Maus Frères completes the offer for shares in Gant

Maus Frères S.A. (“Maus Frères”) announces that its offer of SEK 310 cash per share (the “Offer”) for all the shares in Gant Company AB (publ) (“Gant”), through its wholly owned subsidiary Procastor S.A. (“Procastor”), expired at 5.00 pm Central European Time on Friday 11th January 2008. The Offer is declared unconditional and will not be extended.

The acceptance level for the Offer is well above 30 percent, including the 29.9 percent of the shares and votes in Gant previously bought in the market. Maus Frères confirms that there will not be an extension of the Offer and that the Offer is declared unconditional. The number of shares tendered in the Offer, as well as the total number of shares and votes in Gant owned by Maus Frères, will be announced as soon as the number of tendered shares has been calculated.

Maus Frères reserves the right to acquire additional Gant shares in the future in the market.

On 10th January 2008, Maus Frères waived the 50 percent acceptance level condition for the Offer. All other conditions for the completion of the Offer have been met. Accordingly, the Offer is declared unconditional.

Settlement is expected to begin on 22nd January 2008.

Procastor S.A.
The Board of Directors

Maus Frères S.A.
The Board of Directors