GERRY WEBER International AGInterim report Q2 2008/2009

Report on the six-month period ended 30 April 2009

WKN: 330 410ISIN: DE0003304101

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The share

The GERRY WEBER share outperformed the DAX, the MDAX and the SDAX in the first six months of 2008/2009. In a capital market that was clearly dominated by the global financial crisis, the share left the three indices far behind during the whole period. While the German benchmark index, the DAX, lost 4.4 percent in the first half of 2008/2009, the MDAX gained 1.1 percent.The small-caps index, the SDAX, lost 0.2 percent. Gaining 13.1 percent, the GERRY WEBER share clearly outperformed all three benchmark indices.

The fact that the GERRY WEBER share was able to isolate itself from the negative stock market trend in the first half of 2008/2009 is attributable to both the company’s excellent operating performance and the stock repurchase programme, which was implemented via the stock exchange between Sep-tember 2008 and 10 February 2009 and additionally supported the share price. The downward trend in the capital markets, which was accelerated by the downturn in the world economy, was halted only in mid-Q2 2008/2009. An improved macroeconomic outlook triggered an upward trend in the finan-cial markets from mid-March 2009, supporting the GERRY WEBER share in a clearly less volatile environment.

The GERRY WEBER share opened the current fiscalyear at EUR 14.31 on 31 October 2008 (all prices are Xetra closing prices). This price was the lowest in the reporting period. The highest price in the six-month period was quoted on 30 December 2008 at EUR 20.60. The share closed the reporting period at a price of EUR 16.19 on 30 April 2009.

The stock repurchase programme launched in Sep-tember 2008 was terminated on 10 February 2009 due to the high bureaucratic effort involved. Instead of the programme, GERRY WEBER International AG made a public offering to all shareholders, whose accep-tance period ended on 4 March 2009. In the context of the voluntary public offering, the company acquired a total of 1,438,282 own shares. GERRY WEBERInternational AG now holds a total of 2,291,132, own shares, which represent approximately 9.98 percent of the share capital.

At the Annual General Meeting on 3 June 2009, which officially forms part of the third quarter 2008/2009, a large majority of the shareholders approved the Management Board‘s dividend proposal of EUR 0.75per share. This is equivalent to an increase of 50 percent or EUR 0.25 against the previous year and represents a payout volume of EUR 15.5 million. This was the highest regular dividend in the history of the company and gave shareholders an appro-priate share in the excellent earnings performance

of GERRY WEBER International AG. Based on the share price of EUR 17.68 on the day of the Annual General Meeting, the dividend yield amounted to 4.2 percent.

Figures of the first six months of 2008/2009 (to IFRS; in EUR million, unless otherwise indicated)

2008/2009 2007/2008Sales revenues 292.3 268.5EBITDA 35.4 31.7EBITDA margin 12.1% 11.8%EBIT 29.5 26.0EBIT margin 10.1% 9.7%EBT 27.0 23.1EBT margin 9.2% 8.6%Net profit 18.6 15.9DVFA result per share in EUR 0.86 0.69Gross cash flow 32.9 28.9Fixed asset investments 8.0 8.3Headcount on 30 April 2,415 2,166

Interim management report for the six-month period ended 30 April 2009 and the second quarter of 2008/2009

Business performance

The world economy is currently in the deepest reces-sion since the end of World War II. What started as a financial market crisis has spread to the real economy and is affecting all major industrialised nations. In spite of expansive monetary and fiscalmeasures taken across the globe, the situation has deteriorated in most countries over the past quarters.

