ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.

09.06.2010

Roedental, June 9, 2010 - The Zapf Creation Group today announced 
that as part of the constructive negotiations with the banking 
consortium regarding the terms of the Group's long-term financing, 
the banks have agreed to waive compliance with key financial 
covenants until June 30, 2010.

Further information:
Zapf Creation AG
Mönchrödener Str. 13
D-96472 Roedental
Germany

Tel.: +49 - (0) 9563 - 725 - 1513
Fax: +49 - (0) 9563 - 725 - 1321
E-mail:  info@zapf-creation.de

For the press:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Tel.: +49 (0) 54 04 - 91 92 0
Fax: +49 (0) 54 04 - 91 92 29

end of announcement                               euro adhoc

Further inquiry note:

Claudia Dorst
Telefon: +49 (0)9563-7251-513
E-Mail: claudia.dorst@zapf-creation.de

Branche: Consumer Goods
ISIN: DE0007806002
WKN: 780600
Index: MDAX, CDAX, Classic All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade