Reg. F 58, ,000 1,477.6 Low. F 56, Reg. F 116, Low. F 23,

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1 Auction Report September 2009 Average price Top price Average price Top price 100 DKK = EUR Offered Sold DKK EUR DKK EUR Offered Sold DKK EUR DKK EUR Black Reg. M 62, Golden Pearl Reg. M 4, Low. M 30, Reg. F 10, Reg. F 90, Dawn Reg. M 4, Low. F 60, Reg. F 4, Black Velvet Reg. M 41, Palomino Reg. M 4, Reg. F 50, Reg. F 6, Mahogany Reg. M 118, Sapphire Reg. M 5, Low. M 45, Reg. F 5, Reg. F 124, Silverblue Reg. M 19, Low. F 68, Low. M 39, Mahogany Velvet Reg. M 61, Reg. F 29, Reg. F 58, ,000 1,477.6 Low. F 56, Brown Reg. M 248, Silverblue Velvet Reg. M 3, Low. M 130, Reg. F 2, Reg. F 302, White Reg. M 21, Low. F 205, Low. M 8, Brown Velvet Reg. M 103, Reg. F 5, Reg. F 116, Low. F 23, Glow Reg. M 317, Regal White Reg. M 4, Low. M 181, Reg. F 7, Reg. F 253, Black Cross Reg. M 3, Low. F 233, Reg. F 1, Glow Velvet Reg. M 107, Aleutian Reg. M 2, Reg. F 68, Reg. F 1, Pastel Reg. M 14, Average price Top price Reg. F 12, Offered Sold DKK EUR DKK EUR Pastel Velvet Reg. M 2, Mink in total Reg. M 1,206, Reg. F 2, Mink in total Reg. F 1,223, ,000 1,477.6 Pearl Beige Reg. M 31, Reg. M+F 2,430, Low. M 12, Silverfox Reg. 1, Reg. F 42, Chinchilla Reg. 10, Low. F 23, Low. 6, Pearl Beige Velvet Reg. M 6, After the September auction the results are as follows compared to the situation at Reg. F 10, the same time last year: 2008 / / 2008 Mink in total: DKK 193 / EUR 25.9 DKK 250 / EUR 33.5

2 Black Black Velvet Black Black Velvet Males 62, Males 41, Females 90, Females 50, Size 30 17, Size 30 9, Size Size Platinum 3, Platinum 3, Burgundy Burgundy Burgundy 7, Burgundy 4, Ivory Ivory A 2, A 1, Size 1 35, Size 1 18, Ivory 3, Ivory Purple Purple IB IB Platinum 7, Platinum 8, II II Burgundy 16, Burgundy 7, Size 00 23, Size 00 18, A 4, A 2, Platinum 5, Platinum 7, Ivory 4, Ivory Burgundy 9, Burgundy 6, IB 2, IB A 4, A 4, II II Ivory 2, Ivory Size 2 32, Size 2 19, IB IB Purple Purple 1, II II Platinum 6, Platinum 8, Size 0 13, Size 0 7, Burgundy 15, Burgundy 6, Platinum 1, Platinum 2, A 5, A 2, Burgundy 6, Burgundy 3, Ivory 2, Ivory A 1, A 1, IB 2, IB Ivory 2, Ivory II II IB 1, IB Size 3 17, Size 3 11, II II Purple Purple 3, Size 1 5, Size 1 5, Platinum 1, Platinum 4, Platinum Platinum 2, Burgundy 5, Burgundy 2, Burgundy 2, Burgundy 1, A 3, A A 1, A 1, Ivory 2, Ivory Ivory Ivory IB 3, IB IB IB II II II II Size 4 4, Size 4 1, Size 2 3, Burgundy 1, Burgundy Burgundy 2, A 2, A 1, Size Ivory Ivory Burgundy IB IB II II Size Size 5 Burgundy Burgundy

