Burani to achieve double digit growth in 2008

May 26, 2008 (Italy)

Burani Designer Holding N.V. a company offering Italian lifestyle products and services to customers world-wide, announces its results for the year ended 31 December 2007, reflecting a 10.6% increase in 2007 revenues, and a 17.9% increase in revenues net of extraordinary items.

The consolidated financial statements include the pro rata contribution from the companies acquired during 2007, namely Arcte, Crisfer, Eurocosmesi (from April 2007) and Granulati (from October 2007).

The results also reflect the consolidation within Mariella Burani Fashion Group of Valente, Rosato, Calgaro (Fashion jewellery) and Dadorosa (Leather Goods), the deconsolidation of the multi-brand retail division as of June, 2007.

Extraordinary items include the capital gain on the IPO of AP in 2006 and the capital gain on the disposal of the multi-brand retail division in 2007.

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