Wolford AG: Silvia Azzali resigns from the Executive Board - Regis Rimbert
takes over the role of Chairman of the Executive Board and CEO

EQS-Ad-hoc: Wolford AG / Key word(s): Personnel
Wolford AG: Silvia Azzali resigns from the Executive Board - Regis Rimbert
takes over the role of Chairman of the Executive Board and CEO

13-Jun-2024 / 14:28 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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June 13, 2024
The Chairwoman of the Management Board Silvia Azzali and the Supervisory
Board of Wolford AG have agreed on a mutually agreed termination of her
Management Board mandate as of June 14, 2024.

The Supervisory Board would like to thank Ms. Azzali for her commitment to
the company. Ms. Azzali has been a member of the Executive Board since
November 2019, first as Chief Commercial Officer and then as Chief Executive
Officer. During her tenure, she successfully developed and implemented a new
brand and product strategy for Wolford, continuously increased revenues,
reversed the EBITDA loss of 2022 and achieved the first positive unadjusted
EBITDA since 2016.

The Supervisory Board has decided to appoint Regis Rimbert, recently
appointed Chief Transformation Officer on the Executive Board of Wolford AG,
as CEO for a period of three years to replace Ms. Azzali. Mr. Rimbert brings
extensive experience in the fashion industry: In addition to his in-depth
experience in retail at renowned fashion companies such as Prada and
Christian Dior, he also knows Wolford and the Lanvin Group very well. He
held management positions in both companies and supported Wolford with his
own company Uptify, founded in 2018, in the area of retail management for
Northern Europe.


End of Inside Information

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13-Jun-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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   Language:       English
   Company:        Wolford AG
                   Wolfordstrasse 1
                   6900 Bregenz
                   Austria
   Phone:          +43/5574/6900
   E-mail:         investor@wolford.com
   Internet:       www.wolford.com
   ISIN:           AT0000834007
   WKN:            83400
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt, Munich, Stuttgart; Vienna Stock Exchange
                   (Official Market)
   EQS News ID:    1924737

End of Announcement EQS News Service
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1924737 13-Jun-2024 CET/CEST