Gamma Holding to sell Ames Europe

Gamma Holding intends to sell its subsidiary Ames Europe, part of discontinued operations, to a Dutch private investor with interests that include a printing works and a logistics services company.

The aim is to complete the transaction the coming months. No statement can be made about the sum involved. Ames Europe has a total of 119 employees. As things stand at present, the proposed sale is not expected to have any impact on employment. There will be consultation with the social partners about this transaction.

Ames Europe's turnover is approximately EUR 17 million. The company makes industrial knitted fabrics and has facilities in Enschede (The Netherlands) and Remiremont (France).

Executive Board, Gamma Holding N.V.

Helmond, The Netherlands, 15 May 2006

Profile

Gamma Holding develops, manufactures and sells innovative, high-quality textile-based products throughout the world. The company has some 7,500 employees in 39 countries. Its headquarters are located in Helmond (The Netherlands) and its shares are listed on Euronext Amsterdam.

Gamma Holding comprises two sectors, Gamma Technologies and Gamma Comfort & Style, with activities in the field of belting, filtration, coated fabrics and composites, sailcloth technology, as well as sleep care and exotic fabrics. The company is a leading global player in its selected niche markets.