previous 2007/08 fiscal year, which posted a 30.2 percent rise in sales. The Wolford Group achieved gratifying sales growth in the first quarter 2008/09 especially with department stores and multi-brand retailers. Outlook In the upcoming months, Wolford will again focus on its strategic business targets, i.e. the systematic enhancement of the Wolford brand and its sustainable positioning in the luxury segment. On the basis of the sales growth posted in the first quarter, the slight increase in firm orders for the fall/winter season 2008/09 as well as positive early feedback on the new spring/summer collection 2009, the Executive Board of the Wolford Group expects a positive development in sales and earnings for the current 2008/09 fiscal year as a whole, despite a considerably more difficult business environment. The above-mentioned information represents preliminary sales figures. The final sales figures and the company�s performance for the first quarter of the 2008/09 fiscal year will be announced on September 19, 2008. Contact: Holger Dahmen, Chief Executive Officer Peter Simma, Deputy Chief Executive Officer Investor@wolford.com Wolford AG, Wolfordstra�e 1, A-6901 Bregenz +43 (0) 5574/690-0 www.wolford.com (c)DGAP 13.08.2008 --------------------------------------------------------------------------- Language: English Issuer: Wolford AG Wolfordstra�e 1 6901 Bregenz �sterreich Phone: +43/5574/6907434 Fax: +43/5574/6907440 E-mail: investor@wolford.com Internet: www.wolford.com ISIN: AT0000834007 WKN: 83400 Indices: ATX Listed: Freiverkehr in Berlin, M�nchen, Stuttgart; Open Market in Frankfurt; Foreign Exchange(s) Wien End of News DGAP News-Service ---------------------------------------------------------------------------