DGAP-Adhoc: Hugo Boss AG:Agreement regarding location and employment of HUGO BOSS AG

Hugo Boss AG / Agreement

19.03.2008 

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.
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Metzingen. To demonstrate their confidence in the future growth strategy,
the Managing Board of HUGO BOSS AG and the Works Council of the company
have today agreed on a comprehensive shop agreement regarding location and
employment, which has a term of 5 years. Among others, the agreement
provides that the Metzingen site remains the group headquarter and that the
headcount will not fall below the number of employees of the German
locations of HUGO BOSS employed as of December 31, 2007.

Metzingen, March 19, 2008

The Managing Board

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Information and Explaination of the Issuer to this News:

HUGO BOSS reaffirms growth strategy with workplace agreement


Metzingen, March 18, 2008. To demonstrate their confidence in the Group's
future growth, the HUGO BOSS Managing Board and Works Council have sealed a
comprehensive workplace agreement with the support of the Supervisory
Board. Now that negotiations have been successfully completed, the company
is responding to the press coverage of the past few days.

'The strategic orientation of the Group remains unchanged,' stated Joachim
Reinhardt, Chief Financial Officer of HUGO BOSS AG. 'The proposed dividend
payment will not constrain the financial flexibility needed by the company
to conclude acquisitions and generate sustained organic growth.'
'Record levels of investment are planned both this year and in the future
with the goal of posting renewed growth and creating new jobs,' commented
Hans Fluri, Chief Operating Officer at HUGO BOSS AG. 'Our majority
shareholder will be actively supporting this expansion program and the
capital expenditure it will necessarily entail.'
This has also been confirmed by the Chairman of the Works Council, Antonio
Simina: 'The Works Council, the Managing Board and the majority shareholder
Permira enjoy a constructive working relationship and there is consensus on
the strategy that the Group will be pursuing in the future. From the
perspective of the Works Council, we are particularly pleased with the
workplace agreement and the intention to create additional jobs.'


Further information on HUGO BOSS AG can be found on our website at
www.group.hugoboss.com.

Should you have any questions, please contact:

Philipp Wolff
Director of Communication

Phone: +49 (0) 7123 94-2375
Fax: +49 (0) 7123 94-2051

This document contains forward-looking statements that reflect management's
current views with respect to future events. The words 'anticipate,'
'assume,' 'believe,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,'
'project,' 'should,' and similar expressions identify forward-looking
statements. Such statements are subject to risks and uncertainties. If any
of these or other risks and uncertainties occur, or if the assumptions
underlying any of these statements prove incorrect, then actual results may
be materially different from those expressed or implied by such statements.
We do not intend or assume any obligation to update any forward-looking
statement, which speaks only as of the date on which it is made.

Contact:
Judith Eckl, Bereichsleiterin Recht
Tel: +49-7123-94 2767



DGAP 19.03.2008 
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Language:     English
Issuer:       Hugo Boss AG
              Dieselstraße 12
              72555 Metzingen
              Deutschland
Phone:        +49 (0)712 394-0
Fax:          +49 (0)712 394-2014
E-mail:       info@hugoboss.com
Internet:     www.hugoboss.com
ISIN:         DE0005245534, DE0005245500, 
WKN:          524553, 524550, 
Indices:      MDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
              Freiverkehr in Berlin, Hannover, München, Hamburg, Düsseldorf
End of News                                     DGAP News-Service
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