SOURCE: Gant Company AB

January 31, 2008 02:09 ET

Maus Freres in agreement with Lennart Bjork and Gant's master franchisees - holds 95.6 percent of the shares

NACKA STRAND, SWEDEN--(Marketwire - January 31, 2008) -


Maus Frères S.A. ("Maus Frères") has through its subsidiary Procastor S.A. ("Procastor") increased its ownership in Gant Company AB (publ) ("Gant"), effectively completing the acquisition of Gant. Maus Frères has acquired 10,006,970 additional shares representing 59.7 percent of the shares and votes in Gant for SEK 320 per share, including the shares of Gant's Chairman Lennart Björk and those of a number of Gant's master franchisees. Maus Frères now holds a total of 16,031,138 shares in Gant, representing 95.6 percent of the shares and votes in Gant.

Contact:

Guy Latourrette
CEO Maus Freres International
Tel. +33 144 82 85 96

Jean-Bernard Rondeau
Head of Group Communications, Maus Freres S.A.
Tel. +41 22 908 66 22

Lennart Bjork
chairman of Gant's Board
Tel. +46 (0)8-506 760 00

Louise de Verdier
information manager, Gant
Tel. +46 (0)8-506 760 00

Maus-Gant eng: http://hugin.info/133767/R/1186894/237979.pdf


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