Gabriel Holding — Earnings Release 2009

Dec 17, 2009

Message number 14/2009 Date: 2009-12-17

Stock Exchange and Press Release

Gabriel Holding A/S

Information at today's general meeting on management's expectations for earnings.

It will be advised at the general meeting of Gabriel Holding A/S at 2 p.m. today that the operating profit (EBIT) for October and November was DKK 3.3 million (unaudited).

Similar EBIT results of DKK 2 million were achieved for all of 2008/09.

The results for the first two months of the financial year support management's expectations of results for the whole year, which are better than the results for 2008/09.

Uncertainty about the development in world trade will of course continue to prevail. The management of Gabriel Holding A/S is, however, convinced that the company has not lost any market shares during the crisis – on the contrary. In addition, the organisational changes which have already been implemented with a considerable reduction in cost levels will enable continued positive operating results.

This is a translation of the original Danish text. In the event of discrepancies between the Danish and English texts, the Danish version shall prevail.