ANNOUNCEMENT TO THE COPENHAGEN STOCK EXCHANGE 24 May 2007 IC Companys A/S - Q3 Interim report 2006/07 Growth derived from continuing brands was 10% in Q3. Operating profit (EBIT) increased 10% to DKK 145 million. The order intake for the fall 2007 collections has been completed and shows 13% growth. The full year guidance is maintained. At its meeting on 23 May 2007, the Board of Directors of IC Companys A/S considered and adopted the interim financial statements for the nine months ended 31 March 2007. Q3 revenue increased 8% to reach DKK 966 million (DKK 893 million). Year-to-date (YTD) revenue increased 9% to DKK 2,770 million (DKK 2,541 million). Revenue derived from continuing brands was up by 10% in Q3. YTD the growth in continuing brands was 12%. The gross profit was DKK 576 million (DKK 519 million) in Q3, resulting in a gross margin of 59.6% (58.1%). Operating profit (EBIT) for Q3 increased 10% to DKK 145 million (DKK 132 million), equivalent to an EBIT margin of 15.0% (14.8%). YTD operating profit was DKK 378 million (DKK 373 million), equivalent to an EBIT margin of 13.7% (14.7%). Net interest-bearing debt was DKK 654 million (DKK 320 million), which was an increase of DKK 334 million compared to 31 March 2006. The order intake for the fall 2007 collections has been completed with a satisfactory year-on-year growth of 13%. Full-year guidance maintained The Group still expects revenue of DKK 3,400 million for the full year 2006/07 and an operating profit of DKK 330 - 350 million.Operating investments in the region of DKK 130 - 140 million in 2006/07 and capital investments of DKK 50 million are still scheduled. The forecast of free cash flow is retained at DKK 170 - 200 million. Two share buyback programmes of totally DKK 150 million have been completed. The balancing share buyback programme for DKK 50 million has been adopted and will commence on 24 May 2007.