Hugo Boss AG / Dividend 11.03.2008 Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Metzingen. After having established the annual financial statement as of December 31, 2007 and approved the consolidated annual financial statement as of December 31, 2007, Supervisory Board and Managing Board of HUGO BOSS AG resolved to propose to the Annual Shareholders Meeting a dividend of EUR 1.45 and a special dividend of EUR 5.00 per common share (a total of EUR 6.45 per common share) and a dividend of EUR 1.46 and special dividend of EUR 5.00 per preferred share (a total of EUR 6.46 per preferred share). Dividends financial year 2007 financial year 2006 Change (proposal) Per common share EUR 1.45 EUR 1.19 22% Per preferred share EUR 1.46 EUR 1.20 22% Special dividend per common and preferred share EUR 5.00 Metzingen, March 11, 2008 The Managing Board --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: HUGO BOSS proposes dividend increase Metzingen, March 11, 2008. After a successful close to fiscal 2007 and based on a positive assessment of the Companys continued performance, the Supervisory and Managing Boards of HUGO BOSS AG have decided to propose to the Annual Shareholders Meeting to increase dividends by EUR 0.26 to EUR 1.45 (2006: EUR 1.19) per common share and EUR 1.46 (2006: EUR 1.20) per preferred share. The Supervisory Board also gave consideration to the Managing Boards proposal of paying a special dividend to reflect the capital structure that is planned for the future, and has concurred with the recommendation to pay a special dividend of EUR 5.00 per common and preferred share for fiscal 2007. 'Our strategic orientation will not change, and the Managing and Supervisory Boards will continue to stand behind the growth strategy already in place,' stated Joachim Reinhardt, Chief Financial Officer of HUGO BOSS AG. 'In the future, we will continue to focus on expanding and internationalizing the Group. By paying a special dividend, HUGO BOSS is enabling all shareholders to participate in the Companys success and improving the capital structure while at the same time maintaining the Companys financial flexibility to continue growing organically and making acquisitions.' At todays session, the Supervisory Board accepted the financial statements of HUGO BOSS AG for the year ended December 31, 2007 as prepared by the Managing Board and approved the consolidated financial statements of the HUGO BOSS Group. According to the 2007 financial statements, the fashion group increased sales in the past fiscal year by 9% (currency adjusted: 12%) from EUR 1,496 million to EUR 1,632 million. Earnings before interest and taxes rose by 19% to EUR 220 million (2006: EUR 184 million), and net income increased by 20% to EUR 154 million (2006: EUR 129 million). For further information on HUGO BOSS AG, please see our website at www.group.hugoboss.com. If you have any questions, please contact: Philipp Wolff Director of Communication Phone: +49 (0) 7123 94-2375 Fax: +49 (0) 7123 94-2051 Investor Relations Phone: +49 (0) 7123 94-1326 Fax: +49 (0) 7123 94-2035 E-mail: Investor-Relations@hugoboss.com This document contains forward-looking statements that reflect management's current views with respect to future events. The words 'anticipate,' 'assume,' 'believe,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'project,' 'should,' and similar expressions identify forward-looking statements. Such statements are subject to risks and uncertainties. If any of these or other risks and uncertainties occur, or if the assumptions underlying any of these statements prove incorrect, then actual results may be materially different from those expressed or implied by such statements. We do not intend or assume any obligation to update any forward-looking statement, which speaks only as of the date on which it is made. Kontakt: Judith Eckl, Bereichsleiterin Recht Tel: +49-7123-94 2767 DGAP 11.03.2008 --------------------------------------------------------------------------- Language: English Issuer: Hugo Boss AG Dieselstraße 12 72555 Metzingen Deutschland Phone: +49 (0)712 394-0 Fax: +49 (0)712 394-2014 E-mail: info@hugoboss.com Internet: www.hugoboss.com ISIN: DE0005245534, DE0005245500, WKN: 524553, 524550, Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, Hannover, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Hugo Boss AG:HUGO BOSS AG publishes dividend proposal
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