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 Thursday December 20 2001
Accell Group announces private placement of new shares
Accell Group N.V. announces that it has issued 290,000 new shares through a private placement. The total number of outstanding shares has, as a result, increased by 9.9% to 3,215,853. The proceeds of the private placement will be used for the acquisition of Winora Group, based in Sennfeld Germany. The issue and placement will be completed as of 20 December 2001.

Monday October 29 2001
Accell Group strengthens position on German market
Accell Group N.V. announces that it acquired the Winora Group in Germany, with the strong national brands Winora and Staiger, from German bicycle producer Derby Holding (Deutschland) GmbH. The acquisition will considerably strengthen Accell Group's market position in Germany. After the Netherlands, Germany is the main market for high-quality bicycles in Europe. Winora Group will make an immediate contribution in 2002 to Accell Group's earnings per share.

Thursday October 18 2001
Accell Group approached by Union
Accell Group announces that it has been approached by Dutch bicycle manufacturer Union for a possible participation in or take over of Union. Following the breaking up of the announced merger with Belgian United Bicycles, Union has been considering possible next steps. Accell Group will consider Union's company details and will then decide whether a take over or participation is in Accell's best interest or not.

Thursday May 17 2001
Accell moves part of production to Hungary
Accell Group N.V. is going to establish a production facility in Hungary and reduce the assemblage of Hercules bicycles in Germany. As from 2002 this production relocation will bring about substantial savings and open possibilities for future market positions in Eastern Europe. In Hungary a new factory will be built for lacquering bicycle frames, for producing bicycle wheels and assembling bicycles.

Friday February 16 2001
Accell Group books 41% rise in net profit
Accell Group N.V. booked full-year 2000 net profit from ordinary operations of EUR 4.2 mln, a rise of 41% compared with 1999. Turnover rose by 36% to EUR 204 mln, from EUR 150 mln in 1999. Sparta was fully consolidated for the first time in 2000. Organic growth accounted for 21% of turnover growth. The results realised make Accell Group one of the most profitable international players on the European bicycle market.

Thursday January 25 2001
Accell Group announces changes in management
Accell Group N.V. announces that Mr W.A. de Jong, Finance Director, is to leave the company as of 1 May 2001. Mr de Jong has been asked to join Motip Dupli Groep B.V. in Wolvega as COO and will also become a shareholder in this company. Mr H.H. Sybesma will take over Mr de Jong's tasks. Mr Sybesma has been controller at Batavus since 1995 and has also carried out a variety of tasks at all foreign subsidiaries of Accell Group.

Thursday July 13 2000
Accell H1 net down 42%
Accell reported on Thursday net profit for the first-half of 2000 fell 42% to EUR 1.8 mln, compared with net profit of EUR 3.1 mln the company booked in the comparible period of 1999. The company saw a strong recovery in turnover and net profit. Turnover increased 33% from EUR 90.4 mln to EUR 119.8 mln.

Friday February 11 2000
Accell net profit down 32%
Accell reported on Friday net profit for 1999 fell 32% to EUR 3.0 mln, compared with net profit of EUR 4.4 mln the company booked in the comparible period of 1998. Turnover increased 1% from EUR 149.4 mln to EUR 150.3 mln. Operating income fell 32% from EUR 8.8 mln to EUR 6.0 mln. Earnings per share for 1999 fell 35% to EUR 1.06, compared with earnings per share of EUR 1.62 for 1998.

Wednesday November 17 1999
Accell hit by higher yen
Accell issued a profit warning yesterday, saying that 1999 earnings woul;d be between 30% and 35% down on 1998's figures.It was due to the 20% increase in the yen exchange rate and the Taiwanese earthquake which had delayed components supply.The company is to raise its price between 3% and 5% to compensate.

Tuesday September 28 1999
Accell acquires Sparta
Accell Group announced on Tuesday that it has reached an agreement in principle with the shareholders of bicycle company Sparta to takeover all shares in Sparta. The takeover sum was not disclosed. Accell said that Sparta will become an independent subsidiary in Apeldoorn. About 50 of the 160 jobs will be lost due to the integration and reorganisation, Accell said.

Wednesday September 1 1999
Batavus in talks with Sparta
Accell Group said on Wednesday that its bicycle subsidiary Batavus is in talks with rival Sparta on a possible takeover. Accell said the talks could lead to the development of certain projects together with Sparta, but also to a takeover. Accell would be especially interested in Sparta's know-how in building electrically and motor-powered bicycles.

Thursday July 15 1999
Accell H1 net profit up 11%
Accell reported on Thursday net profit for the first-half of 1999 increased 11% to NLG 6.9 mln, compared with net profit of NLG 6.2 mln the company booked in the comparible period of 1998. Turnover decreased 3% from NLG 206.1 mln to NLG 199.3 mln. Operating income increased 6% from NLG 12.7 mln to NLG 13.4 mln.

Friday February 12 1999
Accell net profit up 46%
Accell reported on Friday net profit for 1998 increased 46% to NLG 9.8 mln, compared with net profit of NLG 6.7 mln the company booked in the comparible period of 1997. Turnover increased 9% from NLG 302.3 mln to NLG 329.2 mln. Operating income increased 36% from NLG 14.2 mln to NLG 19.3 mln. Earnings per share for 1998 increased 39% to NLG 3.56, compared with earnings per share of NLG 2.57 for 1997.

Thursday September 10 1998
Atag hives off bike division
The Atag group is to list its bicycle division as a separate company on the Amsterdam stock exchange in October, under the name Accell. Atag will continue as a supplier of kitchens and heating equipment. Accell chairman Hans Wezenaar said the demerger was necessary because the two divisions focused on different markets.

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