EDOB Abwicklungs AG
ESCADA AG english

ESCADA to convert preferred stock to common stock Ad-hoc-announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– ESCADA to convert preferred stock to common stock Aschheim/Munich, July 17, 2002 – ESCADA AG is going to convert its nonvoting preferred stock to voting common stock. A decision to this effect by the Board of Management has been approved by the Supervisory Board. This step is consistent with the company’s strategy of orienting itself systematically to the capital market. The Board of Management anticipates that the ESCADA stock will be more attractive to a broader set of investors due to the incremental free float and liquidity. The conversion will be on a one-for-one basis. ESCADA shareholders will have to ratify the measure at a special shareholders’ meeting, which will be held on September 18, 2002 in Munich. For more information: Financial Press: Investor Relations: Frank Elsner Kommunikation für Unternehmen GmbH Viona Brandt Phone: +49 – 5404 – 91 92 0 Phone: +49 – 89 – 99 44 1336 Fax: +49 – 5404 – 91 92 29 Fax: +49 – 89 – 99 44 1500 Cell Phone: +49 – 170 – 48 15 181 Viona.Brandt@de.ESCADA.com Mail: info@elsner-kommunikation.de end of ad-hoc-announcement (c)DGAP 17.07.2002 ——————————————————————————– WKN: 569210; ISIN: DE0005692107; Index: MDAX Listed: Amtlicher Markt in Berlin, Frankfurt und München; Geregelter Markt in Bremen; Freiverkehr in Düsseldorf, Hamburg und Stuttgart 172052 Jul 02