MANAGEMENT TEAM. Juan Carlos Escribano CHIEF EXECUTIVE OFFICER

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1 PRESS DOSSIER

2 grupo cortefiel Grupo Cortefiel is one of the main European, fashion retail companies in the specialty chain category. The Group, established in Spain since 1880, is present in *57 countries worldwide operating through a network of *1,593 points of sales across its principal chains: Cortefiel, Pedro del Hierro, Springfield and Women secret. At the close of 2009, Business volume rose to * 955 million. Each chain has its own team of designers, commercial structure and management team and maintains a customer based focus. However, with the aim of creating the most effective business model, other general services are centralized and shared by all brand commercial units, such as administration, finance, technology, expansion and sourcing, operations, human resources and others corporate units of relevance. Distribution is handled through a network of logistics centres, centralized in the new Aranjuez platform and Grupo Cortefiel s international sales offices in Spain, Hong Kong and India. The Group s geographic expansion is carried out through direct operated stores or through franchising. In Europe direct management is the main model, with franchising proving the driving force of international expansion further afield. *Data as of February 2010

3 MANAGEMENT TEAM Anselm van den Auwelant Non-EXECUTIVE PRESIDENT He joined Grupo Cortefiel in In 2005 he was named Group Managing Director and in 2009 was appointed Non- Executive President. Juan Carlos Escribano CHIEF EXECUTIVE OFFICER He joined the company in 2003 initially appointed as General Manager of Springfield, and in May 2009 he was named Group Chief Executive Officer. Ezequel Szafir GROUP MANAGING DIRECTOR He joined Grupo Cortefiel in June 2009 coming from Deloitte, where as partner he specialized in providing support to European retail companies.

4 HISTORY Springfield launches on line store Change of ownership. Entrance of MEP and MBO International Expansion WOMEN SECRET is born PEDRO DEL HIERRO is acquired SPRINGFIELD is born. First International Stores MILANO is born Group Structure. Dress-Making Manufactures CORTEFIEL brand is born Suits Factory Mass Shirt Factory Small Family Business

5 POINTS OF SALE LOCALICATION MAPS Europe 1318 America 78 Middle East & Africa 144 Asia & Australia 53 1,593 points of sale in 57 countries *Data as of February 2010

6 POINTS OF SALE EUROPE 1,318 points of sale in 28 countries Direct Operated CTF PdH SPF WS FF Total Spain Belgium Portugal France Germany Hungary The Netherlands Austria 4 4 Poland Luxembourg 4 4 TOTAL Direct Operated Franchise CTF SPF WS Total Albania 1 1 Andorra Greece 1 1 Cyprus Serbia Malta Bosnia 5 5 Montenegro 2 2 Russia Belarus 1 1 Kazakhstan Poland 2 2 Romania Croatia 8 8 Ukraine Macedonia 2 2 Czech Republic Slovakia Total Franchise Total direct operated + Franchise CTF PdH SPF WS FF Total *Data as of February 2010

7 POINTS OF SALE MIDDLE EAST & AFRICA 144 points of sale in 14 countries CTF PdH SPF WS Total Argelia 1 1 Bahrain 1 1 Jordan Morocco Kuwait Lebanon Saudi Arabia Arab Emirates Egypt Qatar Israel Azerbaijan 1 1 South Africa 2 2 Syria Total *Data as of February 2010

8 POINTS OF SALE América 78 points of sale in 9 countries CTF SPF WS Total Aruba 1 1 Colombia 4 4 Dominican Republic 1 1 Mexico Venezuela 5 5 Chile 8 8 Panama 1 1 Bermudas 1 1 Peru 5 5 Total *Data as of February 2010

9 POINTS OF SALE Asia & AUSTRALIA 53 points of sale in 6 countries CTF SPF WS Total Australia 2 2 Singapore Taiwan 7 7 Malaysia South Korea Philippines Total *Data as of February 2010

10 cortefiel Cortefiel goes years creating fashion. Since its beginnings it has sought out an own style based on the elegance, on the quality an especially, in the comfort of his articles. Today, Cortefiel is a reference point for Spanish retail market. It is a brand very consolidated and with many reputation. Key Information Established 1946 Points of sale 360 Countries 19 Turnover million % of the Group s total turnover 37%

11 Presence and points of sale Cortefiel chain Franchise CTF Syria 2 Poland 2 Jordan 1 Morocco 2 Cyprus 5 Serbia 2 Lebanon 3 Saudi Arabia 7 Arab Emirates 4 Egypt 2 Malaysia 2 Romania 1 Slovakia 1 Mexico 6 Czech Republic 2 Total Franchises CTF 42 Direct Operated CTF Spain 261 Belgium 6 Portugal 38 France 13 Total Direct Operated CTF 318 Projects and initiatives Agreement between the Pedro del Hierro brand and the Royal Spanish Football Federation Pedro del Hierro s made to measure tailoring area closed an agreement to dress the Spanish National Football Team, as an official collaborator of the Federation. The PdH design team excitedly and passionately worked on the project for a number of months, creating a suit with a total look which combines comfort, versatility and exclusivity in its design. Launch of PdH Glasses for Cortefiel Man and Woman During 2009, the Cortefiel and PdH product range was broadened with a new line of fashion sunglasses for man and woman. With the personality of each brand, they offer a harmonious - combination of quality and design, using innovative lines and material, always with the aim of strengthening the fashion image of each brand. Launch of the Cortefiel Home wear line: Relax at Home During 2009 we also began the launch of the Relax at Home line of products for man fashion for men to dress comfortably and informally at home, which has been in great demand in recent years.