Due to the slump in foreign trade, the export-driven German economy has been hit harder by the crisis than most other advanced economies. According to the Federal Statistical Office, the downward trend in Germany’s aggregate economic output accelerated in the first quarter of 2009. Adjusted for price and sea-sonal effects as well as for the number of working days, Germany’s first-quarter 2009 gross domesticproduct (GDP) was down 3.8 percent on the fourth quarter of 2008. This means that GDP declined in quarter-on-quarter terms for the fourth consecutive time. At the same time, this was the strongest drop ever recorded since the beginning of the computa-tion of the official quarterly results in 1970. Real GDP was down by 6.7 percent on the first quarter of 2008. Adjusted for the number of working days, gross domestic output declined by 6.9 percent. Both net exports and capital spending had an adverse impact on GDP. A moderate increase was reported only in private and government spending (source: Federal Statistical Office).

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The economic crisis is having an increasingly adverse impact on the fashion industry. According to the textil + mode industry association, the German clothing sector reported a 10.1 percent decline in sales in January and February 2009. Exports showed a particularly negative trend. Incoming orders also dropped sharply. In January and February 2009, orders in the German clothing sector were down by 36.9 percent on the previous year, which is prima-rily attributable to continued weak demand in the traditional export markets (source: textil + mode association).

In spite of the difficult economic environment, the GERRY WEBER Group reached new sales and earn-ings records in the first six months of 2008/2009. Group sales totalled EUR 292.3 million, up 8.9 per-cent on the previous year’s EUR 268.5 million. All profit figures increased at disproportionate rates.

Growth was again primarily driven by the Group’s own Retail activities. In the past years, the company has become a vertically integrated systems supplier who covers the full value chain from product development to sales in its own stores. In the context of its expan-sion strategy, the GERRY WEBER Group opened 17 new company-managed HOUSES OF GERRY WEBER in the first six months of 2008/2009, including ten in Germany. Two new multi-brand stores are operated by franchisees. As of 30 April 2009, the number of HOUSES OF GERRY WEBER operated by the com-pany itself or by franchisees totalled 306, of which 140 are located in Germany and 166 abroad.

The company also expanded its Wholesale activities. The number of shop-in-shops rose by 243 to 1,717 in the first six months of 2008/2009. 1,363 of these shops are located in Germany, while 354 are situated abroad. The increasing strong presence at the point of sale allows the GERRY WEBER Group to further strengthen its market position vis-à-vis the retailers.

Sales performance

Brand sales in the first six months(in EUR million)

2008/2009 2007/2008GERRY WEBER 188.1 173.3TAIFUN 46.7 47.7SAMOON 13.5 14.0

Group sales increased by 8.9 percent from EUR 268.5 million in the previous year to EUR 292.3 million in the first half of 2008/2009. This shows that the GERRY WEBER Group successfully defied the poor economic environment and the ongoing nega-tive industry trend. Growth was again primarily driven by the Retail segment and the GERRY WEBER core brand.

At EUR 248.3 million, brand sales were up by 5.7 percent on the previous year’s EUR 235.0 million. The GERRY WEBER core brand generated sales of EUR 188.1 million, up 8.5 percent on the previous year (EUR 173.3 million). The brand’s contribu-tion to total sales increased from 73.7 percent to 75.8 percent, which once again highlights its impor-tance for the Group. The core brand owed its success not least to the GERRY WEBER EDITION sublabel, whose sales increased by 15.5 percent to EUR 48.9 million in the reporting period.

TAIFUN, the Group’s second largest brand, which is targeted at the younger “modern woman“, gener-ated sales of EUR 46.7 million, which was 2.1 per-cent below the previous year’s EUR 47.7 million. TAIFUN contributed 18.8 percent to total brand sales. SAMOON, the brand for plus sizes, which is posi-tioned in a fast-growing niche segment, reported sales of EUR 13.5 million (previous year: EUR 14.0 million), which represented 5.4 percent of total brand sales.

Sales in the Retail segment picked up as well. The sales revenues generated by the 125 company-managed HOUSES OF GERRY WEBER increased from EUR 52.8 million in the previous year to EUR 67.8 million in the first six months of 2008/2009, which represented an increase of 28.3 percent. This growth was achieved both through the opening of numerous new HOUSES OF GERRY WEBER and by raising sales in existing retail spaces. The company‘s Retail activi-ties are complemented by the GERRY WEBER eShop, which reported a 24.7 percent increase in sales to EUR 5.1 million in the reporting period.

