Jelmoli plans extraordinary shareholder meeting in the second half of January 2009

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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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