Van de Velde NV

Earnings Release • Jan 9, 2017

09.01.2017 –Press release

Despite tough retail climate and Brexit-effect, annual turnover of Van de Velde remains stable.

On a like-for-like basis (including comparable season deliveries) consolidated turnover remains stable at €206.7m (turnover grows by 1.2% at constant exchange rates).

Reported consolidated turnover (1) of Van de Velde in fiscal year 2016 declines by 1.1% (from €209.0m to €206.6m) (turnover is stable at constant exchange rates).

This turnover evolution consists of the following components:

• Wholesale turnover grows by 3.4%.
• Retail turnover on a like-for-like basis at constant exchange rates increases by 3.5% in Europa and declines by 20.2% in the US.

The full results for the fiscal year 2016 will be announced and commented on Monday 20 February 2017.

(1) Drawn up in accordance with IFRS and not yet audited.

Van de Velde NV is a leading player in the luxury and fashionable women's lingerie sector. Van de Velde is convinced of the merits of a long-term strategy based on developing and expanding brands around the "Lingerie Styling" concept (fit, style and fashion), especially in Europe and North

For more information, please contact:

Van de Velde NV 09 365 21 00 www.vandevelde.eu Bart Rabaey Consulting VOF, always represented by Bart Rabaey CFO CEO

Positron BVBA, always represented by Erwin Van Laethem