The company’s strong growth momentum was once again also reflected on a quarterly basis. Total second-quarter sales were up by 6.1 percent on the previous year’s EUR 146.7 million to EUR 155.7 million. These results give impressive proof of the GERRY WEBER Group’s continued good business trend.

Incoming orders

Incoming orders for all three collections for the autumn/winter 2009 season totalled EUR 226.2 million, up 6.1 percent on the previous year’s EUR 213.1 million. Orders for the third collec-tion of the GERRY WEBER core brand amounted to EUR 23.9 million, which represented an increase of 44.0 percent on the previous year’s EUR 16.6 mil-lion. Orders for TAIFUN and SAMOON amounted to EUR 5.1 million (previous year: EUR 5.1 million) and EUR 1.4 million (previous year: EUR 1.2 million), respectively.

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Earnings position

The company continues to increase its profitability based on its unique market position. With the help of strict cost management, procurement prices have been reduced continuously, while at the same time maintaining the high quality of the products. The use of intelligent IT systems in logistics and production had a sustained positive effect on the com-pany’s profitability as had the optimisation of internal structures in the past years.

The sales growth in the first half of 2008/2009 was again accompanied by a clearly disproportionate increase in profitability. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 11.7 percent from EUR 31.7 million in the previousyear to EUR 35.4 million in the reporting period. Earnings before interest and taxes (EBIT) climbed 13.7 percent from EUR 26.0 million to EUR 29.5 mil-lion. Earnings before taxes (EBT) were up by 16.9 per-cent from EUR 23.1 million to EUR 27.0 million. The respective margins increased accordingly. Net profit for the period improved by 16.9 percent from EUR 15.9 million to EUR 18.6 million. At EUR 0.86, DVFA earnings per share were up by EUR 0.17 on the previous year’s EUR 0.69.

All profitability figures increased at disproportionaterates also in the second quarter of 2008/2009. EBITDA climbed 8.0 percent from EUR 19.0 million in the previous year to EUR 20.6 million. EBIT rose 9.8 percent from EUR 16.0 million to EUR 17.6 million, while EBT improved by 14.1 percent from EUR 14.3 million to EUR 16.3 million. At EUR 11.2 million, net income for the period was up by 9.2 per-cent on the previous year (EUR 10.3 million). DVFA earnings per share rose from EUR 0.45 to EUR 0.53.

Financial situation

The GERRY WEBER Group’s debt-to-equity ratio remains well balanced. As of 30 April 2009, the company had an equity ratio of 58.1 percent, which was 2.8 percentage points below the 60.9 percent reported as of 31 October 2008.

On the assets side, current trade receivables declined by 20.7 percent. Other current assets dropped by 41.6 percent due to the lower fair value of the derivatives. Compared to 31 October 2008, liquid funds increased by EUR 2.0 million to EUR 11.0 million.

On the liabilities side, non-current financial liabili-ties declined by 19.1 percent, trade liabilities by 14.9 percent and other liabilities by 17.4 percent. Current financial liabilities increased by 49.8 percent due to the repurchase of own shares.

Gross cash flow improved by 13.8 percent from EUR 28.9 million in the previous year to EUR 32.9 million in the reporting period.

Investments

In spite of the company’s fast growth, the invest-ment volume declined. At EUR 8.0 million, capital expenses were down by 4.7 percent on the previous year’s EUR 8.3 million. An amount of EUR 5.5 mil-lion was invested in the Retail segment, especially in new HOUSES OF GERRY WEBER. EUR 1.6 million was spent on building and construction measures of GERRY WEBER International AG. An amount of EUR 0.9 million was invested in rights of supply and, hence, the expansion of the company’s Wholesale activities. Investments were largely financed from the company’s own liquid funds and were covered by the operating cash flow at all times.

