Extraordinary General Meeting of Shareholders adopts all resolutions

Vianen, 12 December 2008.

Blue Fox Enterprises N.V. (Blue Fox) announces that during the Extraordinary General Meeting of Shareholders (EGM) held today, the shareholders have adopted all resolutions. The shareholders approved the appointment of Mr Pieter Aarts (41) as chairman of the Executive Board and Mr Jan- Hein Pullens (36) as member of the Executive Board as of 1 January 2009. Mr Arie van Leusden, the current executive director ad-interim, will resign per the same date. With Mr Servaas Houtakkers stepping down from the Executive Board as delegated Supervisory Board member, the Executive Board will consist of two members as per 1 January. Following the appointment of Mr Dirk Lindenbergh (59) to the Supervisory Board at today’s EGM, the Supervisory Board now consists of three members: Servaas Houtakkers (chairman), Leon van den Boom and Dirk Lindenbergh.

Furthermore, the shareholders adopted the proposal to amend the articles of association, necessary to enable capital reduction by decreasing the nominal value of the shares, and granted approval to issue new shares.

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Vianen, 19 November 2008

Strengthening capital structure

Blue Fox Enterprises NV (BFE) announces that, coordinated by its majority shareholder Todlin NV, it has reached agreement with the large majority of its major shareholders, its financier and a number of the holding’s creditors on the strengthening of its capital structure through the placement of a compulsory convertible loan. This enables the further roll-out the company’s stand-alone scenario and the appointment of new executive board members. more

Blue Fox adjusts 2008 expectations and focuses on stand alone scenario.

Vianen, 5 November 2008.

Revenue amounts to € 8.5 million in the first nine months of 2008, down € 1.2 million in the same period of last year.

Operating result of € 0.9 million negative (first nine months of 2007: € 1.2 million negative)

Discussions with various potential partners about medium-term options.

Focus on independent future with strengthened capital structure.

Scenarios for the future

Blue Fox Enterprises has conducted intensive talks with various potential strategic and financial partners in the context of the two-track policy on scenarios for the future. This has yielded several options which are being evaluated for feasibility in the medium term. At the moment, the focus is on an independent continuation of Blue Fox and on the options for strengthening the capital structure. Disappointing results at NedGraphics, particularly in the third quarter and partly due to the global economic conditions, mean Blue Fox will not yet achieve a positive cash flow in the second half of 2008. more

Vianen, 01 September 2008.

Key figures first-half results 2008

• Net loss € 4.1 million (H1 2007: a profit of € 5.8 million), mainly due negative result on the sale of Porini
• Operating result of continued activities improved to a loss of € 0.6 million (H1 2007: loss of €1.0 million) as a result of the reduction of holding costs
• Revenue of continued activities down 10% compared with the same period of last year Exploratory conversations with potential buyers have so far not yielded results

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Vianen, 26 June 2008.

Blue Fox Enterprises N.V. (Blue Fox) announces it has finalised the sale of its operating company Blue Fox Porini Srl (Porini) to Gruppo300sessanta SpA (Gruppo300sessanta). Blue Fox had already received approval from its shareholders for the intended sale in the Extraordinary Meeting of Shareholders of 29 April 2008.

The acquisition of Porini by Gruppo300sessanta, which was first announced on 14 April last, was subject to a number of conditions, among which shareholder approval and approval from Microsoft, as the sale would result in a change of control. Now that all approvals are granted, the transaction has been finalised.

Note: The press release is sent by Blue Fox Enterprises. Blue Fox is the first and only supplier of completely integrated software solutions for the international textile- and apparel industry. Blue Fox is listed on Euronext Amsterdam.

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Vianen, 26 May 2008.

In response to the articles that appeared in the financial media following the Annual General Meeting of Shareholders, held 23 May last, Blue Fox Enterprises N.V. (Blue Fox) emphasizes that it continues to follow the two tier track, as formulated and communicated since 2006. This means that there are several options for Blue Fox, including continuing on a stand alone basis, as well as conversations with third parties.

From time to time, Blue Fox has been and is being contacted by several parties, as communicated before. In some occasions, these contacts lead to exploratory talks. With reference to the articles that are currently in the media, Blue Fox announces that as far as exploratory talks are being held at this point in time, these are at a very early stage. It is completely uncertain whether these will lead to any conclusion and if so, what such a conclusion could be.

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Vianen, 29 April 2008.

Blue Fox Enterprises N.V. (Blue Fox) announces that during the Extraordinary General Meeting of Shareholders held today, the shareholders approved the proposal to divest Blue Fox Porini. On 14 April last, Blue Fox announced it was in advanced negotiations with Gruppo300sessenta SpA (Gruppo300sessanta) for the sale of Blue Fox Porini. The intended effective date is 1 April 2008. The proposed sale is a sensible transaction for both Blue Fox and Porini. Blue Fox is convinced that Porini will be better able to realise its full potential. After the shareholders’ approval for this proposal, the only pending condition for the divestment is Microsoft’s approval, required due to a change of control situation. The guarantees involved, will be limited to the acquisition amount. Blue Fox expects to complete the transaction before the summer.

During the EGM the resignation of Mr. Cees van Steijn as CEO of Blue Fox as of 1 May 2008 was approved. A three month notice period will be paid. Mr Van Steijn was discharged for his management. Furthermore, during the EGM Mr. Arie van Leusden was appointed CEO as of 1 May 2008. He will be active at Blue Fox for one or two days a week and his remuneration will be EUR 1,500 per day. A two months notice period has been agreed upon.

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Extraordinary meeting of shareholders on 29 April 2008

Vianen, 14 April 2008.

Blue Fox Enterprises N.V. (Blue Fox) announces it is in advanced negotiations with Gruppo300sessanta SpA (Gruppo300sessanta) on the sale of its operating company Blue Fox Porini. As the talks held with potential strategic partners for Blue Fox as a whole have failed to yield a result, Blue Fox decided at the end of 2007, as previously announced, to begin exploring the options for each of its separate activities. This has resulted in the intended sale of Porini. Blue Fox will put this intended transaction to its shareholders during an Extraordinary General Meeting of shareholders on 29 April.

Gruppo300sessanta, based in Como (Mi) is an Italian holding company with stakes in various Italian and international mid-sized companies, among which several ICT companies. Porini is active in the field of textile and apparel software with Enterprise Resource Planning (ERP) software and has activities in Italy and the US. Porini has 71 employees. The acquisition of Porini is subject to a number of conditions. One of the most important of these is approval from Microsoft, as the sale results in a change of control. Blue Fox expects to complete the transaction before the summer. more

Vianen, 17 March 2008

Highlights Annual Results 2007

• Net profit € 4.6 million positive (2006: net loss € 7.0 million), mainly as a result of gains on divestments
• Substantial investments in ERP software and relatively high costs for the holding resulting in an operating loss of € 1.3 million (2006 operating loss: € 7.6 million)
• Financial position improved due to sale of operating companies and refinancing; increase in solvency to 47.6% (2006: 10.7%)
• Talks with strategic partners for Blue Fox as a whole met with no results yet; options for the separate activities are being explored

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