3 Assets / Liabilities Classified as Held-for-Sale

Part of the assets of GEV Grundstücksgesellschaft Herzogenaurach mbH & Co. KG and adidas AG as well as assets of Immobilieninvest und Betriebsgesellschaft Herzo-Base GmbH & Co. KG within the HQ / Consolidation segment are presented as disposal groups held-for-sale following a Memorandum of Understanding signed by the Group’s Management on December 21, 2006. Selling negotiations have commenced. Alternatives are currently under assessment and a final decision is expected in 2008. At December 31, 2007, the disposal groups contained assets of € 60 million (2006: € 59 million) less liabilities of € 4 million (2006: € 4 million).

Furthermore, due to the proposed move of storage and distribution facilities to the new shared warehouse, the old adidas and Reebok warehouses in the UK have been classified as assets held-for-sale (€ 10 million). The selling process commenced in April 2007 and the contract finalization is in process.

In connection with the planned divesture of the Maxfli golf ball brand, the carrying amount of this trademark was also classified as asset held-for-sale (€ 7 million). The selling negotiations commenced in September 2007, and the contract was signed in February 2008.

Assets Classified as Held-for-Sale

€ in millions

	Dec. 31, 2007	Dec. 31, 2006

Accounts receivable and other current assets	33	29
Property, plant and equipment, net	40	30
Trademarks and other intangible assets, net	7	—
Total	80	59

Liabilities Classified as Held-for-Sale

€ in millions

	Dec. 31, 2007	Dec. 31, 2006

Accounts payable and other current liabilities	2	2
Accrued liabilities and provisions	2	2
Total	4	4