EANS-News: Derby Cycle AG: Change in the Supervisory Board

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Company Information

Cloppenburg (euro adhoc) - September 16, 2011 - Derby Cycle AG (ISIN
DE000A1H6HN1) has announced a change in its Supervisory Board. Dr.
Robert Hennigs, deputy chairman of the Supervisory Board of Derby
Cycle AG, informed the company today that he will step down from his
position effective by the end of today. The chairman of the
Supervisory Board has agreed to accept the departure of Dr. Hennigs.
Furthermore, the departure of Dr. Hennigs takes place in mutual
agreement with the Executive Board and Supervisory Board.

Successor of Dr. Hennigs as member of the Supervisory Board is Gerold
Heinen. Mr. Heinen was appointed substitute member for Dr. Hennigs at
the extraordinary General Meeting of Derby Cycle AG on December 10,
2010. He will take Dr. Hennigs´ place on the Supervisory Board
effective by September 17, 2011. His term of office, in accordance
with the articles of association, ends with the Annual General
Meeting that decides on the ratification of the actions for the
2014/15 financial year - unless a new Supervisory Board member is
elected at the next Annual General Meeting by a three-quarters
majority.

Next to his function on the Supervisory Board of Derby Cycle AG,
which has now ended, Dr. Hennigs is CEO of Finatem Fonds Management
Verwaltungs GmbH. On September 7, 2011, Finatem informed the company
by voting rights notification that it had reduced its participation
in Derby Cycle on September 2, 2011 from 10% to 0%. Dr. Hennigs had
been a member of the Supervisory Board since December 10, 2010. From
October 2005 until the IPO of Derby Cycle, he was a member of the
advisory board of the company. During that time, he contributed to
the success of the company in a significant way. The Executive Board
and Supervisory Board of Derby Cycle AG wish to thank Dr. Hennigs for
his trustworthy cooperation.

Company profile: Derby Cycle is Germany's largest bicycle
manufacturer in terms of revenues, and one of the leading
manufacturers in Europe. In particular, global demand growth for
high-quality electric and sports bicycles, as well as the company's
advancing internationalisation in all European volume markets, are
reflected in the company's dynamic growth. Derby Cycle's product
range comprises electric bicycles, sports bicycles for leisure and
competition purposes, as well as comfort bikes for everyday and
travel use. These bicycles are sold through the established Kalkhoff,
Focus, Raleigh, Univega and Rixe brands. All models are developed and
assembled at the company's base in Cloppenburg, Germany. These
high-quality products are distributed through specialist retailers
who provide their customers with professional advice and extensive
service.

With around 550 employees, Derby Cycle achieved revenue of EUR 173
million in the 2009/2010 financial year, 72.6 percent of which was
generated in Germany, and 27.4 percent abroad. Earnings before
interest and tax (EBIT) amounted to approximately EUR 12 million.
Derby Cycle sold a total of around 430,000 bicycles, of which 44,000
comprised e-bikes. As a consequence, Derby Cycle has asserted a
position of clear market leadership in 2010 with a 20 percent market
share. The company forecasts revenues of EUR 220 million to 240
million, and an EBIT margin of 8 to 9 percent (2009/10: 7.0 percent)
for the 2010/11 financial year that ends on September 30, 2011.

Further information is available at: www.derby-cycle.com

Further inquiry note:
cometis AG
Unter den Eichen 7
65195 Wiesbaden
www.cometis.de

Dominic Großmann / Tobias Eberle
Telefon: +49 (0)611-20 58 55-15
E-Mail: grossmann@cometis.de

end of announcement euro adhoc
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company: Derby Cycle AG
Siemensstr. 1-3
D-49661 Cloppenburg
phone: +49-4471-966-238
FAX: +49-4471-966-44820
mail: u.boegershausen@derby-cycle.de
WWW: http://www.derby-cycle.de
sector: Consumer Goods
ISIN: DE000A1H6HN1
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English