Essen, August 12, 2009. Arcandor’s Management Board and the preliminary insolvency administrator aim at developing a future perspective for as many insolvent companies as possible. The Arcandor Management Board will end its search for a new anchor investor for Arcandor AG on 15 August 2009. Due to most recent developments and a difficult market environment the prospects for attracting an anchor investor allowing the Group to continue as a going concern are by now considered to be extremely low. The Management Board is now particularly focussing on finding investors for the Group's retail segments, Karstadt and Primondo. Therefore we expect good prospects. Arcandor Group chairman Dr. Karl-Gerhard Eick, supports the preliminary insolvency administrator to his best endeavours as long as expedient.

Press contact:

Arcandor AG
Corporate Communications
Gerd Koslowski
Telephone: +49 (0)201 727 25 38
gerd.koslowski@arcandor.com