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

2008 Annual Results. Giordano International Limited (Stock code: 709) March 26, 2009 (Thursday ). Core business holding steady. Solid fundamentals. 1 Inventory held at year end divided by full year turnover times 366 or 365 days 2 26 days for continuing operations only.

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

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  1. 2008 Annual Results Giordano International Limited (Stock code: 709) March 26, 2009 (Thursday)

  2. Core business holding steady Giordano 2008 Annual Results

  3. Solid fundamentals 1 Inventory held at year end divided by full year turnover times 366 or 365 days 2 26 days for continuing operations only Giordano 2008 Annual Results

  4. Return to shareholders 1 Continuing and discontinued operations combined Giordano 2008 Annual Results

  5. 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 Giordano 2008 Annual Results

  6. Exit manufacturing to focus on retail 1 Combined results including both continuing and discontinued operations 2 Year-on-year change Giordano 2008 Annual Results

  7. Core retail business holding steady Giordano 2008 Annual Results

  8. 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 Giordano 2008 Annual Results

  9. 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 Giordano 2008 Annual Results

  10. Performance review: Group markets 1 In local currency terms for outlets which were open for the full 12 months in each of the two fiscal years under comparison Giordano 2008 Annual Results

  11. Performance review: Group markets 1 In local currency terms for outlets which were open for the full 12 months in each of the two fiscal years under comparison Giordano 2008 Annual Results

  12. Performance review: Non-group markets 1 In local currency terms for outlets which were open for the full 12 months in each of the two fiscal years under comparison Giordano 2008 Annual Results

  13. 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 Giordano 2008 Annual Results

  14. Group Financial Highlights (2004 – 2008) Continuing and discontinued operations combined Giordano 2008 Annual Results

  15. Global retail network Giordano 2008 Annual Results

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

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