VALEDO DIVESTS BECKSÖNDERGAARD

Valedo Partners Fund II AB “(Valedo”) has divested
BeckSöndergaard, a Danish women’s accessory company to a consortium led by the
Company’s founders Lis Beck and Anna Søndergaard. During Valedo’s ownership,
BeckSöndergaard has significantly broadened its product range, grown its
international share of sales and focused increasingly on the online segment.