CHARLES VGELE SIGNS ACCORD FOR SAFETY IN FACTORIES IN BANGLADESH

MEDIA RELEASE

CHARLES VGELE SIGNS ACCORD FOR SAFETY IN FACTORIES IN BANGLADESH

Pfffikon SZ, 17 May 2013 - Charles Vgele supports the Accord on Fire and
Building Safety in Bangladesh and is signing this Accord. Charles Vgele has
communicated this binding commitment to the IndustriAll Global Union and it
can already be seen on its Homepage using the following link:
http://www.industriall-union.org/we-made-it-global-breakthrough-as-retail-brands-sign-up-to-bangladesh-factory-safety-deal.

Charles Vgele is of the view that the safety conditions in Bangladesh can only
be improved in a sustainable and effective way with a widely supported
industry solution. The initiative (Accord on Fire and Building Safety in
Bangladesh) of the IndustriAll Global Union and the trade union congress UNI
Global Union for Bangladesh fulfills this condition.

In the concept "Joint Memorandum of Understanding on Fire and Building Safety"
initiated by the "Erklrung von Bern", which was submitted to Charles Vgele in
March 2013 this aspect was not guaranteed, whereupon Charles Vgele declined to
sign that agreement.

The Charles Vgele Group is one of Europe's leading vertical fashion retailers.
It offers on-trend, reasonably-priced and comfortable fashions to people in
their middle years. The attractive presentation of the clothing combined with
sympathetic and expert advise create a relaxed and enjoyable purchasing
experience. Charles Vgele has 812 sales outlets in ten countries: Switzerland,
Germany, Liechtenstein, Netherlands, Belgium, Austria, Slovenia, Poland,
Hungary and the Czech Republic. In 2012 the Group generated gross sales of CHF
1,15 billion and employed around 6,740 people. Shares in Charles Vgele Holding
AG are quoted on the SIX Swiss Exchange (security no. 693 777).

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