Accell Group increased turnover and profit in the first half of 2005. Turnover in the first half of the year rose
to €213.8 million, up 5% compared with €204.3 million in the first six months of 2004. A good sales mix combined with a higher margin resulted in an increase of net profit to €9.6 million, up 26% from €7.6 million in the first half of 2004. Earnings per share came in at €1.10, up 22% from €0.90 reported in the first six months of 2004.

René Takens, Chairman of the Executive Board of Accell Group: We once again succeeded in
significantly improving our results in the first half of the year. Organic turnover remained at the same
level as in the first half of 2004. In view of the high sales levels in that period and given the reluctance
among consumers to spend their money, this proves that persisting with our strategy is the route to
success. In the first half of the year, we have deliberately opted for returns at expense of the lower
price ranges. This loss of turnover was compensated by growth in our core sector, which is on average
positioned in the higher end of the market. By maintaining the focus on innovation and product
development, as well as on equipment and service, we can continue with our brands to respond as
effectively as possible to the wishes of critical consumers and the demands they place on modern
bicycles, fitness equipment and the use of same. This puts us in an excellent position to benefit, now
and in the future, from the sustainable trend towards healthier living and more exercise .

Key developments in the first half of 2005
In the past six months, turnover increased through the consolidation of acquisitions made in the second
half of 2004. Excluding those, Accell Group s turnover was at the same level as in the strong first half
of 2004.

Accell Group positions its brands in the middle and higher segments of the market. A key component
of the strategy is the close cooperation with dealers, as they translate the distinctive advantages of
Accell Group s products to the consumer. The effort to operate as closely as possible to the market
was once again at the very heart of Accell Group s success in the first half of 2005. It is clear that
products which are innovative and distinctive, driven by added value (comfort, design, safety and
reliability), continue to appeal to large groups of consumers. The focus on returns meant sales in the
lower market segments lagged, with the result that, in total, Accell Group sold fewer bicycles in the
first half of this year than in the comparable period of last year. However, the average price of the
bicycles sold by Accell Group was higher. This can be attributed to factors such as a continuing strong
demand for the electrically driven Sparta ION (Bicycle of the Year 2004). Based on these
developments, the gross margin increased and Accell Group was able to book a further improvement
in results.

The trading activities in bicycle parts and accessories also recorded an increase in turnover, both
organically and through the consolidation of Julius Holz in Germany, which has now been merged
Please note that this is a translation of a press release in Dutch. In case of any inconsistency, the Dutch version will prevail with Wiener Bike Parts. The realisation of synergies between the companies in this market segment is
going according to plan and will in the near future have a positive impact on the development of
turnover and profit.

Turnover in the fitness activities also developed positively. The acquisition and creation of a new inhouse
sales organisation in key markets, such as the United Kingdom, Germany and North America,
made a key contribution in this respect. The new collections of brands such as Tunturi and Bremshey
are being well received in the market, which is a significant boost for Accell Group s ambition to
strongly expand its activities in this market segment.

Consumer confidence in the economy remains poor. For the second half of 2005, Accell Group
expects largely the same market conditions. Accell Group will continue to focus on offering
consumers added value with high quality, recognisable products. The attention we devote to the
expansion of the strong brand portfolio and the focused marketing to consumers and dealers are key
factors in this context. In addition to our efforts aimed at increasing organic growth, Accell Group is
actively seeking potential acquisitions in the fields of bicycles, bicycle parts and accessories and
fitness equipment.

Sustained value creation will require continued strict cost controls, inventory management, portfolio
management and further benefits from synergies, combined with increases in scale.
Based on the above-mentioned premises, the prospects for Accell Group for the full year are once
again positive. Accell Group expects an increase in the earnings per share of approximately 10% for
the full year 2005.