3 Mahogany Mahogany Velvet Mahogany Mahogany Velvet Males 118, Males 61, Females 124, Females 58, Size Size Size 0 Size Burgundy Burgundy Burgundy Burgundy A A A A Ivory Ivory Ivory Ivory Size 30 34, Size 30 24, Size 1 48, Size 1 30, Platinum 5, Platinum 9, Purple Purple Burgundy 12, Burgundy 10, Platinum 5, Platinum 13, A 6, A 3, Burgundy 21, Burgundy 12, Ivory 5, Ivory A 8, A 4, IB 2, IB Ivory 8, Ivory II 1, II IB 3, IB Size 00 43, Size 00 27, II 1, II Platinum 8, Platinum 10, Size 2 43, Size 2 20, Burgundy 17, Burgundy 10, Platinum 7, Platinum 8, A 6, A 5, Burgundy 16, Burgundy 7, Ivory 7, Ivory A 8, A 5, IB 3, IB Ivory 5, Ivory II II IB 4, IB Size 0 20, Size 0 10, II II Platinum 2, Platinum 5, Size 3 20, Size 3 6, Burgundy 7, Burgundy 3, Platinum 2, Platinum 3, A 3, A 1, Burgundy 6, Burgundy 1, Ivory 3, Ivory A 5, A 2, IB 2, IB Ivory 2, II II IB 2, Purple size 1 was Erik Neergaards last Size 1 13, II sold lot and 50 skins were sold at a price Burgundy 6, Size 4 11, of DKK per skin. A 2, Burgundy 2, The money from the sale is dedicated Ivory 1, A 4, to Kopenhagen Furs charity work in IB 2, Ivory Namibia. II IB 4, Str. 2 5, Burgundy 2, A 1, Ivory IB II

4 Brown Brown Velvet Brown Brown Velvet Males 248, Males 103, Females 302, Females 116, Size 50 1, Size 50 Size 00 Size Platinum Platinum Platinum Platinum Burgundy Burgundy Burgundy Burgundy Ivory Ivory Ivory Ivory II II II II Size 40 8, Size 40 7, Size 0 15, Size 0 4, Platinum Platinum 2, Platinum Platinum 1, Burgundy 5, Burgundy 4, Burgundy 8, Burgundy 2, A 1, A 1, A 1, A Ivory Ivory Ivory 3, Ivory IB IB IB 1, IB Size 30 92, Size 30 46, Size 1 146, Size 1 66, Platinum 9, Platinum 16, Platinum 11, Platinum 24, Burgundy 35, Burgundy 19, Burgundy 67, Burgundy 27, A 12, A 9, A 22, A 14, Ivory 19, Ivory Ivory 27, Ivory IB 12, IB IB 15, IB II 2, II II 2, II Size 00 88, Size 00 38, Size 2 95, Size 2 35, Platinum 8, Platinum 12, Platinum 13, Platinum Burgundy 30, Burgundy 17, Burgundy 32, Burgundy 19, A 15, A 8, A 18, A 8, Ivory 20, Ivory Ivory 15, Ivory 7, IB 11, IB IB 11, IB II 1, II II 4, II Size 0 28, Size 0 10, Size 3 32, Size 3 9, Platinum 2, Platinum 4, Platinum 2, Platinum 3, Burgundy 8, Burgundy 3, Burgundy 9, Burgundy 2, A 4, A 3, A 8, A 4, Ivory 4, Ivory Ivory 3, Ivory IB 6, IB IB 8, IB II 1, II II II Size 1 20, Size 1 Size 4 12, Size 4 Burgundy 9, Burgundy Burgundy 2, Burgundy A 4, A A 5, A Ivory 2, Ivory Ivory Ivory IB 3, IB IB 3, IB II II II II

