TOM TAILOR Holding SE came to an agreement with the consortium banks and majority shareholder Fosun on a new financing structure and the associated contributions to be made by the respective parties, and they signed a corresponding Term Sheet. The parties aim to finalise the contract documentation by the end of October 2019 at the latest. The new agreement, which will run until the end of September 2022 and has a total volume of EUR 365 million secures the long-term financing of the TOM TAILOR Group and allows for more flexibility with regard to future growth. Due to the planning timeframe through to 2022, as laid out in the Term Sheet and based on the Independent Business Review (IBR) carried out for this time period by BCG, the Management Board is adjusting the preliminary results for fiscal 2018 that were published on 13 May 2019. The adjustment is mainly due to the increase in provisions for contingent losses as a result of a more conservative assessment of the future business performance. In addition, the accounting standard IFRS 5 (discontinued operations) will no longer be applied. The reason for this is that the Management Board has adjusted its estimate with regard to the timing of a potential sale of BONITA.