On a quarterly basis, investments declined by 11.7 percent from EUR 5.2 million in the second quarter of the previous year to EUR 4.6 million in the second quarter of 2008/2009.

Employees

The GERRY WEBER Group continued to expand its workforce in the first six months of 2008/2009. As of 30 April 2009, the company employed 2,415 people, 249 more than in the previous year (2,166). Most of the new jobs were created in the Retail segment, i.e. in the company-managed HOUSES OF GERRY WEBER.

Segment report

The segment report of the GERRY WEBER Group breaks down the Group’s activities into a Ladieswear Production and Wholesale segment and a Ladieswear Retail segment.

Sales in the Production and Wholesale segment amounted to EUR 222.3 million in the first half of 2008/2009, up 4.9 percent on the previous year’s EUR 211.9 million. This represented 76.1 percent of total sales, down from 78.9 percent. The result from ordinary activities improved by 13.7 percent from EUR 19.7 million to EUR 22.4 million. The headcount declined by 161 to 842 people. An amount of EUR 0.9 million was invested in non-current assets (previous year: EUR 1.6 million). Investments primarily focused on shop sponsoring.

The Retail segment, which comprises the 125 com-pany-managed HOUSES OF GERRY WEBER, also ex-panded sharply in year-on-year terms and boosted its sales by 28.3 percent from EUR 52.8 million to EUR 67.8 million in the first half of 2008/2009. This increase was primarily attributable to the 17 new

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HOUSES OF GERRY WEBER. The Retail segment’s contribution to total Group sales rose from 19.7 per-cent to 23.2 percent. EBT climbed from EUR 0.3 mil-lion to EUR 0.5 million. The headcount increased by 322 to 1,069. At EUR 5.5 million, investments were up by 82.2 percent on the previous year’s EUR 3.0 million and mainly related to the new HOUSES OF GERRY WEBER.

In the second quarter of 2008/2009, sales in the Production and Wholesale segment improved by 1.5 percent from EUR 118.0 million in the previous year to EUR 119.8 million. The result from ordinary activities climbed 7.6 percent from EUR 11.7 mil-lion to EUR 12.6 million. Sales in the retail segment increased by 35.9 percent from EUR 25.6 million to EUR 34.8 million. The segment’s EBT soared by 161.0 percent from EUR 0.08 million to EUR 0.2 million.

Risk report

The risks to the company’s future development have not changed materially since the beginning of the fiscal year. Risks jeopardising the company’s exist-ence did not exist and cannot be identified for the foreseeable future. The statements made in the con-solidated financial statements for the year 2007/2008 therefore continue to apply. These statements and a description of the risk management system can be found on pages 41 to 45 of the 2007/2008 Annual Report.

Special events occurring after the reporting date

No events that require reporting occurred.

Opportunity and forecast report

The crisis in the real economy will continue. Rising worldwide unemployment figures and the fact that the uncertain outlook is weighing on corporate spending are likely to prevent a major upswing. The monetary and fiscal measures initiated by numerous governments will take effect only with a certain delayand last into next year. According to the InternationalMonetary Fund, the world economy will shrink by about one percent this year, which would representthe strongest decline in post-war history. Most economic experts expect the economy to stabilisetowards the end of 2009, which means that the sharp downturn is likely to slow down.

Real GDP in the euro-zone is expected to decline by 3.5 percent in 2009 and to grow by a moderate 0.5 percent in 2010 according to the Institut der deutschen Wirtschaft.

The German economy has been hit hard by the slump in exports. Net exports, which used to be the main driver of the German manufacturing sector, have

become the main obstacle to growth, as exports continue to decline. The Institut der deutschen Wirtschaft expects Germany’s real GDP to shrink by a good 4.5 percent in 2009 and to pick up by 0.5 percent in 2010. Exports are likely to decline by 17 percent in 2009, which means that foreign trade will account for about three quarters of the slump in growth. In 2010, net exports may begin to support the economy moderately again (source: Institut der deutschen Wirtschaft).

