BoConcept Holding
Company Announcement

BoConcept announces downward adjustment of forecast, cost-cutting measures and
organisational restructuring

Disappointing order intake in southern Europe and France in the fourth quarter
of 2012/2013 leads to downward adjustment of BoConcept's revenue and profit
forecast for the 2012/2013 financial year. To improve profitability, costs have
been adjusted at group level by cutting capacity costs by DKK 20 million for
the full year. Accordingly, the responsibilities discharged by the executive
board members will be consolidated, and as a result, Troels Dyrup Petersen will
resign as Chief Operating Officer of BoConcept Holding.

Herning, Denmark, 2013-05-08 09:50 CEST (GLOBE NEWSWIRE) -- Owing to the
difficult trading conditions that European retailers are still forced to
contend with, orders to BoConcept's franchise chain did not live up to
expectations in the fourth quarter of 2012/2013. Developments in France were
especially...