Gamma Holding strengthens Sleep Care Fabrics and Filtration technology business units

Gamma Holding N.V. is to acquire the company Textiles y Diseños SA (Buenos Aires, Argentina) from its current owners, the Dijiani family. Textiles y Diseños will be included in the consolidated annual accounts of Gamma Holding with effect from 1 December 2003. Moreover Gamma Holding, through its newly formed Goodman Filtration, Inc., Paterson, New Jersey, has also reached an agreement with C. Goodman & Company, Inc. to acquire its filter media business effective January 1, 2004. Both acquisitions represent an important step in the further expansion and strengthening of the Sleep Care Fabrics and Filtration Technology business units.

Textiles y Diseños, founded in 1999, is mainly active in the manufacture of jacquard mattress ticking. Its production facilities are located in Buenos Aires, Argentina. The acquisition will, in particular, strengthen the market position in Argentina and create opportunities to serve other South American countries as well. Textiles y Diseños generates a turnover of approximately EUR 1.4 million.

The acquisition of Textiles y Diseños is in line with the drive to have local production facilities throughout the world. Sleep Care Fabrics focuses on the manufacture of high-quality mattress ticking and buggy and garden furniture fabrics. The business unit now has sales and production facilities in Europe (Belgium, Germany, Czech Republic), the United States of America, South America (Brazil and Argentina), Australia and China.

Goodman Filtration Inc. manufactures and sells filter cloths for wet filtration in the chemical industry and in water-purification applications. With present sales of 1.5 million USD, Goodman is considered to be a specialist in that market supplying both filter press manufacturers and users in the United States.

Goodman Filtration, Inc. is expected to complement Gamma's already existing US entities Madison Filter, Inc. and Crosible, Inc. Gamma's business unit Filtration Technology holds leading positions worldwide in various market segments.

Gamma Holding has financed both acquisitions from available credit facilities. The transactions will have a positive effect on earnings per share.

Executive Board, Gamma Holding N.V.

Helmond, 17 December 2003

Profile

Gamma Holding develops, manufactures and sells innovative, high-quality textile-based products throughout the world. Gamma Holding comprises two sectors (Gamma Technologies and Gamma Comfort & Style) and seven business units with 112 operating companies. The company has more than 9,000 employees spread over 36 countries. With activities in the fields of Belting, Filtration, Coating & Composite and Sailcloth Technology, as well as Sleep Care, Car and Exotic Fabrics, the company is a leading global player. Its headquarters are located in Helmond (The Netherlands) and its shares are listed on Euronext Amsterdam.