Giordano International Limited (Stock code: 709) May 7, 2009 (Thursday) 2009 First Quarter Update

May 7, 2009Giordano 2009 First Quarter Update2 Group Operations Highlights Continuing operations 1 Three Months Ended Mar 31, 2009 YOY Change Group turnover- 12.8% Retail & Distribution turnover in Mainland China- 4.3% Group same store sales- 8.9% Mainland China same store sales- 11.3% Group gross margin44.8% / bps Group gross profit- 21.1% Net cash & bank balances (in HK$ millions) 567 Inventory turnover on sales 2 25 days 1 Excluding the results of Placita, the Group’s main garment manufacturing subsidiary, which has been substantially divested in Aug Inventory held at period end divided by turnover times the number of days in the period.

May 7, 2009Giordano 2009 First Quarter Update3 YOY Change 3 months ended Mar 31, months ended Mar 31, months ended Dec 31, 2008 Retail & Distribution Turnover- 12.8%+ 16.4%+ 6.5% Group turnover %+ 16.2%+ 6.3% Group gross profit %+ 20.2%+ 5.5% 1 Continuing operations, excluding the results of Placita, the Group’s main garment manufacturing subsidiary, which has been substantially divested in Aug Group Operations Highlights

May 7, 2009Giordano 2009 First Quarter Update4 Turnover by Brand Three Months Ended Mar 31, 2009 Giordano & Giordano Junior 86% of turnover (1Q08: 85%) Turnover down 12.4% YOY Same store sales down 8.2% Net reduction of 17 outlets 1,808 stores as at Mar 31, 2009 BSX 4% of turnover (1Q08: 5%) Turnover down 32.2% YOY Same store sales down 12.0% Net addition of 3 outlets 99 stores as at Mar 31, 2009 Giordano Ladies 6% of turnover (1Q08: 5%) Turnover down 6.0% YOY Same store sales down 8.3% Net reduction of 5 outlets 41 stores as at Mar 31, 2009 Giordano Concepts 4% of turnover (1Q08: 5%) Turnover down 12.8% YOY Same store sales down 21.6% Net reduction of 8 outlets 25 stores as at Mar 31, 2009

May 7, 2009Giordano 2009 First Quarter Update5 Turnover YOY Change 3 months ended Mar 31, months ended Mar 31, months ended Dec 31, 2008 Giordano & Giordano Junior- 12.4%+ 17.0%+ 8.1% Giordano Ladies- 6.0%+ 15.7%+ 8.2% Giordano Concepts- 12.8%+ 53.1%+ 11.9% BSX- 32.2%- 11.4%- 24.8% Retail & Distribution Total %+ 16.4%+ 6.5% Performance Review by Brand

May 7, 2009Giordano 2009 First Quarter Update6 Same Store Sales 1 YOY Change 3 months ended Mar 31, months ended Mar 31, months ended Dec 31, 2008 Giordano & Giordano Junior- 8.2%+ 5.2%- 0.9% Giordano Ladies- 8.3%+ 6.5%- 0.1% Giordano Concepts- 21.6%- 1.1%- 11.4% BSX- 12.0%+ 11.4%- 1.2% Retail & Distribution Total - 8.9%+ 5.3%- 1.5% Performance Review by Brand 1 In local currency for directly managed outlets which were open for the full three and 12 months in each of the two fiscal years under comparison.

May 7, 2009Giordano 2009 First Quarter Update7 Retail & Distribution Turnover by Market Three Months Ended Mar 31, 2009 Mainland China 40% of turnover (1Q08: 36%) Turnover down 4.3% YOY Net reduction of 14 outlets 895 outlets as at Mar 31, 2009 Hong Kong 19% of turnover (1Q08: 19%) Turnover down 10.9% YOY Number of stores unchanged 82 outlets as at Mar 31, 2009 Taiwan 14% of turnover (1Q08: 15%) Turnover down 15.7% YOY Net reduction of 9 outlets 183 outlets as at Mar 31, 2009 Singapore 7% of turnover (1Q08: 8%) Turnover down 24.5% YOY Net reduction of 4 outlets 47 outlets as at Mar 31, 2009 Indonesia, 3% (4%) 1 Malaysia, 3% (3%) 1 Australia, 3% (4%) 1 Thailand, 2% (2%) 1 Others, 9% (9%) 1 1 YOY figures in brackets

May 7, 2009Giordano 2009 First Quarter Update8 Turnover YOY Change 3 months ended Mar 31, months ended Mar 31, months ended Dec 31, 2008 Mainland China- 4.3%+ 40.8%+ 25.2% Hong Kong- 10.9%+ 4.4%- 4.7% Taiwan- 15.7%+ 11.2%- 2.3% Singapore- 24.5%- 1.1%- 5.6% Retail & Distribution Total %+ 16.4%+ 6.5% South Korea %+ 12.0%- 15.0% Middle East %+ 27.0%+ 15.9% 1 South Korea and Middle East sales are not consolidated into Group sales. On Mar 31, 2009, the Group held 48.5% in Giordano South Korea and 20.0% in Giordano Middle East. Performance Review by Market

May 7, 2009Giordano 2009 First Quarter Update9 Same Store Sales 1 YOY Change 3 months ended Mar 31, months ended Mar 31, months ended Dec 31, 2008 Mainland China- 11.3%+ 19.0%+ 6.1% Hong Kong- 5.8%+ 6.6%- 1.7% Taiwan- 5.9%+ 5.8%- 3.2% Singapore- 6.4%- 8.0%- 7.7% Retail & Distribution Total %+ 5.3%- 1.5% South Korea %+ 4.7%- 4.1% Middle East %+ 21.0%+ 10.1% 1 In local currency for directly managed outlets which were open for the full three and 12 months in each of the two fiscal years under comparison. 2 South Korea and Middle East sales are not consolidated into Group sales. On Mar 31, 2009, the Group held 48.5% in Giordano South Korea and 20.0% in Giordano Middle East. Performance Review by Market

May 7, 2009Giordano 2009 First Quarter Update10 Capitalize on Giordano’s reputation for attentive service, excellent quality and superior value to build customer base Business improved with warmer weather and the launch of new summer collections -Mainland China turnover increased by mid-teens during the three-day Labour Day long weekend Solid financial position -Inventory turnover on sales for three months ended Mar 2009 was 25 days -Net cash increased to HK$567 million (Dec 31, 2008: HK$454 million) Short term challenges… but fundamentals remain healthy Erratic weather caused Retail & Distribution turnover to decrease by 14.6% in April First half 2009 profit expected to be significantly lower compared to 2008

May 7, 2009Giordano 2009 First Quarter Update11 Number of outlets As at Mar 31, 2009 As at Dec 31, 2008Change Giordano & Junior Giordano Ladies Giordano ConceptsBSXOthersTotal Mainland China Hong Kong Taiwan Singapore Australia Malaysia Indonesia Thailand South Korea Middle East & India Philippines Japan Others Total1, ,979 2, Global Retail Network