The Shareholders Meeting which took place on November 13, 2008 in Roubaix approved all of the resolutions which were proposed except for that resolution concerning the authorization to proceed with an increase in capital reserved to the members of a company savings plan.

Thus the Shareholders Meeting decided to pay a net dividend of 0.55 € per share, for account of the financial year 2007/2008 and to set the payment date of such dividend to December 11, 2008. The Shareholders Meeting also acknowledged Jean-Pierre Devienne’s decision to resign from his Supervisory Board member mandate and thanked him for the many years spent serving the Group. The Meeting renewed the mandates of Supervisory Board member for Jean Despature, Victor Despature, Xavier Leurent and Anthony Stahl and appointed Jean-Guillaume Despature and Wilfrid Le Naour members of the Supervisory Board.

During this Shareholders Meeting, The Supervisory Board and the Executive Board expressed their thanks to Jacques Taccoen, who is to retire, for his contribution and his involvement in the management of the Group and confirmed the appointment of Bruno Defache to the position of finance director of Damartex.

November 13 2008

Reminder
Damartex is one of Europe's leading distributors of clothing and accessories for seniors. The company sells through catalogues (Home shopping) and shops with its main markets in France, Great Britain and Belgium.

Contacts

Damartex: Jacques Taccoen – Tel: 03 20 11 45 30
Shan: François-Xavier Dupont – Tel: 01 44 50 58 74

http://www.damartex.com

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