12 Pedro del hierro The brand Pedro del Hierro started its international adventure in the spring - summer 2007, with new store openings in Occidental Europe, Eastern Europe, Middle East and Asia. This expansion develops in direct operated stores and across franchises, a formula of expansion already developed for other brands of Grupo Cortefiel, but new for the brand Pedro del Hierro. Key Information Year of incorporation into the Group 1989 Points of sale 22 Countries 4

13 Presence and points of sale Pedro del Hierro Direct Operated PdH Spain 19 Franchise PdH Lebanon 1 Saudi Arabia 1 Arab Emirates 1 Total Franchise PdH 3 Total PdH 22 Projects and initiatives Launch of PdH Haute Couture Strengthening the current occasion wear dress collection, a new collection of exclusive designs has been launched which positions the brand within the haute couture segment. Launch of the new jewellery line In 2009, the Pedro del Hierro brand has created a new jewellery line. Focused on the young, modern woman, this accessories line has been designed using materials such as semi-precious stones, coloured resins and high-end Swarovski crystals. In order to launch the new collections, the brand has opted to include an extensive range of rings to match each season s designs. Introduction of a New Collection of leather bags 2009 also saw the launch of leather bag collections in Pedro del Hierro. The mini bag in various versions and materials has become a classic element for the brand. The new line, unveiled in 2009, offers bags crafted with the best quality materials, which combine patent, calf and goat leather, embossed cowhide or metallic pieces. PdH Sport Woman During 2009, the Pedro del Hierro brand has worked intensely on preparations for the launch of the new PdH sport woman collection, geared towards the young, urban, sophisticated woman. The creation of this new sport line is a sales strategy which strengthens the brand s position in the fashion world.

14 SPRINGFIELD Key Information Established 1988 Points of sale 693 Countries 40 Turnover million % of the Group s total turnover 39% It began its international expansion in 1992 through the franchise model. It is currently a leader in young mens fashion in Spain, while consolidating its position in Europe. It caters for young urban men and women between years of age with a cosmopolitan spirit. There are already more than 3 million loyalty card members. Principal lines: casual-wear and accessories.

15 Projects and initiatives Launch Springfield Shop Online This Springfield s new project, the Group reinforces his bet for the ecommerce, an ambitious project and simultaneously key for the future strategy of the brand in the electronic commerce. Launch of Springfield in Australia Springfield launched in the Australian market with its first store in Melbourne. The arrival of Springfield in Australia has allowed the fashion brand s presence to be consolidated in the most important international markets. Co-branding campaign with Pepsi Springfield has developed a co-marketing campaign with Pepsi. The refreshments brand offered the chance to earn discounts on Springfield clothing. The campaign was very successful both in terms of sales and media coverage. Launch of the new fragrance for woman Led by Grupo Puig, Springfield launched SPF WOMAN, the first fragrance for the urban, young, free and daring woman. Launch of SPF Sofing With the launch of this new clothing line for man, Springfield offers a modern and comfortable fashion alternative for staying at home and the occasional venture outside.

16 WOMEN SECRET Key Information Established 1993 Points of sale 496 Countries 44 Turnover million % of the Group s total turnover 18% Leader in retail market in Spain. Target: woman between years of age. It initiated his international expansion in the year 2001, and today more than the half of his shops they are abroad. 4 principal lines: underwear, sleepwear swimwear and accessories.

17 Projects and initiatives The launch of the CHELSEA street collection The chain launched its new Chelsea collection. A line of street fashion; feminine and comfortable, adapted to the latest tendencies. Launch of the JUMP collection Women secret presented its new JUMP Collection in March a line of sports fashion especially for exercise. This collection also includes accessories such as gym bags, sponge bags, purses and training shoes. Launch of the WITH CHILD maternity collection In June 2009, women secret unveiled its new With Child online collection for pregnant women and new mums. Launch of the SUNGLASSES line In May 2009, women secret previewed its first sunglasses collection. The chain endeavoured to begin selling this type of accessory, by designing a new summer sunglasses line with a wide variety of shapes and colours. Launch of the JEWELLERY AND SCARVES collection Women secret decided to launch the first collection of jewellery and scarves, the launch of which took place in This new accessories line, of exclusive design of the utmost quality, offers solutions to the needs of female customers. Launch of the W EAU SUNSET perfume In 2009, Women secret previewed its new fragrance w eau sunset, the new eau de toilette within the w eau range which was created by the chain in 2008.

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