5 Glow Glow Velvet Glow Glow Velvet Males 317, Males 107, Females 253, Females 68, Size 40 14, Size 40 8, Size 0 18, Size 0 6, Platinum 1, Platinum 2, Purple Purple Burgundy 6, Burgundy 3, Platinum 1, Platinum 1, A 2, A 2, Burgundy 7, Burgundy 3, Ivory Ivory A 3, A 2, IB 3, IB Ivory 2, Ivory II 1, II IB 2, IB Size , Size 30 53, II II Platinum 7, Platinum 14, Size 1 118, Size 1 32, Burgundy 48, Burgundy 27, Purple Purple A 14, A 12, Platinum 12, Platinum 11, Ivory 33, Ivory Burgundy 43, Burgundy 11, IB 23, IB A 20, A 9, II 6, II Ivory 22, Ivory Size 00 92, Size 00 34, IB 17, IB Platinum 9, Platinum 11, II 2, II Burgundy 30, Burgundy 12, Size 2 61, Size 2 19, A 16, A 10, Purple Purple Ivory 17, Ivory Platinum 6, Platinum 7, IB 15, IB Burgundy 22, Burgundy 7, II 2, II A 8, A 5, Size 0 45, Size 0 10, Ivory 9, Ivory Platinum 4, Platinum 4, IB 11, IB Burgundy 12, Burgundy 3, II 2, II A 5, A 2, Size 3 43, Size 3 9, Ivory 6, Ivory Purple Purple IB 14, IB Platinum 2, Platinum 2, II 3, II Burgundy 10, Burgundy 2, Size 1 24, Size 1 A 9, A 4, Burgundy 9, Burgundy Ivory 3, Ivory A 4, A IB 16, IB Ivory 3, Ivory II 1, II IB 6, IB Size 4 11, Size 4 II II Platinum Platinum Size 2 6, Burgundy 2, Burgundy Burgundy 1, A 4, A A 1, Ivory Ivory Ivory IB 4, IB I 2, II II

6 Pastel Dawn Pastel Dawn Males 14, Males 4, Females 12, Females 4, Size 30 2, Size Size 0 Size 0 Platinum Platinum Platinum Platinum Burgundy Burgundy Burgundy Burgundy A 1, A A A Ivory Ivory Ivory Ivory IB IB IB IB II II II II Size 00 5, Size Size 1 3, Size Platinum Platinum Platinum Platinum Burgundy Burgundy Burgundy Burgundy A 4, A A A Ivory Ivory Ivory Ivory IB IB IB IB II II 370 1, II II Size 0 3, Size 0 1, Size 2 2, Size Platinum Platinum Platinum Platinum Burgundy Burgundy Burgundy 1, Burgundy A A A A Ivory Ivory Ivory Ivory IB IB IB IB II II II II Size 1 2, Size 1 1, Size 3 5, Size 3 3, Platinum Platinum Platinum Platinum Burgundy Burgundy Burgundy 1, Burgundy A A A 1, A Ivory Ivory Ivory Ivory IB IB IB IB II II II 2, II 2, Size Size Size Size 4 Platinum Platinum Platinum Platinum Burgundy Burgundy Burgundy Burgundy A A A A Ivory Ivory Ivory Ivory IB IB IB IB II II II II

7 Pearl Beige Golden Pearl Pearl Beige Golden Pearl Males 31, Males 4, Females 42, Females 10, Size 40 1, Size 40 Size 0 1, Size Platinum Platinum Platinum Platinum Burgundy Burgundy Burgundy Burgundy A A A A Size 30 6, Size Ivory Ivory Platinum Platinum IB IB Burgundy 2, Burgundy II II A A Size 1 7, Size 1 2, Ivory 1, Ivory Platinum Platinum IB IB Burgundy 2, Burgundy 1, II II A A Size 00 8, Size Ivory 2, Ivory Platinum Platinum IB IB Burgundy 3, Burgundy II II A 1, A Size 2 14, Size 2 2, Ivory 3, Ivory Platinum Platinum IB IB Burgundy 5, Burgundy 2, II II A 1, A Size 0 4, Size Ivory 4, Ivory Platinum Platinum IB 1, IB Burgundy 1, Burgundy II II A 1, A Size 3 18, Size 3 4, Ivory 1, Ivory Platinum 1, Platinum 1, IB IB Burgundy 7, Burgundy 2, II II A 2, A Size 1 8, Size 1 2, Ivory 4, Ivory Platinum Platinum IB 1, IB Burgundy 4, Burgundy 1, II II A 2, A Size 4 1, Size Ivory 1, Ivory Platinum Platinum IB IB Burgundy Burgundy II II A A Size 2 1, Size Ivory Ivory Burgundy 1, Platinum IB IB Ivory Burgundy II II II A Size Size Ivory Burgundy Burgundy IB

