RNS Number : 5758Z
  Burani Designer Holding N.V.
  22 July 2008
   

    BURANI DESIGNER HOLDING N.V. 

    Amendment to the BDH Equity Swap Agreement 


    With reference to the Equity Swap Transaction in relation to the ordinary shares of Mariella Burani Fashion Group entered into by BDH
and announced on 27 December 2007, and extended as announced on 26 June 2008, the Company today announces that the Maximum Notional Amount
has been modified to a maximum limit of the lesser of (i) EUR 30,000,000 (unchanged) and (ii) the market value of a number of shares
representing 4.0% (from 3.5%) of the Issuer's share capital or voting rights.

    In all other respects, the terms of the Transaction remain unchanged.

    Defined terms in this announcement have the same meaning as those defined terms in the 27 December 2007 announcement.

    Contacts

    
    Carol Brumer Investor Relations and Strategic Development:, cbrumer@mariellaburani.com, tel.(+39) 02 76420111 
    

    Daniela Zari Corporate Communications:, dzari@mariellaburani.com, tel. (+39) 02 76015354

    Enquiries:

 Burani Designer Holding N.V.         Tel: +39 027 642 0111 / +39 348 256 1971
 Carol Brumer (cbrumer@buranidh.com)

 Citigate Dewe Rogerson               Tel: +44 20 7638 9571
 Sally Marshak
 Lindsay Noton

    www.buranidh.com


    NOTES TO EDITORS

    The BDH Group offers a complementary range of "Italian lifestyle" products and services to an international customer base. BDH is a
player in fashion apparel, leather goods and jewellery through its subsidiary Mariella Burani Fashion Group S.p.A. (MBFG), and in three
complementary business segments - beachwear & underwear, wellness spas & skincare and food design. BDH, listed on London's Alternative
Investment Market (AIM) in June 2007, focuses on growth through the acquisition and integration of quality "Italian lifestyle" businesses
and the creation of operating divisions able to benefit from scale and synergies of the BDH Group. The management believes that the in-depth
knowledge of luxury products, the value created by strategic shareholders, the skills of the BDH team management as well as the Group's
investment approach, represent a great opportunity of value creation for shareholders.

    Mariella Burani Fashion Group (MBFG) designs, produces and distributes world wide a diversified and complementary range of Luxury
apparel, footwear, leather accessory and jewellery collections under its own brands and under license for prestigious international
designers. MBFG founded in 1960 by Walter Burani, Chairman and CEO of the Group listed in the STAR segment of the Italian stock exchange
since July, 2000, is today an internationally recognised public company with an established position in the accessible luxury goods market.
The Group's dynamic revenue growth is attributable to internal development including product diversification, brand expansion, and new
geographic market penetration. The Group has also made strategic acquisitions to capitalise on the know-how and experience developed by
niche players in the Italian apparel, knitwear, textile and leather goods sectors. MBFG manages to provide top quality luxury goods at
accessible prices by capitalising on the strength and flexibility provided by Italy's industrial districts, world renown for their excellence in the development of luxury products. The Group's aim is to become one
of the leading players in the accessible luxury market worldwide by further developing its product offering, its brand portfolio, and its
global distribution network.  





This information is provided by RNS
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