Tender offer for DOUGLAS HOLDING AG: 96.11 percent of shares attained

Tender offer for DOUGLAS HOLDING AG: Frankfurt am Main, 2 January 2013 – The DOUGLAS founding family Kreke and Advent International today announced the result of the voluntary public tender offer for DOUGLAS HOLDING AG after the expiry of the additional acceptance period. During the additional acceptance period, which ended on 21 December 2012, 456,972 shares were tendered to Beauty Holding Three AG, a holding company indirectly held in part by funds advised by Advent International and in part by the Kreke family.

Together with the shares tendered in the acceptance period totaling 79.84 percent and the 12.73 percent shareholding acquired from Lobelia Beteiligungs GmbH (the Kreke family), this makes up a total shareholding of 93.73 percent. In addition, Beauty Holding Three AG made share purchases outside the tender offer totaling a further 2.38 percent and has thus acquired 96.11 percent of all shares.

Tender offer for DOUGLAS HOLDING AG

DOUGLAS shareholders who have tendered their shares during the additional acceptance period are expected to receive payment of the offer price of EUR 38 per share on 9 January 2013.

As already announced, at 95 percent, Beauty Holding Three AG has reached the size of shareholding needed to make a request for a squeeze-out of the remaining  shareholders in DOUGLAS HOLDING AG in accordance with the provisions of the German Securities Acquisition and Takeover Act (WpÜG). DOUGLAS shareholders who have not accepted the tender offer by 21 December 2012 can therefore tender their shares for the price of EUR 38 per share in cash during a further tender period ending at midnight CET on 20 March 2013. Further details of this further tender period can be obtained from the offer document and the announcement published on 20 December 2012.

Ranjan Sen, General Manager of Advent International GmbH in Frankfurt: “We are delighted that the offer has received such a positive response, in particular during the additional acceptance period. Advent International and the Kreke family will now jointly evaluate the resulting options and further promote the development of the DOUGLAS Group.”

Dr. Jörn Kreke, founder and Chairman of the Supervisory Board of DOUGLAS HOLDING AG, adds: “We are very pleased about the clear result and the high acceptance of our offer. In Advent International, we have a strong partner at our side. With a stable ownership structure, we will now jointly carry forward the success story of the group and strengthen and expand the market position of the DOUGLAS Group.”

[Text/Logo: Advent International]