GrandVision appoints Stephan Borchert as member of Management Board as of 15 January 2018

Schiphol, the Netherlands - 14 December 2017. GrandVision N.V. (Euronext: GVNV) announced today that its Extraordinary General Meeting (EGM) has approved the appointment of Mr. Stephan Borchert as member of the Management Board, effective as of 15 January 2018.

The Supervisory Board of GrandVision N.V. is pleased to have attracted such a broadly experienced international retail professional and is confident that its growth strategy will continue successfully with the combined experience of Stephan Borchert and the GrandVision leadership team.

Stephan Borchert, 47, a German national, has in depth retail experience with a variety of service oriented retailers. He began his professional career at fashion retailer Peek & Cloppenburg and then became a partner at Roland Berger Strategy Consultants. He went on to become president of Red Earth in Hong Kong and managing director of the international business of multinational cosmetics company Douglas, leading 750 retail locations in 18 countries. He then became member of the Executive Board at Celesio, which included responsibility for over 2,200 company owned pharmacies in numerous countries. As EMEA president of Sephora he managed more than 1,000 locations in 23 countries.