EANS-Adhoc: Changes on the Management Board of Zapf Creation AG

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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29.01.2010

Roedental, January 29, 2010 - Zapf Creation AG, Europe's leading
manufacturer of play and functional dolls, today announced that its
Supervisory Board in its meeting today has appointed Mr. Ron Oboler
Chairman of the Management Board effective February 1, 2010. Mr.
Oboler, Director of International Sales with MGA Entertainment, Inc.,
possesses broad toy industry experience and will lead the Company on
an interim basis until the second half of 2010. The Supervisory Board
plans to fill the position of Management Board chairman on a
long-term basis in the course of the year.

Mr. Stephan F. Brune, who has served as Chairman of the Management
Board of Zapf Creation AG since October 1, 2008, will resign from the
Company effective January 31, 2010.

In addition, Mr. Ron Brawer, member of the Company's Supervisory
Board, will be delegated to its Management Board in accordance with
Section 105 item 2 of the German Stock Corporation Act. Effective
immediately, Mr. Brawer will be primarily responsible for the
continued streamlining of the Company's corporate structures and the
realization of potential savings associated with this.

Mr. Jaime Ferri Llorens, member of the Supervisory Board, will use
his many years of experience in the toy industry to further enhance
the Management Board's work in the future.

These personnel decisions, which enhance the Management Board's
industry expertise, are designed to accelerate the implementation of
the Zapf Creation Group's new strategy. The Company continues to push
the development of its product portfolio and its geographic
expansion.

end of announcement euro adhoc
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ots Originaltext: Zapf Creation AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Zapf Creation AG

Mönchrödener Str. 13

D-96472 Roedental

Germany

Phone: +49 - (0) 9563 - 725 - 1513

Fax: +49 - (0) 9563 - 725 - 1321

E-mail: investor.relations@zapf-creation.de

Branche: Consumer Goods
ISIN: DE0007806002
WKN: 780600
Index: MDAX, CDAX, Classic All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade