Update

5 Oct 2009 16:27



5 October 2009

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

Update 

Following the passing of the resolutions at the EGM held on 25th September 2009, the Company announces that the capital restructuring will take effect from 6 October 2009. The nominal value of the ordinary shares will be reduced from CHF2.10 to CHF0.02 and there will 22,946,550 ordinary shares in issue and admitted to trading on AIM. Amended share certificates will be sent to shareholders in due course.

For further information contact:

Global Brands S.A.

Simon Bentley, Senior Non-Executive Director Tel: (0) 20 7317 8022

www.globalbrands.ch

ZAI Corporate Finance Ltd

David Newton Tel: (0) 20 7060 1760

Charity Walmsley Tel: (0) 20 7060 1760

www.zaicf.com

Alexander David Securities Ltd

David Scott Tel: (0) 20 7448 9830