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Giordano Group Operations Highlights for September 2007

This report highlights the third quarter operations of Giordano Group for the nine months ended September 30, 2007, including turnover, sales growth, gross profit, and retail performance in various markets.

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Giordano Group Operations Highlights for September 2007

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  1. THIRD QUARTER OPERATIONS HIGHLIGHTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2007

  2. Group Operations Highlights Nine Months Ended September 30, 2007 • Group turnover  13.0% • Retail & Distribution turnover 11.1% • Comparable store sales 2.9% • Mainland China retail sales 25.4% • Manufacturing third party sales 31.5% • Group gross profit 8.7% • Group gross margin 47.6% • Net cash & bank balances (HKD millions) 401 • Inventory turnover on sales (days) 36 Giordano 2007 Third Quarter Results

  3. Divisional Highlights • Group turnover increased by high-teens YOY in Oct-07. 1 Sales to external parties, net of intra-group sales Giordano 2007 Third Quarter Results

  4. Group Turnover by Business Segment Nine Months Ended September 30, 2007 BSX / Bluestar Exchange, 6% (7%)1 Giordano Ladies, 5% (5%)1 Garment Trading & Manufacturing2, 11% (9%)1 Giordano Concepts, 4% (N/A)1 Giordano core line & Giordano Junior, 74% (79%)1 1 YOY figures in brackets 2 Sales to external parties, net of intra-group sales Giordano 2007 Third Quarter Results

  5. Retail & Distribution Division Operations Highlights • 3Q07 Retail & Distribution gross margin widened to 50.3% (3Q06: 49.9%). • Oct-07 Retail & Distributionsales and gross profit both increased by mid-teens. Giordano 2007 Third Quarter Results

  6. Retail & Distribution Division Operations Highlights 1 Inclusive of outlets operating for the full 3, 6 and 9 months in the periods under consideration. Giordano 2007 Third Quarter Results

  7. Giordano core-line & Junior • Accounted for 83.6% of Retail & Distribution turnover for the nine months ended Sep-07. • Oct-07 sales up mid-teens YOY. Giordano 2007 Third Quarter Results

  8. Giordano Ladies • Accounted for 5.6% of Retail & Distribution turnover for the nine months ended Sep-07. • Launched in Kuala Lumpur in 3Q07. • Total 37 stores as of end Sep-07. • Oct-07 sales up mid-teens YOY. • New store planned in Jakarta in 4Q07. Giordano 2007 Third Quarter Results

  9. Giordano Concepts • Accounted for 4.2% of Retail & Distribution turnover for the nine months ended Sep-07. • Added three stores in Guangzhou, Taipei and Kuala Lumpur in 3Q07. • Total 12 stores as of end Sep-07. • At least another two stores planned in 4Q07. Giordano 2007 Third Quarter Results

  10. BSX / Bluestar Exchange • Accounted for 6.6% of Retail & Distribution turnover for the nine months ended Sep-07. • Gross margin for the nine months ended Sep-07 up 2.8 percentage points due to better product mix. • 14 out of 125 stores re-branded to BSX as of end Sep-07. • Closed 17 stores in 3Q07 to restructure store network. • Oct-07 sales down low-teens YOY. Giordano 2007 Third Quarter Results

  11. Retail & Distribution Turnover by Market Nine Months Ended September 30, 2007 Others, 11% (11%)1 Thailand, 3% (2%)1 Mainland China, 29% (25%)1 Malaysia, 3% (3%)1 Indonesia, 4% (3%)1 Australia, 5% (6%)1 Singapore, 9% (10%)1 Hong Kong, 21% (23%)1 Taiwan, 15% (17%)1 1 YOY figures in brackets Giordano 2007 Third Quarter Results

  12. Retail & Distribution Division Operations Highlights 1 Korean and Middle East sales are not consolidated into Group sales. Giordano 2007 Third Quarter Results

  13. Retail & Distribution Division Operations Highlights 1 Inclusive of outlets operating for the full 3, 6 and 9 months in the periods under consideration. 2 Korean and Middle East sales are not consolidated into Group sales. Giordano 2007 Third Quarter Results

  14. Mainland China • Opened first Giordano Concepts store in Guangzhou in August 2007. • Total 786 outlets as of end Sep-07. • 20 additional stores planned for 4Q07. • Oct-07 turnover and gross profit up > 20% YOY. Giordano 2007 Third Quarter Results

  15. Hong Kong • Total 93 outlets as of end Sep-07. • Oct-07 sales up low single digit YOY while gross profit up high single digit. Giordano 2007 Third Quarter Results

  16. Taiwan • Closed 16 stores in the nine months to Sep-07. • Total 223 outlets as of end Sep-07. • Oct-07 sales and gross profit up low single digit YOY. Giordano 2007 Third Quarter Results

  17. Singapore • Sales impacted by 2 percentage point GST increase to 7% in Jul-07. • Total 53 outlets as of end Sep-07. • Oct-07 sales down double digit YOY. Giordano 2007 Third Quarter Results

  18. South Korea Nine Months Ended September 30 • Gross margin for the nine months ended Sep-07 up 1.5 percentage points. • Total 165 outlets as of end Sep-07. • Oct-07 sales up low single digit YOY. Giordano 2007 Third Quarter Results

  19. Middle East • Total 142 outlets as of end Sep-07. • Oct-07 sales up mid-teens YOY. Giordano 2007 Third Quarter Results

  20. Global Retail Network Giordano 2007 Third Quarter Results

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