Giordano International Limited (the “Company”) announced that Peter Lau Kwok-kuen, Chairman and CEO, has completed a HK$5 million purchase of shares to increase his stake in the Company to 1.6%. The purchase was conducted in the open market over the last three weeks.

“The recent turbulence in regional financial markets has in my view created a good opportunity to increase my stake and reaffirm my confidence in Giordano's future prospects” remarked Mr Lau.

Mr Lau owned a total of 22,708,000 shares of Giordano International on June 5, 2006, representing an approximately 1.5% stake in the Company. From June 6 through June 23, 2006, Mr Lau purchased a total of 1,410,000 shares at an average price of HKD3.57 per share. Mr Lau’s shareholding now stands at 24,118,000 shares representing an approximately 1.6% stake in the Company.

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