2008 Annual Results Giordano International Limited (Stock code: 709) March 26, 2009 (Thursday)

Core business holding steady Continuing operations For the year ended December 31, 2008 (in HK$ millions) 2008 YOY Change Turnover 4,710 + 6.3% Retail & Distribution Turnover in Mainland China 1,689 + 25.2% Gross profit 2,362 + 5.5% Gross margin 50.1% - 50 bps Operating profit 330 - 13.4% Operating margin 7.0% - 160 bps Profit attributable to shareholders 290 - 1.4% Earnings per share in HK cents 19.4 - 1.5% March 26, 2009 Giordano 2008 Annual Results

Giordano 2008 Annual Results Solid fundamentals Continuing and discontinued operations combined For the year ended December 31 (in HK$ millions) 2008 2007 Net cash & bank balances 454 474 Cash inflow from operating activities 347 343 Inventory turnover on sales 1 23 days 33 days 2 Current ratio 2.3x 1.9x Profit attributable to shareholders 311 295 Earnings per share in HK cents 20.8 19.8 Return on average total assets 11.5% 10.3% Return on average shareholders’ funds 16.4% 15.1% 1 Inventory held at year end divided by full year turnover times 366 or 365 days 2 26 days for continuing operations only March 26, 2009 Giordano 2008 Annual Results

Return to shareholders For the year ended December 31 (in HK$ millions) 2008 2007 Final dividend (proposed) in HK cents 3.0 5.0 Special final dividend (proposed) in HK cents Nil 10.0 Interim dividend in HK cents 4.5 Special interim dividend in HK cents 2.0 Total full year dividend in HK cents 9.5 21.5 Earnings per share in HK cents 1 20.8 19.8 Payout ratio 45.7% 108.6% 1 Continuing and discontinued operations combined March 26, 2009 Giordano 2008 Annual Results

Exit manufacturing to focus on retail Completed divestiture of remaining 51% shareholding in manufacturing subsidiary Placita in August 2008 2008 profitable attributable to shareholders (including gain on disposal and share of loss) from discontinued operations was HK$21 million, or 1.4 HK cents per share Residual manufacturing operations generated turnover of HK$119 million (practically all to other Giordano Group companies) and operating profit of HK$6 million in 2008 Reduced shareholding in manufacturing joint venture Speedy Garment from 49% to 9.9% in June 2008 Recorded a one-time gain on disposal of HK$17 million, or 1.1 HK cents per share March 26, 2009 Giordano 2008 Annual Results

Exit manufacturing to focus on retail For the year ended December 31, 2008 (in HK$ millions) Continuing Operations Combined 1 Turnover 4,710 + 6.3% 2 5,048 + 2.0% 2 Gross profit 2,362 + 5.5% 2 2,439 + 3.5% 2 Gross margin 50.1% - 50 bps 2 48.3% + 70 bps 2 Operating profit 330 - 13.4% 2 325 - 15.4% 2 Operating margin 7.0% - 160 bps 2 6.4% - 140 bps 2 Profit attributable to shareholders 290 - 1.4% 2 311 + 5.4% 2 Earnings per share in HK cents 19.4 - 1.5% 2 20.8 + 5.1% 2 1 Combined results including both continuing and discontinued operations 2 Year-on-year change March 26, 2009 Giordano 2008 Annual Results

Core retail business holding steady For the year ended December 31, 2008 (in HK$ millions) 2008 YOY Change Turnover 4,709 + 6.5% Comparable store sales - 1.5% N/A Gross profit 2,351 + 5.2% Gross margin 49.9% - 70 bps Operating profit 324 - 15.6% Operating margin 6.9% - 180 bps Total number of outlets 2,006 + 111 stores March 26, 2009 Giordano 2008 Annual Results

Giordano 2008 Annual Results Retail & Distribution turnover by brand For the year ended December 31, 2008 BSX / Bluestar Exchange 4% of 2008 turnover (2007: 6%) 2008 sales: HK$206M, down 24.8% Comp store sales down 1.2% 96 outlets at end-2008, down 21 Giordano Concepts 5% of 2008 turnover (2007: 4%) 2008 sales: HK$217M, up 11.9% Comp store sales down 11.4% 33 outlets at end-2008, up 19 Giordano Ladies 6% of 2008 turnover (2007: 6%) 2008 sales: HK$265M, up 8.2% Comp store sales down 0.1% 46 outlets at end-2008, up 7 Giordano & Giordano Junior 85% of 2008 turnover (2007: 84%) 2008 sales: HK$4,006M, up 8.1% Comp store sales down 0.9% 1,825 outlets at end-2008, up 102 March 26, 2009 Giordano 2008 Annual Results

