DGAP-News

CORRECTION NOTIFICATION: Ludwig Beck am Rathauseck-Textilhaus Feldmeier AG: LUDWIG BECK records improved earnings and a 1.1% gain in sales for the 1st nine months of 2014 - Textile retail sector ends with a negative growth - Seite 2

recently deceased Mr. Toni Feldmeier - a former co-owner of the company and
minority shareholder of the holding company for the real estate at the
Munich Marienplatz - due to transactional costs (including gift tax) in the
amount of EUR 0.3m. With the will execution LUDWIG BECK's shares in the
real estate holding company increased by 18.27% from 67.67% to 85.94%.

The operational result (EBIT) was EUR 4.7m (previous year: EUR 5.4m), the
EBIT margin was 8.0% (previous year: 9.4%). Earnings before taxes (EBT)
reached EUR 3.8m (previous year: EUR 4.1m). Earnings after taxes rose,
partially due to tax situation optimizations, and amounted to EUR 2.9m
after nine months (previous year: EUR 2.7m).

Outlook
LUDWIG BECK, as well as the entire sector, is faced with trans-boundary
factors having a potential influence on business developments that
currently is hard to predict. The Ukraine crisis is still lingering, the
Ruble declining, the situation in the Middle East a growing threat in the
eyes of consumers, fear of Ebola is spreading and the German economy is
slowing down - a whole chain of conditions has the potential to put
pressure on the demand for fashion in the months to come. Moreover, weather
conditions, even though an inherent part of the business, have become
imponderables. The actual weather situation rarely corresponds with past
empirical data anymore, as was apparent this summer.

Despite these adversities, the Group sees itself in a stable position and
counts on its unique business model. Compared to many other competitors in
the sector, who depend on brick-and-mortar businesses, LUDWIG BECK - with
its upscale selection and a sales atmosphere that is unique in all of
Germany - has the potential to cushion external risks to a large part. The
re-opening of the new and expanded Men's Fashion department is expected to
generate additional positive momentum. Furthermore, the online platform at
www.ludwigbeck.de offers the corporation a second successful pillar of
growth.

This is why LUDWIG BECK Executive Board member, Dieter Münch, besides
considering the currently unusually large number of business risks, also
keeps his eye on the self-generated opportunities: Our still young online
business fulfills expectations. The re-opening of Men's Fashion at the
Marienplatz flagship store was another success. Moreover, upcoming holiday
sales should, as in previous years, make positive contributions to 4th
quarter sales.

In its forecast for this year, management takes into account the current
situation and still expects a sales growth on Group level in the lower