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

1. 2009 First Quarter Update Giordano International Limited (Stock code: 709) May 7, 2009 (Thursday)

2. Group Operations Highlights 1 Excluding the results of Placita, the Group’s main garment manufacturing subsidiary, which has been substantially divested in Aug 2008. 2 Inventory held at period end divided by turnover times the number of days in the period. Giordano 2009 First Quarter Update

3. Group Operations Highlights 1 Continuing operations, excluding the results of Placita, the Group’s main garment manufacturing subsidiary, which has been substantially divested in Aug 2008. Giordano 2009 First Quarter Update

4. Turnover by Brand Three Months Ended 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 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 • 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 • 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 2009 First Quarter Update

5. Performance Review by Brand Giordano 2009 First Quarter Update

6. 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. Giordano 2009 First Quarter Update

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

8. Performance Review by Market 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. Giordano 2009 First Quarter Update

9. Performance Review by Market 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. Giordano 2009 First Quarter Update

10. Short term challenges… • 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 but fundamentals remain healthy • 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) Giordano 2009 First Quarter Update

11. Global Retail Network Giordano 2009 First Quarter Update