(06/07/2006) VAN DE VELDE : 11,6% GROWTH IN TURNOVER IN FIRST HALF OF 2006

The consolidated turnover drawn up in accordance with IFRS rules rose in the first half year from 56,9 million euros in 2005 to 63,5 million euros in 2006. Turnover per region breaks down as follows:

Zone	Turnover in ?m	Evolution in %	Share in %
Euro zone	50,8	+ 10	80
Non Euro zone	12,7	+ 20	20
Total	63,5	+ 12	100

In accordance with International Financial Reporting Standards (IFRS) the cash discounts granted to customers, were deducted from the sales figures. As a result the turnover of 2005 and 2006 has been reduced by 1 million euros and 1,1 million euros respectively. The increase in turnover for the first half year was exceptionally well. Furthermore, the increase is situated in all markets and for all brands. The biggest success was realised with Marie Jo. In the non Euro zone the growth rate is twice as high as in the Euro zone. The commercial efforts made in this region, are beginning to pay off . The success is primarily due to the good response to the new collections and the related commercial dynamics. Van de Velde projects long-term growth of 5-6% per year. That means that current growth is ahead of schedule. In the second half of the year the increase in turnover should be in line with the long-term growth. Turnover per brand breaks down as follows:

Brand	Turnover in ?m	Evolution in %	Share in %
Marie Jo	35,5	+13	56
PrimaDonna	27,6	+11	43
Others	0,4		1
Total	63,5	+ 10	100

The financial results will be announced on the morning of Wednesday 20 September 2006. The press release will be followed by a press and analysts meeting. Van de Velde NV is market leader in the luxury and fashionable lingerie sector in the Benelux and a top three player on most other EU country markets. In the United States and Southeast Asia Van de Velde NV adopts a policy of controlled presence. For more information: Van de Velde NV - Lageweg 4 - 9260 Schellebelle Ignace Van Doorselaere (chairman Executive Committee) -Tel. 09/365.79.45 Luc Markey (financial director) - Tel. 09/365.21.10 www.mariejo.com © CompanynewsGroup