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Kayser Bondor Ld. (62HF)

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Thursday 16 March, 2006

Kayser Bondor Ld.

Statement re Directors Report

Kayser Bondor Ld
16 March 2006



                     Kayser Bondor Limited (the 'Company')

                             Company Number: 229735


   Re: Directors' Report to the Final Statements on Statement of Fundamental
                                  Uncertainty


The Company wishes to draw attention to the following statement published in its
final statements and released today in a separate announcement:


On 13 January 2005, Sara Lee Corporation announced that it proposed to divest
itself of the businesses known as European Branded Apparel. These divestitures
could include most of the business of Courtaulds Textiles (Holdings) Limited.

The directors are also aware that a disposal of the business could result in an
accelerated pension funding requirement under Section 75 of the Pensions Act
1995 that, if triggered, may be in excess of the deficit calculated in accounts
of Courtaulds Textiles (Holdings) Limited.

At the date of signing these accounts, Sara Lee Corporation has submitted to the
UK Pensions Regulator a formal Funding and Guarantee Agreement for clearance
contingent upon a disposal taking place. The UK Pensions Regulator has not given
final sign-off on these arrangements and the agreement has not been executed;
accordingly, the details, timing and impact of any potential transactions are
not known with any certainty.

In addition the company is reliant on the recovery of the intercompany debts
owed to it by other members of the Courtaulds business to meet its obligations
on a timely basis. Any disposal may impact on the recoverability of these
amounts.

The company has received confirmation from its ultimate UK parent undertaking,
Sara Lee Investments, that it will provide financial support necessary to meet
its obligations for a period represented by the earlier of the date of disposal
or a period of 13 months from the date of signing of these accounts.

The directors however believe that due to the potential impact of any disposal
there is a fundamental uncertainty over the ability of the entity to continue as
a going concern beyond the date of disposal. However the directors believe that
due to the continued support of Sara Lee Investments and the absence of any
formal sale agreement it remains appropriate to prepare the accounts on a going
concern basis.

For further enquiries:
Sara Lee UK Holdings Limited
225 Bath Road
Slough
Berkshire SL1 4AU




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      TRBSGDXRBBGGLL                                                                                                                                                                                                                                                 

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