AGM Statement

For immediate release: 2 June 2010

Global Brands S.A. (the "Company")

Result of AGM

Global Brands is pleased to announce that the resolutions proposed at the AGM held on 1 June 2010, as set out in the notice sent to shareholders on 11 May 2010, were all duly approved by shareholders.

For further information contact:

Global Brands S.A.

Simon Bentley, Chairman Tel: (0)20 7317 8022

www.globalbrands.ch

ZAI Corporate Finance Ltd

Marc Cramsie Tel: (0)20 7060 1760

Graeme Thom Tel: (0)20 7060 1760

www.zimmint.com

Alexander David Securities Ltd

Fiona Kinghorn Tel: (0)20 7448 9832

www.ad-securities.com

Financial Dynamics

Jonathon Brill Tel: (0)20 7831 3113

Caroline Stewart www.fd.com