Accell Group subsidiary Raleigh ceases production in Canada

Heerenveen (the Netherlands), 15 January 2013 – Accell Group N.V. (“Accell Group”) announces that its subsidiary Raleigh Canada Limited (“Raleigh Canada”) will cease the bicycle manufacturing and assembly activity of its Waterloo, Québec facility in 2013. The facility will continue to support Raleigh Canada’s presence in Canadian market as a distribution and service fulfillment center.