According to a survey conducted by GermanFashionModeverband e.V. in December 2008, German fashion manufacturers expect sales to grow by 1.2 percent in 2009. At 1.7 percent, ladieswear manu-facturers project a stronger increase than menswear manufacturers (+1.0 percent). Sales revenues in the workwear and sportswear segment are expected to rise by 0.9 percent. As the economic outlook has deteriorated significantly, projections are likely to have been scaled down in the meantime.

The GERRY WEBER Group intends to continue its expansion in the current financial year in spite of the challenging economic conditions. But until the economy regains momentum, the company will focus on reliable profitability. The company projects a growth rate of about six percent and Group sales of at least EUR 600 million for the full financial year and intends to boost its EBIT margin to twelve percent.

The GERRY WEBER Group has launched com-prehensive measures to substantially increase its profitability and emerge from the current economiccrisis as a stronger company. When the global recession began in late September 2008, the com-pany adopted an even stricter cost management policy. The expansion plans will now be implemented with the existing workforce, which means that no new people will be hired outside the Retail segment for the time being. The company has also stream-lined its collections, which will result in additional cost advantages.

The GERRY WEBER Group will use the current eco-nomic crisis to discontinue relations with customers showing poor payment behaviour. A bad debt ratio of only 0.1 percent clearly makes the company stand out from its competitors. The company will continue to examine every incoming order closely and weigh the risk of each individual customer and each countrycarefully. This applies especially to those countries that are hit harder by the global recession than Germany and whose currencies have depreci-ated noticeably such as Russia, the UK and the Scandinavian countries.

In order to benefit from wage cost differences between individual countries and regions, the com-pany’s operations in southern China will be shifted to the north and into the Chinese hinterland. In Eastern

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Europe, the existing production facilities will gradu-ally be replaced with more cost-efficient countries such as Ukraine, Belarus and Macedonia.

The company will also continue to optimise its logis-tics structures. In April, the GERRY WEBER Group began to test the RFID technology on a large scale. Radio frequency identification allows products to be identified and secured across the entire supply chain - from the factory to the point of sale - without visual or tactile contact. The technology will be tested for about three months in a real-life environment in the company-managed HOUSES OF GERRY WEBER in Bielefeld, Münster and the Düsseldorf Arcaden. Thanks to faster and more precise management of incoming goods, the possibility to perform inter-mediate physical inventories and the control of the dispatch of goods at the logistics centres, this inno-vative project is expected to accelerate the logistical processes and cut costs significantly.

Efficient receivables management, the constant sourcing of new procurement markets, the use of intelligent IT systems in the logistics process and shorter response times for the collections will help to cut costs even further and constantly improve the competitiveness of the company. The GERRY WEBER Group is therefore convinced that it will be able to reach its earnings targets.

An equity ratio of 58.1 percent means that the GERRY WEBER Group is excellently positioned to cope with the challenging funding conditions in today’s capital market. The comfortable liquidity situation will allow the planned investments of roughly EUR 30 million for the full financial year 2008/2009 to go ahead despite the bleaker outlook for the economy as a whole.

The company will primarily concentrate on pushing ahead its own Retail activities, which allow it to actively manage its growth. In the coming years, the GERRY WEBER Group will therefore be-come even more vertically integrated. The company will leverage its excellent market position to benefit from declining retail rents in future negotiations with landlords. The Group has already received interest-ing store rental offers from German and international landlords. This situation offers the chance to expand the Retail activities even faster and to emerge from the global crisis stronger than before.

