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Jelmoli (VTX:JEL) Sets Date For An Extraordinary Shareholders' Meeting To Be Held On January 23rd, 2009

Jelmoli (VTX:JEL) Corporate news announcement processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- -------------- The Board of Directors of Jelmoli announces that the Extraordinary Shareholders Meeting, planned for the second half of January next year, will take place on Friday, January 23, 2009.

This announcement confirms the Board's commitment to proceed with the Strategic Plan, which it believes is in the best interests of the Company and its shareholders, despite the challenging market environment. Once shareholder and other approvals have been granted, it is envisaged that the shares of Athris Holding AG, the newly created Investment Company, will be distributed to shareholders in February/ March 2009. Trading in the shares will commence upon distribution to shareholders.

"We have worked hard in recent weeks to ensure that the financial flexibility required to execute the Strategic Plan of the Company could be achieved. In addition, we have been able to significantly reduce refinancing costs to the benefit of all shareholders," said Christopher Chambers, Chairman of the Board of Directors. In that context, Jelmoli takes advantage of the current US market environment to refinance its US private placement on favorable terms and will invite in the next days the holders of its outstanding Swiss bonds to a bondholder meeting on January 16, 2009 to receive consent to keep the bonds outstanding.

Completion is subject to shareholder approval, approval by the SIX Swiss Exchange, filing of the respective listing documents with the SIX and further legal and tax review.

Contact persons

Media: Dr. Jörg Neef, Hirzel. Neef. Schmid. Konsulenten +41 79 405 56 32, eMail: joerg.neef@konsulenten.ch

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

This media information contains forward looking statements which express intentions, estimates, expectations and forecasts relating to future financial, operational and other developments and results. Such statements and the underlying assumptions are subject to a variety of risks, uncertainties and other factors which could mean that the actual developments may significantly differ therefrom. Shareholders should further note that even if the general meeting approves the transaction, the consumption of the transaction may fail, in full or in part, or may be delayed, for example if resolutions are challenged or if necessary approvals were not granted. In view of these uncertainties, readers of this media information are cautioned not to place undue reliance on such forward looking statements.

This document does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in the United States or in any other jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make an offer or solicitation. The securities have not been and will not be registered under the United States securities laws and may not be offered or sold in the United States.

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Jelmoli -----------------------------------------
Jelmoli über WAP:
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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/1278696/285342.pdf

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

ISIN: CH0000668464

Stock Identifier: XSWX.JEL

US: JMLIF.PK

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