Hong Kong – April 10, 2007

Giordano Middle East expanded its network in Dubai with the recent opening of a new store in Dubai Festival City, one of the largest mixed-use retail developments in the Middle East. Opened on March 1, the 1,600 square feet store brings the Giordano network in Dubai to 18 stores.

Meanwhile, we have also enhanced Giordano’s market position in Kuwait with the opening on March 18 of our flagship store in The Avenues Mall. With over 1.2 million sq ft of retail and leisure space, The Avenues Mall is the latest and biggest mall in Kuwait. The 2,300 sq ft flagship is our 11th store in Kuwait.

Finally, Giordano added Ukraine to its list of markets with the recent opening of a franchised store in Kiev, the country’s capital. Additional franchised stores are being planned for other parts of the country later this year.

Established in 1993, Giordano Middle East is a joint venture between Emirates Trading Agency (ETA) of Dubai and Giordano International Limited. Giordano Middle East operates over 100 stores and counters in the Middle East and Central Asia. Giordano International has a 20 percent shareholding in Giordano Middle East.

Giordano International Limited is a leading international retailer of men’s, women’s and children’s apparel under the brand names Giordano, Giordano Concepts, Giordano Ladies, Giordano Junior and Bluestar Exchange. Established in 1981, Giordano International now operates over 1,700 stores and counters in Greater China, Japan, Korea, Southeast Asia, Australia, India and the Middle East.