Some 100 new HOUSES OF GERRY WEBER are scheduled to be opened in the fiscal year 2008/2009, about half of them in Germany. About 100 multi-brand stores are expected to be opened in each of the following three years. Roughly 40 percent of the new stores will be managed by the company itself. As far as SAMOON is concerned, one of the best known German retail brand for plus sizes already today,

the company plans to open eight dedicated stores from September 2009, which should make the brand even more visible and give it an additional boost. All eight stores will be opened in “1b locations”, where store rentals are currently very low. Going forward, the GERRY WEBER Group plans to open about 20 new SAMOON stores per year and to push ahead the expansion of TAIFUN. Since April, the company has operated seven concession shops in depart-ment stores of El Corte Inglés, the leading Spanish department store chain. This number will be increased going forward.

As a close partner to the retail sector, the GERRY WEBER Group will continuously expand its wholesale business. Some 200 additional shop-in-shops are to be opened in the current fiscal year. In two to three years’ time at the latest, the cooperation with retail custoers will be modified so that retailers no longer specify detailed order lists but merely set a maximum order limit and leave the breakdown of the order to the company. The opti-mum composition of the merchandise and the limit plans have previously been tested thoroughly in the company-managed HOUSES OF GERRY WEBER.

With effect from 1 May 2009, Dr. David Frink was appointed to the Managing Board of GERRY WEBERInternational AG. He will be in charge of IT and logistics and succeed company co-founder Udo Hardieck, who will resign from the ManagingBoard as of 31 July 2009 for reasons of age and join the Supervisory Board of GERRY WEBER International AG with effect from 1 August 2009.

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Interim consolidated financial statements

Consolidated income statement to IFRS in KEUR

Q2 Q2 H1 H1 2008/2009 2007/2008 2008/2009 2007/2008 Sales 155,742 146,743 292,345 268,496 Miscellaneous operating income +3,337 +1,326 +5,114 +4,398 Changes in inventories -3,616 -22,508 -1,188 -354 Cost of materials -80,253 -57,701 -150,870 -145,625 Personnel expenses -21,993 -18,297 -43,940 -37,487 Depreciation/Amortisation -2,984 -3,022 -5,900 -5,748 Miscellaneous operating expenses -32,360 -30,346 -65,468 -57,446 Other taxes -285 -170 -559 -263 Operating result 17,588 16,025 29,534 25,971 Financial result Income from long-term loans - - - +1 Interest income +43 +65 +97 +129 Incidental bank charges -182 -234 -336 -463 Interest expenses -1,174 -1,597 -2,274 -2,529 Result from ordinary activities 16,275 14,259 27,021 23,109 Taxes on income Taxes of the fiscal year -5,206 -4,056 -8,378 -7,110 Deferred taxes +139 +64 -12 -55 Net profit 11,208 10,267 18,631 15,944 Earnings per share (basic) 0.53 0.45 0.86 0.69

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Consolidated balance sheet to IFRS in KEUR Assets 30 April 2009 31 October 2008 Non-current assets Fixed assets Intangible assets 12,657 13,227 Property, plant and equipment 95,579 92,958 Financial assets 760 932 Other non-current assets Trade receivables 0 92 Other assets 11,869 12,375 Income tax claims 3,809 3,809 Deferred tax assets 657 823 125,331 124,216 Current assets Inventories 59,941 58,179 Receivables and other assets Trade receivables 59,733 75,316 Other assets 17,336 29,671 Income tax claims 1,015 1,015 Cash and cash equivalents 11,032 9,009 149,057 173,190 274,388 297,406

Equity and liabilities 30 April 2009 31 October 2008 Equity Capital stock 20,662 22,509 Capital reserve 33,668 33,668 Retained earnings 24,300 56,580 Accumulated other comprehensive income/loss according to IAS 39 6,184 12,363 Exchange differences 664 551 Accumulated profits 74,038 55,407 159,516 181,078 Non-current liabilities Provisions for personnel 1,997 2,185 Miscellaneous provisions 898 780 Financial liabilities 20,873 25,806 Deferred tax liabilities 5,806 8,609 29,574 37,380 Current liabilities Provisions Tax provisions 946 1,514 Provisions for personnel 7,732 8,955 Miscellaneous provisions 3,779 4,347 Liabilities Financial liabilities 42,682 28,499 Trade payables 24,345 28,595 Miscellaneous liabilities 5,814 7,038 85,298 78,948 274,388 297,406

