Montaigne Fashion Group SA Announces Capital Increase and Consequences on Shareholding Structure

Montaigne Fashion Group SA announced that 7,925,926 new shares issued on December 7, 2010 will be listed on the NYSE Euronext Paris stock exchange on April 10, 2012. The shares, of a nominal value of EUR 0.10, have been issued at a price of EUR 0.27 per share, raising a total gross amount of EUR 2,140,000.02. The share capital of the Company was increased from EUR 1,992,540.20 to EUR 2,785,132.80. As a result of the capital increase, Jekiti Mar Capital became the new shareholder of reference of the Company with a stake of 19.15% of the share capital and 18.91% of the voting rights. Jekiti Mar Capital did not previously own any shares of Montaigne Fashion Group SA. Also, the stake held by Krief Group decreased from 15.21% to 10.88% of the share capital and Askell-Concord Express (now Descamps New World) increased its stake to 7.58% of the share capital of the Company.