Statement re Share Price Movement

Global Brands S.A. ("Global Brands" or the "Company") Statement re Share Price Movement The Board of Global Brands notes the sharp increase in the Company's shareprice this morning. The Board is not aware of any reason for the price movement. For further information, please contact: Global Brands S.A.Gerwyn Williams Tel: +44 1656 659643Bruce Vandenberg, Tel: +44 7899 791 726 NomadCairn Financial Advisers LLPSandy Jamieson Tel: +44 207 148 7900James Caithie BrokerAlexander David Securities LtdDavid Scott Tel: +44 207 448 9821James Dewhurst Tel: +44 207 448 9820