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Statement of changes in Group equity

Capital Capital Retained Accumulated Exchange Profit Net Equity stock reserve earnings other differences carried income comprehensive forward income/loss

KEUR KEUR KEUR KEUR KEUR KEUR KEUR KEURAs of 1 November 2008 22,509 33,668 56,580 12,363 551 36,414 18,993 181,078Reclassification of previous year‘s net income 18,993 -18,993 Purchase of own shares -1,847 -32,280 -34,127Allocations to retained earnings of the AG Net income 18,631 18,631Adjustment of exchange differences 113 113Dividends paid Neutral currency forwards -6,179 -6,179Deferred taxes on neutral currency forwards As of 30 April 2009 20,662 33,668 24,300 6,184 664 55,407 18,631 159,516

Statement of changes in Group equity

Capital Capital Retained Accumulated Exchange Profit Net Equity stock reserve earnings other differences carried income comprehensive forward income/loss

KEUR KEUR KEUR KEUR KEUR KEUR KEUR KEURAs of 1 November 2007 22,953 28,047 53,880 -2,787 516 15,506 26,964 145,079Reclassification of previous year‘s net income 26,964 -26,964 Purchase of own shares Allocations to retained earnings of the AG Net income 15,944 15,944Adjustment of exchange differences -392 -392Dividends paid Neutral currency forwards -2,033 -2,033Deferred taxes on neutral currency forwards 610 610As of 30 April 2008 22,953 28,047 53,880 -4,210 124 42,470 15,944 159,208

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Segment information by divisions (IFRS)Q2 2008/2009 / 30 April 2009 Ladieswear Ladieswear Consolidation Total Production and Wholesale Retail entries and other segments

KEUR KEUR KEUR KEURSales by segments (with external third parties) 119,842 34,840 1,060 155,742 (118,026) (25,640) (3,077) (146,743)EBT 12,624 214 3,437 16,275 (11,732) (82) (2,445) (14,259)Depreciation 1,029 1,004 951 2,984 (1,013) (708) (1,301) (3,022)Interest income 69 -35 9 43 (64) (-13) (14) (65)Interest expenses 907 73 194 1,174 (1,377) (38) (182) (1,597)Assets 156,404 65,935 52,049 274,388 (136,188) (56,020) (75,759) (267,967)Liabilities 119,269 68,341 -72,738 114,872 (104,617) (58,330) (-54,188) (108,759)Investments in non-current assets 678 3,560 335 4,573 (1,374) (1,803) (2,003) (5,180)Number of employees 842 1,069 504 2,415 (1,003) (747) (416) (2,166)

(previous year‘s figures in parentheses)

Segment information by divisions (IFRS)H1 2008/2009 / 30 April 2009

Ladieswear Ladieswear Consolidation Total Production and Wholesale Retail entries and other segments

KEUR KEUR KEUR KEURSales by segments (with external third parties) 222,344 67,753 2,248 292,345 (211,943) (52,800) (3,753) (268,496)EBT 22,438 534 4,049 27,021 (19,730) (346) (3,033) (23,109)Depreciation 1,883 1,779 2,238 5,900 (1,951) (1,360) (2,437) (5,748)Interest income 81 4 12 97 (92) (23) (14) (129)Interest expenses 2,022 113 139 2,274 (2,625) (81) (-177) (2,529)Assets 156,404 65,935 52,049 274,388 (136,188) (56,020) (75,759) (267,967)Liabilities 119,269 68,341 -72,738 114,872 (104,617) (58,330) (-54,188) (108,759)Investments in non-current assets 857 5,509 1,587 7,953 (1,620) (3,023) (3,704) (8,347)Number of employees 842 1,069 504 2,415 (1,003) (747) (416) (2,166)

