RNS Number : 2423C
  Burani Designer Holding N.V.
  28 August 2008
   

    BURANI DESIGNER HOLDING N.V.

    UPDATE ON PARTIAL TENDER OFFER FOR UP TO 15% SHARES IN MARIELLA BURANI FASHION GROUP


    Burani Designer Holding N.V. ("BDH") (AIM: BRDH), a company offering Italian lifestyle products and services to customers world-wide,
announces that its subsidiary Mariella Burani Family Holding S.p.A. ("MBFH") has today filed with Consob an Offer Document in relation to
the partial tender offer (the "Offer") for up to 4,486,154 shares in its subsidiary Mariella Burani Fashion Group S.p.A ("MBFG"), which was
announced on 8 August 2008.

    BDH notes that in connection with the tender offer Burani Private Holding S.p.A, the controlling shareholder of BDH owning 53.3% of the
share capital of BDH, has created a pledge over 22,681,145 shares of BDH (representing 30% of BDH share capital) in favour of Centrobanca
S.p.A. as a guarantee for the debt facility (the "Facility") entered into by MBFG in connection with the funding of the Offer.

    In addition, as a further guarantee under the Facility, BDH has created a pledge over its entire stake in MBFH (depending on the take up
of the partial tender offer, BDH will hold not less than 92.5% of MBFH) and MBFH has created a pledge over its entire current stake in MBFG
(equal to 60.88% of MBFG) in favour of Centrobanca S.p.A.

    The full text of the announcement made by MBFH is set out below.

    Pursuant to Article 102(3) and 114 of Legislative Decree No. 58, 24 February 1998, as subsequently amended (the "TUF"), we hereby give
notice that at the date hereof Mariella Burani Family Holding S.p.A. (the "Offeror" or "MBFH") has transmitted to CONSOB, in accordance with
the terms of Article 102(3) of the TUF, the offer document to be published jointly with the documents relating to the creation of the
performance guarantees for payment of the amount due to the shareholders who accept the voluntary partial public tender offer (the "Offer")
for the purchase of ordinary shares of Mariella Burani Fashion Group S.p.A. ("MBFG" or the "Issuer"). 

    This notice is further to the notice dated 8 August 2008, published pursuant to Article 102(1) of the TUF, which announced the launch by
MBFH of the Offer for the purchase of 4,486,154 ordinary shares of MBFG not held by it, equal to 15% of the share capital of MBFG, at a
price of Euro 17.50 per share tendered, except in the event the quantity of shares tendered exceeds 15% of the share capital of the Issuer
and the Offeror may purchase only a pro- rata amount of the tendered shares from each holder, in which case no money will be paid for the
shares tendered but not accepted for purchase and such shares will be returned to their respective holders. 

    The following are excluded from the Offer: 
    *     18,206,379 MBFG shares, equal to 60.88% of the share capital of the Issuer, owned by MBFH;
    *     5,000 MBFG shares, equal to 0.017% of the share capital of the Issuer, in which Walter Burani holds a usufruct interest and Andrea
Burani holds a bare property interest;
    *     103,150 MBFG shares, equal to 0.343% of the share capital of the Issuer, owned by Walter Burani directly;
    *     257,564 treasury shares held by the Issuer equal to 0.86% of the share capital of the Issuer. 

    We also hereby give notice that MBFH has provided the offer document to the Issuer.  

    The financial advisor to the Offeror and the Collection Co-ordinator is Centrobanca - Banca di Credito Finanziario e Mobiliare S.p.A.;
the financial advisor to Burani Designer Holding N.V. is Mediobanca - Banca di Credito Finanziario S.p.A; the tax advisor is Studio
Fontanesi and the legal advisor is Legance Studio Legale Associato.

    Please see the notification pursuant to Article 102(1) of the TUF dated 8 August 2008 for further details relating to the offer. 
Enquiries:
 
    
 Burani Designer Holding N.V.         Tel: +39 027 642 0111 / +39 348 256 1971
 Carol Brumer (cbrumer@buranidh.com)                                          
                                                                              
 Lehman Brothers                                                              
 Matteo Saviotti                                          Tel:+44 207 102 1000
 Alexander Thomas                                                             
                                                                              
 Citigate Dewe Rogerson                                  Tel: +44 20 7638 9571
 Sally MarshakLindsay Noton                                                   


This information is provided by RNS
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