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Jelmoli (VTX:JEL) Plans Extraordinary Shareholder Meeting In The Second Half Of January 2009

Jelmoli (VTX:JEL) Corporate news announcement processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- Jelmoli Holding AG announces today that the Extraordinary Shareholders' Meeting to approve the strategic plan proposed by the Board of Directors is planned to be held in the second half of January 2009.

Despite the challenging market environment, the Board of Directors believes that the reason for the delay of the Extraordinary Shareholders' Meeting, initially planned for November 5, 2008, is now no longer an impediment to the proposed transaction. In the light of the anticipated broad public support of all major shareholders the Board of Directors expects to be able to implement the strategic plan, including the distribution and listing of the investment company shares, within a short period after the shareholders meeting. Furthermore, Jelmoli has been informed by Gustav Stenbolt, one of its non-executive Board members, of his intention to step down from the Board of Directors as of 31 December 2008. He has decided to retire from his role at Jelmoli due to his increasing business commitments outside the group. "The Board of Jelmoli wishes to thank Mr. Stenbolt for his significant contributions to Jelmoli as former Chief Executive and as a member of the Board of Directors. Mr. Stenbolt also played a key role in the development and implementation of the strategic plan, which will position Jelmoli for a continued successful development in the future," said Christopher Chambers, Chairman of the Board of Directors.

Contact person

Media: Dr. Matthias Knill, Hirzel. Neef. Schmid. Konsulenten +41 (0)79 218 16 30, eMail: matthias.knill@konsulenten.ch

Internet: www.jelmoliholding.ch / www.huginonline.ch/JEL WAP mobile: wap.huginonline.com (Press Releases Jelmoli) E-mail: info@jelmoliholding.ch

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St. Annagasse 18 Zürich

WKN: 851225; ISIN: CH0000668464; Index: SMCI, SPI, SPIEX; Listed: Main Market in SWX Swiss Exchange;

LINK: http://hugin.info/100248/R/1273656/282991.pdf

Jelmoli

http://www.jelmoli-holding.ch/

ISIN: CH0000668464

Stock Identifier: XSWX.JEL

US: JMLIF.PK

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