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Mecox Lane Announces Dismissal of Class Action Lawsuit



Mecox Lane Announces Dismissal of Class Action Lawsuit

SHANGHAI, China, Dec. 3, 2012 (GLOBE NEWSWIRE) -- Mecox Lane Limited ("Mecox
Lane" or the "Company") (Nasdaq:MCOX), which operates one of China's leading
online platforms for apparel and accessories, announced today that the
previous judgment of the United States District Court for the Southern
District of New York to dismiss a class action lawsuit filed against the
Company and several of its officers and directors was affirmed by the United
States Court of Appeals for the Second Circuit.

On November 29, 2012, in the case of Westend Group v. Mecox Lane Limited, et
al., No. 12-1326-cv, the Court of Appeals affirmed, by a summary order of a
three-judge panel, Mecox Lane's victory in District Court, where the
plaintiff's claims under Section 11 of the Securities Act, along with
derivative claims under Section 15 of the Securities Act, were dismissed
without prejudice. The Court of Appeals held, as the District Court had
previously held, that the plaintiff had failed to state a Section 11 claim
upon which relief could be granted. The Company is allowed to file a record of
all allowable costs incurred to be paid by plaintiff. The Company intends to
do so.

About Mecox Lane Limited

Mecox Lane Limited (Nasdaq:MCOX) operates one of China's leading online
platforms for apparel and accessories as measured by revenues in 2011. The
Company offers a wide selection of fashion products through its www.m18.com
e-commerce website and physical store network. Product offerings include
apparel and accessories, home products, beauty and healthcare products and
other products, under the Company's own proprietary brands, such as Euromoda
and Rampage, as well as other selected third-party brands, including
established international and Chinese brands in addition to independent and
emerging brands. For more information on Mecox Lane, please visit
http://ir.m18.com.

The Mecox Lane Limited logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=11140

CONTACT: For investor and media inquiries please contact:

         In China:
        
         Phili Xu
         Mecox Lane Limited
         Tel: +86-21-6495-0500 or +86-21-5464-9900 Ext. 8161
         Email: ir@m18.com
        
         Nicholas Manganaro
         Ogilvy Financial, Beijing
         Tel: +86-10-8520-3073
         Email: mcox@ogilvy.com
        
         In the U.S.:
        
         Jessica Barist Cohen
         Ogilvy Financial, New York
         Tel: +1-646-460-9989
         Email: mcox@ogilvy.com

Mecox Lane Limited Logo
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