Hunter Douglas purchases 3,926,480 of its preferred shares

Hunter Douglas purchases 3,926,480 of its preferred shares

Rotterdam, 28 May, 2008 – Hunter Douglas announces that all conditions to the offer to repurchase Preferred Shares, as set forth in the terms and conditions dated 24 April 2008, have been satisfied and declares the offer unconditional. During the offer period, 3,926,480 Preferred Shares have been tendered, of which 776,480 by public shareholders and 3,150,000 by Solimunt N.V.

The purpose of the buyback of Preferred Shares is to secure the application of the provisions of the USA - Netherlands tax convention exempting from US withholding tax dividends and interest paid by US subsidiaries of Hunter Douglas.

As a result of the buyback there are now outstanding 34,453,850 Preferred Shares of which 34,242,517 (99%) are held by Solimunt N.V., a corporation controlled by Ralph Sonnenberg and 211,333 (1%) are owned by public shareholders.

Payment of the offer price, EUR 0.30 per Preferred Share, to the shareholders that have tendered Preferred Shares under the offer is expected to take place on 3 June 2008.

For further information:
Leen Reijtenbagh
Chief Financial Officer
Tel. +31 10 486 9582
E-mail: l.reijtenbagh@hdnv.nl  
Website: www.hunterdouglasgroup.com

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