We look forward to a fruitful working relationship with Lennart Björk and with Gant's staff and partners in the months and years to come".
In view of the fact that Maus Frères owns 95.6 percent of the shares and votes in Gant, Maus Frères will now commence a 'squeeze out' procedure.
Maus Frères' offer, through its subsidiary Procastor, to the shareholders in Gant to acquire all shares in Gant for SEK 310 per share expired on 11 January 2008.
Maus Frères will compensate the shareholders in Gant who accepted the Offer with an amount of SEK 10 per share tendered in the Offer. The compensation will be paid as soon as practically possible.
Maus Frères is delighted that Lennart Björk has agreed to remain as Chairman of Gant.