[Translation]

April 8, 2016
To Whom It May Concern:
WACOAL HOLDINGS CORP.
Yoshikata Tsukamoto
President and Representative Director(Code Number: 3591)(Tokyo Stock Exchange, First Section)
For Inquiries:
Akira Miyagi
General Manager of Corporate Planning(Telephone: 075-682-1010)

Announcement Regarding a Petition for Reorganization Proceedings (Reorganization Law in France) by aConsolidated Subsidiary Located in France
We hereby announce that Eveden Huit SAS (Rennes, France), one of our consolidated subsidiaries,
petitioned for reorganization proceedings (Redressement Judiciare) with the Rennes Commercial Court inFrance on April 1st, 2016, and was ordered to commence reorganization proceedings by such court onApril 7th.
Details
1. Grounds for Petition
Eveden Huit SAS is a 100% subsidiary of Wacoal Europe Ltd., and sells Huit branded lingerie andswimwear. The recent price polarization of the lingerie and swimwear market in France and a decreaseof the specialty shop channel, has led to a steady decline in sales and mounting losses. Various measures
such as improving sales efficiency have been unsuccessful, and after abandoning self-rehabilitation, thesubsidiary petitioned for reorganization proceedings.
2.

Total Debt (as of December 31, 2015)
10,345,000 Euros1

[Translation]

3.

Outline of the SubsidiaryA.

NameEveden Huit SAS

B.

Location

21 Rue du Bignon ZI Sud Est, Rennes, FranceC.

Name/Title ofPatrick Bordessoule, Director and President

RepresentativeD.

Description of

Manufacturing and distribution of ladies underwear and swimwear

BusinessE.

Capital Amount

100,000 Euros (as of March 31, 2016)

F.

Date of Incorporation April 14, 2010

G.

Major Shareholder

Wacoal Europe Ltd. 100%and Shareholding
Ratio
H.

Relationship betweenWacoal Holdings
Corp. and Eveden
Huit SASI.

CapitalRelationship

Wacoal Holdings Corp. is the parent company whichholds 100% (direct 0%, indirect 100%) of Eveden
Huit SAS shares.

Personnel

There is no personnel relationship between Wacoal

Relationship

Holdings Corp. and Eveden Huit SAS.

Business

There is no business relationship between Wacoal

Relationship

Holdings Corp. and Eveden Huit SAS.

Status as a

Eveden Huit SAS is considered a related party

Related Party(consolidated subsidiary of Wacoal Holdings Corp.).

Business Results for the Most Recent Three (3) Years (in thousand Euros unless otherwisespecified)Fiscal year ended

Fiscal year ended

Fiscal year ended

March 2013

March 2014

March 2015

Total Assets

7,442

6,527

6,349

Net Assets-—7,005-14-2,993-70.05-0.14-29.93

Sales

7,207

8,136

6,534

Operating Profits-2,725-2,412-2,979-2,725-2,412-2,979-27.25-24.12-29.79Net Assets Per Share(Euros)

Current Net Income
Attributable to the Parent
Company Shareholder
Current Net Income Per
Share (Euros)2[Translation]

4.

Outlook
We are currently examining the financial loss that will arise from this matter, but the impact on theconsolidated business results of Wacoal Holdings Corp. will be minor. We will announce the expected
loss to be recorded for the fiscal year ending in March 2017 as part of the financial outlook for the fiscal
year ending in March 2017 that will be disclosed in May 2016.
(Note) The board of directors of Eveden Huit SAS passed a resolution to petition for reorganization
proceedings at the March 31st board meeting, but, under local guidance, this resolution was announced
after the court’s order for commencement of reorganization proceedings.
-End-3