Wilhelmina International to Purchase Union Model Management

Wilhelmina International, Inc. (Nasdaq:WHLM) ("Wilhelmina" or the "Company"), today reported that it has entered into a definitive agreement to purchase 100% of the outstanding share capital of Union Model Management, Ltd. located inLondon, England. Wilhelmina will fund the acquisition from its cash on hand. The terms of the transaction were not disclosed. The acquisitionis expected to close in early January of 2015.

About Wilhelmina International, Inc. (www.wilhelmina.com):

Through Wilhelmina Models and its other subsidiaries, including, Wilhelmina Artist Management, Wilhelmina International, Inc. provides traditional, full-service fashion model and talent management services, specializing in the representation and management of leading models, entertainers, artists, athletes and other talent to various customers and clients, including, retailers, designers, advertising agencies and catalog companies. Wilhelmina Models was founded in 1967 by Wilhelmina Cooper, a renowned fashion model, and is one of the oldest and largest fashion model management companies in the world. Wilhelmina Models is headquartered in New York and, since its founding, has grown to include operations located in Los Angeles and Miami, as well as a growing network of licensees comprising leading modeling agencies in various local markets across the U.S. as well as in Thailand, Dubai, Vancouver and Tokyo.

Union Models was founded early in 2005 by Rachel Du Preez. Union has become recognized for its personal style of management and keen eye for what's happening now and next in the industry. Union established strong relationships with all leading players in fashion and beauty markets.