Loewe AG / Change of Personnel 28.01.2008 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. --------------------------------------------------------------------------- Kronach, January 28, 2008 Dr. Rainer Hecker, Chairman of the Executive Board of Loewe AG, will resign of his own volition from the Executive Board of Loewe AG after more than 25 years of service. As an industrial engineer, he was responsible for finance and administration at Loewe from 1982 to 1990. Starting in 1990 he became Chairman of the Management Board and was appointed Chairman of the Executive Board of Loewe AG after the IPO in 1999. Dr. Rainer Hecker will resign from his position as Chairman of the Executive Board as of the completion of this year's annual Shareholders' Meeting on June 9, 2008. The Supervisory Board appointed Frieder C. Löhrer, Engineer, as the new member of the Executive Board and designated chairman. As of April 1, 2008, he will assume responsibility for marketing and sales at Loewe and the chairmanship of the Executive Board as of the completion of this year's annual Shareholders' Meeting on June 9, 2008. Since 2004, Frieder C. Löhrer has been serving as Chairman of the Executive Board of Rolf Benz AG & Co KG, Nagold, where he is, among other things, responsible for focussing on the core business of high-quality seating furniture and the systematic orientation of the premium brand. Gerhard Schaas (CTO) and Oliver Seidl (CFO) will continue to serve as members of the Executive Board. For further details, please contact: Investor Relations, Axel Gentzsch Phone: +49 (0)9261 99.240 Fax: +49 (0)9261 99.994 Mobile: +49 (0)170 7667212 Email: axel.gentzsch@loewe.de Public Relations, Dr. Roland Raithel Phone: +49 (0)9261 99.217 Fax: +49 (0)9261 99.444 Mobile: +49 (0)171 2005476 Email: roland.raithel@loewe.de DGAP 28.01.2008 --------------------------------------------------------------------------- Language: English Issuer: Loewe AG Industriestrasse 11 96317 Kronach Deutschland Phone: +49 (0)9261 99-984 Fax: +49 (0)9261 99-994 E-mail: ir@loewe.de Internet: www.loewe.de ISIN: DE0006494107 WKN: 649410 Indices: Prime Standard Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Loewe AG: Changes in the Executive Board - Dr. Rainer Hecker will turn over the chairmanship of the Executive Board of Loewe AG to Frieder C. Löhrer on June 9, 2008
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