The Board of Directors has noted the recent development in the STYLEPIT share price and turnover.


As stated in announcement no. 5 / 2015 of March 27. 2015, the Board of Directors has initiated an analysis to identify strategic and structural opportunities to increase revenue and earnings and strengthen the capital structure.


This analysis is still ongoing and there is currently no decision to enter into a particular transaction, and there is no assurance that STYLEPIT will enter into a transaction in the future. STYLEPIT will publish an announcement if and when deemed necessary or appropriate.


Management still expects that the financial year 2014/15 will show a total revenue decline of -20% with net sales of around DKK 380 million. As a consequence of the lower revenue EBITDA is expected to represent a loss of DKK -28 mill.


Questions regarding this notice should be addressed to Chairman Nicolai Kærgaard on mobile number + 45 26 22 99 or CEO Marc Jeilman on mobile number +45 20 35 25 80.


STYLEPIT A/S


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