Accell Group adds Chief Supply Chain Officer to Board of Directors

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Heerenveen (the Netherlands), 6 February 2015 – Accell Group N.V. today announces that its Supervisory Board intends to appoint Jeroen Both to the Board of Directors as Chief Supply Chain Officer (CSCO). As a member of the Board of Directors, he will be specifically responsible for purchasing, planning and logistics.

René Takens, Chairman of Accell Group’s Board of Directors: “We are very pleased that Jeroen Both will be joining our team. In recent years, Accell Group has grown considerably, both organically and through numerous acquisitions. We have bolstered the management of the organisation in a number of ways in the past year, to make more effective use of the synergies of scale the group as a whole affords, and to make our business processes smarter and more efficient. Jeroen Both’s appointment fits seamlessly into this process. He will be specifically responsible for the continued integration and optimisation of the supply chain, which will in turn contribute to our efforts to further strengthen our leading positions in the bicycle and bicycle parts & accessories markets in the years ahead.”

Jeroen Both: “I am very pleased to join the Board of Directors of Accell Group and hope to use my know-how and experience in the continuing optimisation of Accell Group’s supply chain.” After completing his studies at Groningen University, Jeroen Both (1964) began his career in 1989 at British American Tobacco, where he has held various positions in supply chain management, procurement and production. Jeroen Both has gained extensive international experience, both in Western and Eastern Europe, as well as in Asia, where as Supply Chain Director he led the launch and management of British American Tobacco’s central supply organisations in Moscow and Singapore. He is currently Director of Operations - Other Tobacco Products for Western Europe.

The Supervisory Board intends to formalise his appointment as a member of the Board of Directors immediately after the General Meeting of Shareholders of 23 April 2015, where the shareholders will be officially informed of the proposed appointment.

Following his appointment, the Board of Directors will consist of four members: René Takens (CEO), Hielke Sybesma (CFO), Jeroen Snijders Blok (COO) and Jeroen Both (CSCO).

About Accell Group

Accell Group N.V. (“Accell Group”) focuses internationally on the mid-range and higher segments of the market for bicycles and bicycle parts & accessories. The company has leading positions in the Netherlands, Belgium, Germany, Italy, France, Finland, Turkey, the United Kingdom and the United States. In Europe, Accell Group is market leader in the bicycle market in terms of revenue. Accell Group’s best known brands are Batavus (Netherlands), Sparta (Netherlands), Koga (Netherlands), Loekie (Netherlands), Ghost (Germany), Haibike (Germany), Winora (Germany), Raleigh and Diamondback (UK, US, Canada), Lapierre (France), Tunturi (Finland), Atala (Italy), Redline (US) and XLC (international).

Accell Group and its subsidiaries employ approximately 2,800 people worldwide in eighteen countries. The company has production facilities in the Netherlands, Germany, France, Hungary, Turkey and China. Products of Accell Group are sold in more than seventy countries. The headquarters of the company are located in Heerenveen (the Netherlands). The Accell Group shares are traded on the official market of Euronext Amsterdam and included in the Amsterdam Small Cap index (AScX). In 2013 Accell Group realized a profitable revenue of € 849.0 million.

For further information: Accell Group N.V./ René Takens, Chairman of the Board (CEO) tel: (+31) 0513-638701/ Hielke Sybesma, Member of the Board (CFO) tel: +(31) 0513-638702/ Website: www.accell-group.com



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