(previous year‘s figures in parentheses)

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Consolidated cash flow statement to IFRS in KEUR

H1 H1 2008/2009 2007/2008 Operating result +29,534 +25,971Depreciation/Amortisation +5,900 +5,748Increase/Decrease in inventories -1,762 +214Increase/Decrease in trade receivables +15,675 +13,717Increase/Decrease in other assets that do not fall under investing or financing activities +3,577 -14,657Increase/Decrease in provisions -1,862 -2,464Increase/Decrease in trade payables -4,251 -13,894Increase/Decrease in other liabilities that do not fall under investing or financing activities -670 -1,868Income tax payments -8,947 -8,571Cash inflows/outflows from operating activities +37,194 +4,196Interest income +97 +129Incidental bank charges -336 -463Interest expenses -2,274 -2,529Cash inflows/outflows from current operating activities +34,681 +1,333Receipts for/purchases of investments in property, plant and equipment and intangible assets -7,953 -8,347Proceeds from the disposal of financial assets +172 +80Cash outflows from investing activities -7,781 -8,267Payments for stock repurchases -34,127 -Raising/Repayment of financial liabilities +9,250 -2,360Cash inflows/outflows from financing activities -24,877 -2,360Movement in cash and cash equivalents +2,023 -9,294Cash and cash equivalents at the beginning of the fiscal year +9,009 +17,786Cash and cash equivalents on 30 April +11,032 +8,492

Calendar of financial events

Report on the first nine months 24 September 2009End of fiscal year 31 October 2009

Contact

Sandra SteltenkampPhone +49 (0) 52 01 – 18 5 – 8422 Fax +49 (0) 52 01 – 58 57E-mail: s.steltenkamp@gerryweber.de

GERRY WEBER International AG Neulehenstraße 8 D-33790 Halle/Westphalia www.gerryweber-ag.de

Explanatory notes

GERRY WEBER International AG is a parent company as defined in Section 290 of the German Commercial Code (HGB). Pursuant to Article 4 of Directive No. 1606/2002 issued by the European Parliament and Council dated 19 July 2002, the Company, as an issuer of publicly traded securities, is required to prepare consolidated financial statements in accordance with IFRS accounting rules adopted by the EU. Accordingly, the present consolidated interim financial statements for the period ended 30 April 2009, were produced in conformance with IFRS. All standards effective and mandatory as of 30 April 2009 have been applied.

The financial statements for the first six months and the second quarter of fiscal year 2008/2009 were prepared in accordance with IAS 34 (Interim Financial Reporting). The interim financial statements were not reviewed by the auditors. The accounting and valuation methods and the consolidation principles are basically the same as those applied to the consolidated financial state-ments for the year ended 31 October 2008.

Currency translation

The functional currency of GERRY WEBER International AG is the euro. The financial statements of the consolidated Group companies prepared in foreign currencies are translated according to the concept of the functional currency in compliance with IAS 21 „The Effects of Changes in Foreign Exchange Rates“. Given that the consolidated Group companies primarily do business in the economic environment of their respective country, the functional currency is always identical with each company‘s local currency. Accordingly, assets and liabilities are translated at the closing rate, while income and expenses are translated at the average annual exchange rate.

Responsibility statement

To the best of our knowledge, and in accordance with the applicable reporting principles for interim financial reporting, the interim consolidated financial statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the group, and the interim management report of the group includes a fair review of the development and performance of the business and the position of the group, together with a description of the principal opportunities and risks associated with the expected develop-ment of the group for the remaining months of the financial year.

Halle/Westphalia, 22 June 2009

GERRY WEBER International AGThe Managing Board

Gerhard Weber Udo Hardieck Dr. David Frink Doris Strätker

DisclaimerThis interim report contains forward-looking statements that are based on assumptions and/or estimates by the management of GERRY WEBER International AG. While it is assumed that these forward-looking statements are realistic, no guarantee can be given that these expectations will actually materialise.