SCHIESSER AG
ECONOMIC DATA

Company Name: SCHIESSER AG


Headquarters: Schützenstraße 18
D – 78315 Radolfzell
Postfach 15 20
D – 78305 Radolfzell


Trading Name: SCHIESSER AG trades as a company within the SCHIESSER GROUP AG which, in turn, is a subsidiary of HESTATEX in Zug/Switzerland.


Owner: Dr. Thomas Bechtler, majority shareholder


Chairman of the Board: Dr. Helmut Haller
(SCHIESSER AG Board Chairman and also Chairman of the SCHIESSER GROUP. In charge of top management, head of international marketing)






Board Members: Werner Ritzi (Commercial Activities)
Klaus Kowalski (Sales)
Lothar Brücher (Production and Logistics)


Organisational Structure: I. Division into Five Separate Business Units:
1. Business Unit Women
(Mgrs. Regine Weimar, Harald Hepperle) 2. Business Unit Men
(Mgrs. Heiko Storz,Rudolf Bündgen)
3. Business Unit Kids
(Mgrs. Gaby Hellwage, Klaus Waigand)
4. Business Unit Dessous
(Mgr. Jürgen Wollenschläger)
5. SCHIESSER Lifestyle GmbH
(Mgr. Noam Engber)

II. Central Corporate Management - Divisions:

1. Marketing
2. Production
3. Product Development
4. Purchasing


Production: Production locations worldwide


Sales/Distribution: Ten distribution companies in western and eastern Europe plus sales agents worldwide




Staff Figures: Over 4,000 employees worldwide


SCHIESSER AG in Figures: 1998 turnover:
- approx. DM 470 m (incl. licences, private labels
etc.)
- Turnover growth of approx. 4.5% against 1997

1999 Turnover:
- approx. DM 500 m (incl. licences, private labels
etc.)

Forecast:
- Profit increase by 2001 of approx. 8 %
- Company capital over 40 %
- Marketing spending is increasing:
1999: 7.5 %, 2001: 10 – 12 %
- Export share:
1999: 20 %, 2003: expected 40 %


SCHIESSER AG – Brief History: 1875: Founding of. Jacques Schiesser in Radolfzell
1913: Jacques Schiesser’s death
1916: Becomes an AG
1945: Rebuilding after 2nd World War
1967: Highest payroll of 4,155 staff in Germany. Subsequent relocation of production abroad
1997: After stagnation: successful brand and corporate relaunch

Düsseldorf, January 2000