The Bank of New York Appointed by Escada AG as Depositary Bank

Headquartered in Munich, Germany, Escada is an internationalluxury fashion group in women's designer fashion. Founded in 1976,Escada today has 480 locations in 60 countries. The company producesand sells women's fashions and accessories. Fragrances, eyewear,scarves, ties, and kids wear from licensed partners are also soldunder the Escada brand.

Wolfgang Ley, chief executive officer of Escada, said, "We areproud to be working with The Bank of New York on our ADR program,making our shares more available to U.S. investors. With a marketpresence in the U.S. fashion industry and an international investorbase, the ADRs can only serve to increase Escada's visibility in theU.S. market."

Christopher Sturdy, managing director and head of The Bank of NewYork's Depositary Receipt Division, said, "We are pleased to beworking with Escada to broaden its exposure in the U.S. ADR programscan significantly help non-U.S. companies secure access to the U.S.capital markets and greater worldwide brand recognition. We lookforward to putting our industry-leading services to work on Escada'sbehalf."

The Bank of New York sponsors more than 1,190 American and globaldepositary receipt programs, a 64% market share, acting in partnershipwith leading companies from 60 countries. With an unrivalledcommitment to helping securities issuers succeed in the world'srapidly evolving financial markets, the Bank delivers the industry'smost comprehensive suite of integrated depositary receipt, corporatetrust and stock transfer services. Additional information is availableat http://www.adrbny.com/.

The Bank of New York Company, Inc. (NYSE: BK) is a global leaderin providing a comprehensive array of services that enableinstitutions and individuals to move and manage their financial assetsin more than 100 markets worldwide. The Company has a long traditionof collaborating with clients to deliver innovative solutions throughits core competencies: securities servicing, treasury management,investment management, and individual & regional banking services. TheCompany's extensive global client base includes a broad range ofleading financial institutions, corporations, government entities,endowments and foundations. Its principal subsidiary, The Bank of NewYork, founded in 1784, is the oldest bank in the United States and hasconsistently played a prominent role in the evolution of financialmarkets worldwide. Additional information is available athttp://www.bankofny.com/.

The Bank of New York provides no advice nor recommendation orendorsement with respect to any company or security. Nothing hereinshall be deemed to constitute an offer or solicitation of an offer tobuy or sell securities.