8 Silverblue Silverblue Velvet Silverblue Silverblue Velvet Males 19, Males 3, Females 29, Females 2, Size 40 3, Size Size 0 2, Size 0 Platinum 1, Platinum Purple Purple Burgundy 1, Burgundy Platinum Platinum A A Burgundy 1, Burgundy Ivory Ivory A A IB IB Ivory Ivory II II IB IB Size 30 4, Size 30 1, II II Platinum Platinum Size 1 6, Size 1 1, Burgundy 2, Burgundy 1, Purple Purple A A Platinum 1, Platinum Ivory Ivory Burgundy 4, Burgundy 1, IB IB A A II II Ivory Ivory Size 00 5, Size 00 1, IB IB Platinum 1, Platinum II 1, II Burgundy 2, Burgundy Size 2 8, Size A A Purple Purple Ivory Ivory Platinum 1, Platinum IB IB Burgundy 5, Burgundy II II A A Size 0 2, Size Ivory Ivory Platinum Platinum IB IB Burgundy 1, Burgundy II 1, II A A Size 3 11, Size IB IB Purple Purple II II Platinum Platinum Size 1 1, Size 1 Burgundy 4, Burgundy Burgundy 1, Burgundy A 2, A A A Ivory Ivory II II IB 1, IB Size 2 1, II 2, II Platinum Size Burgundy Burgundy A II Size Burgundy

9 White Sapphire White Sapphire Males 21, Males 5, Females 5, Females 5, Size 40 Size Size Size 1 1, Platinum Platinum Platinum Platinum Burgundy Burgundy Burgundy Burgundy Size 30 4, Size A A Platinum Platinum Ivory Ivory Burgundy 4, Burgundy IB IB A A II II Ivory Ivory Size Size 2 1, IB IB Platinum Platinum II II Burgundy Burgundy 1, Size 00 7, Size 00 1, A A Platinum 2, Platinum Ivory Ivory Burgundy 3, Burgundy IB IB A A II II Ivory Ivory Size 3 Size IB IB Platinum Platinum II II Burgundy Burgundy Size 0 6, Size 0 1, A A Platinum 4, Platinum Ivory Ivory Burgundy Burgundy IB IB A A II II Ivory 1, Ivory Size 4 4, Size 4 1, IB IB Platinum 1, Platinum II II Burgundy Burgundy Size Size A 2, A Platinum Platinum Ivory Ivory Burgundy Burgundy IB IB IB IB II II Size 2 2, Size 2 1, Platinum Platinum Burgundy Burgundy A A Ivory Ivory IB IB II II Size Size Burgundy Burgundy

10 Black Cross Black Cross Chinchilla Average prices in EUR Average prices in EUR Average prices in EUR Offered Sold Average Offered Sold Average Offered Sold Average Males 3, Females 1, , Size Size 0 Size 30 2, Burgundy Burgundy Purple A A Platinum Ivory Ivory Burgundy IB IB A II II I Size Size II Platinum Platinum Size 00 4, Burgundy Burgundy Purple A A Platinum 1, Ivory Ivory Burgundy 1, IB IB A II II I Size 00 1, Size II Platinum Platinum Size 0 3, Burgundy Burgundy Purple A A Platinum 1, Ivory Ivory Burgundy 1, IB IB A II II I Size 0 1, Size II Platinum Platinum Size 1 1, Burgundy Burgundy Purple A A Platinum Ivory Ivory Burgundy IB IB A II II I Size Size II Burgundy Burgundy Size II II Platinum Size Burgundy A II