EANS-News: Derby Cycle: Change of Chief Financial Officer

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Board of Directors (Appointments and Changes)

Subtitle: - Reiner Brüls will succeed the current CFO Uwe
Bögershausen - Smooth change ensured through one month transition
phase

Cloppenburg (euro adhoc) - Derby Cycle AG (ISIN DE000A1H6HN1, WKN
A1H6HN), Germany's largest bicycle manufacturer in terms of sales,
has newly appointed the post of CFO by the end of May 2012.

The company's current Chief Financial Officer (CFO), Mr. Uwe
Bögershausen, will leave the company at his own request as of May 31,
2012. Mr. Bögershausen is leaving the company for personal reasons,
and on an amicable basis. He will continue to be available as a
consultant for the company for all matters related to the capital
markets.

The Supervisory Board Chairman, Mr. Xeno Grimmelt, would like to
thank Mr. Bögershausen for the work that he has contributed to date:
"We very much regret that Mr. Bögershausen will leave the company.
Derby Cycle AG has experienced many changes following its successful
initial public offering in February 2011, and the arrival of Pon as a
new major shareholder shortly thereafter. Mr. Bögershausen
successfully helped to shape this period of change, and was a driving
force behind the company's capital market orientation and the
implementation of its acquisition strategy."

Mr. Reiner Brüls will succeed Mr. Bögershausen as the company's new
Chief Financial Officer as of May 2, 2012, thereby ensuring a smooth
transition. Mr. Brüls (51) has many years of experience in the
commercial area, most recently as CFO of the unlisted company J.
Müller AG, Brake. He has extensive experience in the management and
restructuring of international organisations, and has long worked
together with family shareholders. Supervisory Board Chairman Xeno
Grimmelt commented as follows: "We are convinced that, with Mr.
Brüls, we have found an outstanding CFO for the forthcoming tasks
within our Group. We look forward to working with him, and we would
like to wish Mr. Brüls every success in the further development of
the company."

Company profile: Derby Cycle is Germany's largest bicycle
manufacturer in terms of revenues, and one of the leading
manufacturers in Europe. In particular, global demand growth for
high-quality electric and sports bicycles, as well as the company's
advancing internationalisation in all European volume markets, are
reflected in the company's dynamic growth. Derby Cycle's product
range comprises electric bicycles, sports bicycles for leisure and
competition purposes, as well as comfort bikes for everyday and
travel use. These bicycles are sold through the established Kalkhoff,
FOCUS, Raleigh, Univega and Rixe brands. All models are developed and
assembled at the company's base in Cloppenburg, Germany. These
high-quality products are distributed through specialist retailers
who provide their customers with professional advice and extensive
service.

With around 614 employees, Derby Cycle achieved revenue of EUR 235.5
million in the fiscal year 2010/2011, 66.9% of which was generated in
Germany, and 33.1% abroad. Earnings before interest and tax (EBIT)
amounted to approximately EUR 19.6 million. Derby Cycle sold a total
of around 482,000 bicycles, of which 87,000 comprised e-bikes. The
company forecasts revenues of EUR 250 million to 270 million, and an
EBIT margin of 8 to 9% (2010/11: 8.3%) for the 2011/12 fiscal year
that ends on September 30, 2012.

Further information is available at: www.derby-cycle.com

Further inquiry note:
cometis AG
Unter den Eichen 7
65195 Wiesbaden
www.cometis.de

Henryk Deter / Claudius Krause
Telefon: +49 (0)611-20 58 55-28
E-Mail: krause@cometis.de

end of announcement euro adhoc
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company: Derby Cycle AG
Siemensstr. 1-3
D-49661 Cloppenburg
phone: +49-4471-966-238
FAX: +49-4471-966-44820
mail: u.boegershausen@derby-cycle.de
WWW: http://www.derby-cycle.de
sector: Consumer Goods
ISIN: DE000A1H6HN1
indexes: SDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English