Van de Velde NV

Earnings Release • Jan 7, 2013

07.01.2013

The consolidated turnover (1) of Van de Velde grows by 0.9%

In 2012 Van de Velde realises a consolidated turnover (1) growth of 0.9% (from m€ 179.8 to m€ 181.4).

This turnover development can be explained as follows:

• 1. A fall in wholesale turnover by 1.2%. This fall is mainly due to a decline in the first half of 2012, wholesale turnover increased by 0.7% in the second half.
• 1. A fall in the retail turnover of Intimacy of about 12% in local currency and 5% in euro.
• 1. In Continental Europe retail turnover of Rigby & Peller (the former Oreia) grows by 7% thanks to the opening of new stores in Germany and Spain.
• 1. The retail turnover of Rigby & Peller in the UK contributes for an amount of m£ 9.2 (m€ 11.3) versus m€ 4.4 in 2011 (5 months).

The results for the fiscal year 2012 will be announced on Monday 25 February 2013.

(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