Van de Velde NV

Earnings Release • Jan 4, 2012

04.01.2012

Van de Velde realizes a consolidated turnover growth of 8.2% in 2011

In 2011 the consolidated turnover (1) of Van de Velde grows by 8.2% (from m€ 166.3 to m€ 179.9). This growth figure includes the retail turnover of Intimacy (12 months in 2011 vs 8 months in 2010) and Rigby & Peller (5 months in 2011). Excluding retail turnover of Intimacy and Rigby & Peller, the organic turnover growth (1) amounts to 2.2%. The follow-up orders in December 2011 were higher than in the same period last year.

For the full year 2011, Intimacy's turnover (1) amounts to m\$ 38.4 implying a growth of 8.1% versus the same period in 2010.

The turnover indications (excluding retail turnover for Intimacy and Rigby & Peller) for the first half of 2012 tend towards a very slight growth compared to the same period in 2011.

The results for the fiscal year 2011 will be announced on Friday 17 February 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 please 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