H o n g K o n g E x c h a n g e s a n d C l e a r i n g Li m i t e d a n d T h e S t o c k E x c h a n g e o f H o n g K o n g L i m i t e d t a k e n o r e s p o n s i b il i t y f o r t h e c o nt e n t s o f t hi s a n n o u n c e m e nt , m a k e n o r e p r e s e n t a t i o n a s t o i t s a c c u r a c y o r c om p l et e n e s s a n d e x p r e s sl y di s c l a i m a n y l i a bi l it y w h a t s o e v er f or a n y l o s s h o w s o e v e r a r i s i n g f r om or i n r e l i a n c e u p o n t h e w h o l e or a n y p a r t of t h e c o nt e n t s of t h i s a n n o u n c e m e n t .

ESPRIT HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (STOCK CODE: 00330) CHANGE OF CHIEF PRODUCT AND DESIGN OFFICER

The board of direc tors (the "Board") of Es prit H oldi ngs Li mi ted (the "Co mpa ny ") anno unc es that Ms Me lody Harris -J ens bac h in ten ds t o s t ep d own as the Ch ief Prod uc t a nd Des ign Offic er ("CPO") of the Group w i th effec t fro m 31 Oc tob er 2013.
Ov er the pas t tw o y ears , Ms Harris -J ensbac h has s uc c ess full y refoc us ed th e produc t d irec ti on of the Co mpany b ac k to its h eritage an d its u niq ue han dwrit ing ac ross all produc t d iv i s ions . In parallel , Ms Harris -J ens bac h has res truc tured the produc t div is ions ' org aniz ation an d has ov erhauled Es prit 's produc t dev el opment operations . The Co mpany is already s tartin g to benef it from th es e improv e men ts .
O n c e t h i s c r i t i c a l c h ap t e r o f E s p r i t ' s T r a n s f o r m a t i o n P l a n h a s b e e n c o n c l u d e d , Ms Harris -J ens bac h has ex press ed her inten tion to purs ue new and broad er profes s ional opportun ities outs i de the C omp any .
T h e B o a r d r e g r e t s t h i s d e c i s i o n b u t u n d e r s t a n d s t h e p r o f e s s i o n a l m o t i v a t i o n s be hi n d it a nd w ou l d li k e to tak e th is o ppor tuni ty to ex pr es s its d eep gra ti tu de to Ms Harris -J ens bac h for h er s trong c om mit me nt a nd profes s io nal performanc e during her tenure of s erv ic e.
To e ns ure a s mo oth trans ition, th e Board is als o v ery pleas ed tha t Ms Harris - J ens bac h has agreed to c ontinu e s uppor tin g the turnarou nd of Es pri t fro m a s trategic role and, ac c ordingly , s he will be work ing c l os ely wi th th e Group C hief Ex ec utiv e Of fic er as a s trateg ic c ons ultan t in s ev eral k ey projec ts in 201 4.
The appo intm ent of a n ew C PO is in goo d progres s and th e Co mp any ex pec ts to anno unc e it in the v ery s hort ter m.

By O rd e r o f th e Bo a r d Fl or e nc e N g W a i Yi n Co m p an y Se cre ta r y

Ho n g Ko n g , 2 2 O cto b e r 2 0 1 3

A s a t t h e d a t e o f t h i s a n n o u n c e m e n t , t h e B o a r d c o m p r i s e s ( i ) M r J o s e M a n u e l M a rtín e z Gu tié rre z ( G r o up C h i ef E xe cu ti ve O ffic er ) a n d Mr Th o m a s T a n g Wi n g Yu n g ( G r o u p C h ie f F in a n cia l O ff i ce r ) a s E x e c u t i ve D ir e cto r s; ( i i) M r Jü r g e n A l fr e d R u d o l f Fr ie d r i ch a s No n -e xe cu ti ve D ire cto r ; a n d ( i ii) Mr Ra y mo n d Or Ch i n g Fa i ( Ch a ir m an ) , M r P a u l C h e n g M i n g F u n ( D e p u t y C h a i r m a n ) , M r s E v a C h e n g L i K a m F u n , M r A le xa n d e r Re id H a m il to n , Mr Ca r m e lo L e e Ka S ze a n d M r No r b e rt Ad o lf P la tt a s In d e p e n d e n t No n -e xe cu ti ve D ire cto r s.

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