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MEDIA RELEASE CHARLES VOGHE GROUP: BEATRICE GRUNWALD APPOINTED AS CHIEF PURCHASING OFFICER

Pfaffikon SZ,13 August 2013- The Administrative Board of Charles Vogele Holding AG has appointed Beatrice Grunwald (46} as the new Chief Purchasing Officer (CPO}. In her role as a member of the Group management, she will be responsible far Collection Development, Purchasing, including Supply Chain Management, and Merchandise Management far the Charles Vogele Group from 1 December 2013.
The 46-year old textile and apparel engineer has aver twenty years' experience as a product manager and buyer in vertical retailing. In her current capacity as a member of management, she has been responsible far Purchasing and Procurement at BiBA GmbH in Duisburg (Germany} far the past five years. During her career she has already spent twelve years working in various positions in Purchasing at Charles Vogele_ Beatrice Grunwald is a graduate of Reutlingen University. She follows Dr _ Matthias Freise, Member of the Administrative Board of Charles Vogele Holding AG, who acts as CPO ad interim until the end of September.
Hans Ziegler, President of the Board of Directors of Charles Véigele Holding AG: ''Beatrice Grunwald is an experienced fashion professional, who knows the Charles Vogele targetgroup as well as the company best. Due to her many years of practical experience she masters a wide range of purchasing,sourcing and sales
processes in the textile sector. She will optimally strengthen the Charles Véigele Group Management with her

specialist knowledge and experience."

Char les Véigele Group is one of Europe's leading vertical fashion retailers. lt offers the latest fashions at great prices to people in the prime of their lives who want to feel good. With attractively presented goods, combined with friendly, knowledgeable advice, it creates a relaxed and enjoyable shopping experience. Char les Vogele has 812 outlets in ten countries: Switzer land, Germany, Liechtenstein, the Netherlands, Belgium, Austria, Slovenia, Poland, Hungary and the Czech Republic. In 2012 the Group and its approximately 6'700 employees generated gross sales of more than CHF 1.15 billion. Char les Véigele Holding AG's shares are quoted on the SI X Swiss Exchange (securities number: 693 777}.

Disc/aimer

Ali statements in this press release that do not re/ate to historicai facts are statements concerning the future that in no way offer a guarantee of future performance; they incorporate risks and uncertainties inc/uding, but not limited to, future global economie conditions, exchange rates, legai requirements, market conditions, activities of competitors and other factors that are outside the company's contro/.

Media contact:

Nicole Borei-Schéiwel, Vice President Communications

Gwattstrasse 15, 8808 Pfaffikon SZ Tel.: +4155 416 74 02

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Fax: +41 55 410 12 82
Email: nicole.borel@cha rles-voegele.com

Financial calendar:

20 August 2013: Media and Analysts Conference,half-year financial statement 2013
08 April2014: Media and Analysts Conference, annual financial statement 2013
20 May 2014: Ordinary Generai Meeting

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