Change of Adviser

Global Brands S.A. ("Global Brands" or the "Company") Change of Adviser The Board of Global Brands is pleased to announce that Cairn Financial AdvisersLLP has been appointed as Nominated Adviser to the Company with immediateeffect. For further information, please contact: Global Brands S.A.Bruce Vandenberg, CEO Tel: +44 7899 791 726Fiona Kinghorn Tel: +44 7867 520 722 NomadCairn Financial Advisers LLPSandy Jamieson Tel: +44 207 148 7900James Caithie BrokerAlexander David Securities LtdBill Sharp Tel: +44 207 448 9812David Scott Tel: +44 207 448 9821