Van de Velde NV

Earnings Release • Jul 5, 2012

05.07.2012 The consolidated turnover (1) of Van de Velde grows thanks to Rigby & Peller

In the first half of 2012 Van de Velde realises a consolidated turnover (1) growth of 0.9% (from m€ 97.8 to m€ 98.7).

On a comparable basis (including comparable deliveries and excluding retail turnover of Rigby & Peller UK) the consolidated turnover (1) falls by 2.8%. This turnover development can be explained as follows:

• 1. A fall in wholesale turnover by 3.0% mainly due to a decline in backorders for the second quarter of 2012.
• 1. A fall in the retail turnover of Intimacy of about 10% in local currency and 1.7% in euro.
• 1. In Europe retail turnover of Rigby & Peller (the former Oreia) grows by over 8% thanks to the opening of new stores in Germany and Spain.

The retail turnover of Rigby & Peller in the UK contributes for an amount of m£ 4.5 (m€ 5.5). This represents a growth of about 4.5% on a store-to-store basis.

The results for the first semester including an outlook for 2012 will be announced on Friday 24 August 2012.

(1) According to IFRS standards and not audited yet.

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

For more information contact:

Van de Velde NV – Lageweg 4 – 9260 Schellebelle – 09 365 2100 www.vandevelde.eu

Ignace Van Doorselaere Chief Executive Officer

Stefaan Vandamme Chief Financial Officer