Giordano 2008 Annual Results Retail & Distribution turnover by market For the year ended December 31, 2008 Mainland China 35% of 2008 turnover (2007: 31%) Turnover up 25.2% in 2008 909 out of 2,006 stores worldwide Others, 10% (10%)1 Thailand, 3% (3%)1 Malaysia, 4% (3%)1 Indonesia, 4% (4%)1 Australia, 5% (5%)1 Singapore, 8% (9%)1 Taiwan, 13% (15%)1 Hong Kong, 18% (20%)1 1 YOY figures in brackets March 26, 2009 Giordano 2008 Annual Results

Performance review: Group markets Mainland China 2008 2007 Remarks Turnover (HK$M) 1,689 1,349 Sales up by 25.2% (2007: + 23.8%) Comp store sales 1 + 6.1% + 15.2% Number of outlets as at December 31 909 820 Hong Kong 850 892 Sales down by 4.7% (2007: + 2.2%) - 1.7% + 8.1% 82 92 1 In local currency terms for outlets which were open for the full 12 months in each of the two fiscal years under comparison March 26, 2009 Giordano 2008 Annual Results

Performance review: Group markets Taiwan 2008 2007 Remarks Turnover (HK$M) 634 649 Sales down by 2.3% (2007: - 1.4%) Comp store sales 1 - 3.2% - 4.2% Number of outlets as at December 31 192 210 Singapore 368 390 Sales down by 5.6% (2007: - 3.2%) - 7.7% - 10.9% 51 53 1 In local currency terms for outlets which were open for the full 12 months in each of the two fiscal years under comparison March 26, 2009 Giordano 2008 Annual Results

Performance review: Non-group markets South Korea 2008 2007 Remarks Turnover (HK$M) 835 982 Sales down by 15.0% (2007: - 3.2%) Comp store sales 1 - 4.1% - 8.6% Number of outlets as at December 31 167 173 On Dec 31, 2008, the Group held 48.7% in Giordano South Korea Middle East 539 465 Sales up by 15.9% (2007: + 29.5%) + 10.1% + 10.9% 157 142 On Dec 31, 2008, the Group held 20.0% in Giordano Middle East 1 In local currency terms for outlets which were open for the full 12 months in each of the two fiscal years under comparison March 26, 2009 Giordano 2008 Annual Results

Giordano 2008 Annual Results Outlook: Challenges ahead… Group turnover down 12.9% in first two months of 2009 but long term growth prospects intact Focus on core brand strengths of Quality, Value and Service Continue to focus on growth in Mainland China New sales office to drive growth in Western China Focus on growing presence in 2nd tier and smaller cities Target to add 90 outlets in Mainland China in 2009 Opportunities to “trade-up” into prime store locations Target to achieve significant reductions in FOB cost and expenses Strong balance sheet with net cash of HK$454 million on Dec 31, 2008 Healthy inventory turnover on sales of 23 days as at Dec 31, 2008 March 26, 2009 Giordano 2008 Annual Results

Giordano 2008 Annual Results Group Financial Highlights (2004 – 2008) Continuing and discontinued operations combined March 26, 2009 Giordano 2008 Annual Results

BSX/Bluestar Exchange Giordano 2008 Annual Results Global retail network No. of outlets As at Dec 31, 2008 As at Dec 31, 2007 YTD Change Giordano & Junior Giordano Concepts Giordano Ladies BSX/Bluestar Exchange Others Total Mainland China 857 19 18 15 - 909 820 + 89 Hong Kong 42 5 11 24 82 92 - 10 Taiwan 149 3 29 192 210 - 18 Singapore 46 2 1 51 53 - 2 Australia 56 61 - 5 Malaysia 65 67 63 + 4 Indonesia 83 6 97 + 5 Thailand 87 77 + 10 South Korea 153 14 167 173 - 6 Middle East & India 165 169 147 + 22 Philippines 44 4 50 + 6 Japan 7 - 7 71 72 49 + 23 1,825 33 96 2,006 1,895 + 111 March 26, 2009 Giordano 2008 Annual Results

Giordano International Limited (Stock code: 709) Q&A 2008 Annual Results Giordano International Limited (Stock code: 709)