IC COMPANYS A/S
COMPANY ANNOUNCEMENT

Today IC Companys has entered into an agreement to sell its two brands Jackpot
and Cottonfield to COOP. 
  
With the sale of Jackpot and Cottonfield an important strategic target has been
achieved as IC Companys continues the process of simplifying its business model
focusing on the continuing activities which is in line with the previously
announced corporate strategy. 
  
The two brands will become a cornerstone in COOP’s new textile venture, and
COOP has in the agreement expressed to have selected employees transferred from
IC Companys - employees who up until now have worked within design, production
and sourcing in the two brands. 
  
This sale will consequently result in the existing retail stores selling these
two brands to gradually be phased out. The distribution to wholesale customers
will continue until 31 December 2013. 
  
In total this is expected to generate a positive cash flow effect for the
Group. 
  
The consolidated accounts for Q4 2012/13 are expected to be affected by a
positive cash flow of approx. DKK 30 million whereas the financial results from
discontinuing activities are expected to be affected negatively by approx. DKK
80 million attributable to provisions and write-downs. 
  
The outlook for the consolidated revenue and operating profit from continuing
activities is unchanged since the previously announced outlook for the
financial year 2012/13 had already been adjusted for discontinuing activities. 
  
  
  
IC COMPANYS A/S 
  
Niels Mikkelsen 
Chief Executive Officer 
  
  
  
PLEASE DIRECT ANY QUESTIONS REGARDING THIS ANNOUNCEMENT TO: 
  
Chris Bigler 
Chief Financial Officer 
Phone: +45 29 74 06 55 
  
  
Jens Bak-Holder 
Investor Relations Manager 
Phone: +45 21 28 58 32