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Change of Adviser

9th Jan 2008 16:17

Announcement 9 January 2008 Global Brands SA Change of Adviser

Ruegg & Co Limited will cease to act as nominated adviser from the close of business on 31 January 2008. Global Brands is in discussion with other nominated advisers. If no replacement nominated adviser is appointed by 31 January 2008, the Company's shares will be suspended from trading. If by 29 February 2008 the Company has failed to appoint a replacement nominated adviser, the admission of its AIM securities will be cancelled.

Global Brands SA +41 79 7744 627 Yossi Moldawsky, Executive Chairman Dov Lachovitz, CEO Ruegg & Co Limited Brett MillerJoseph Marffy 020 7584 3663

GLOBAL BRANDS S.A.

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