CURACAO, Netherlands Antilles, Nov. 6 /PRNewswire-FirstCall/ -- Velcro
Industries N.V. (the "Company") (Nasdaq: VELC), holding company for the
Velcro companies and the industry leader in hook and loop fasteners, today
announced the completion of its cash tender offer to purchase all
outstanding shares of its common stock. The tender offer expired at 5:00
p.m., New York City time, on Monday, November 5, 2007.
    The Company has been advised by Computershare Investor Services Inc.,
the depositary for the tender offer, that 2,572,437 shares were validly
tendered as of 5:00 p.m., New York City time, on Monday, November 5, 2007
(including 87,573 shares tendered by notice of guaranteed delivery). All
shares of Company common stock that were validly tendered and not properly
withdrawn before the expiration of the offer have been accepted for
payment. After giving effect to the purchase of validly tendered shares,
approximately 1,185,000 shares, representing less than 5% of the Company's
outstanding common stock, will be held by shareholders other than the
Company's majority shareholder.
    About Velcro Industries N.V.
    Velcro Industries N.V. (Nasdaq: VELC) is incorporated and domiciled in
Curacao, Netherlands Antilles as a Naamloze Vennootschap (public limited
liability company) and acts as the holding company of the Velcro companies,
which are primarily involved in the manufacturing and sales of VELCRO(R)
and TEXACRO(R) brand fasteners, ULTRA-MATE(R) brand hook fasteners, and
ONE-WRAP(R) brand straps throughout the world.

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