Eurobike AG
Ad hoc-Service: Eurobike AG

Ad-hoc announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. —————————————————————————— Ad-hoc release Eurobike proposes dividend of DEM 0.50 per share for fiscal 1999/2000 Düsseldorf, February 5, 2001. At its Annual General Meeting, Eurobike AG, Düsseldorf, will propose payment of a dividend of DEM 0.50 (previous year: 1.20) per share from the net profit of DEM 4,351,159 (fiscal 1998/99: 12,967,210) generated in fiscal 1999/2000 (ended September 30). In addition to the dividend, German shareholders will receive a tax credit equalling three seventh of the dividend paid per share. The Annual General Meeting will be held on March 26, 2001 in Düsseldorf. The decline in profit in fiscal 1999/2000 is mainly due to the loss situation at the Schuh wholesale subsidiary. “We have nevertheless decided to propose payment of a dividend as a sign to our shareholders that Eurobike AG has set the course for future profitability through restructuring measures in the past fiscal year and is well positioned to continue the profit development of the past years,” said Herbert Will, Chairman of the Management Board. As already announced, Eurobike AGs Group sales topped the DEM 500 million mark for the first time in fiscal 1999/2000. Group sales increased 24.6% to DEM 525.9 (422.2) million. Another significant two-digit growth rate, which was due to strong retail sales both in Germany – especially at Polo – and abroad – mainly at Hein Gericke in Great Britain. In addition, the first-time full-year consolidation of the US subsidiary Intersport Fashions West, Inc. contributed to the good growth rate. Wholesale revenues at Schuh, in contrast, declined by one third and adjusted for one-off sales to a cooperation partner by approx. 60%. This was only partly compensated for by the pro rata consolidation of DIFI Dierk Filmer GmbH acquired on July 1, 2000. Ends End of Message