Directorate Change

Global Brands S.A. ("Global Brands" or the "Company") Appointment of Director The Company is pleased to announce the appointment of Gerwyn Williams as ChiefExecutive Officer of the Company with immediate effect. Mr. Gerwyn Llewellyn Williams (aged 64) is a Chartered Engineer and a Fellow ofthe Institute of Materials, Minerals and Mining, and is a member of the EnergyInstitute. Mr Williams holds 102,772,728 Ordinary Shares in the Company representing29.08% of the issued share capital of the Company. In addition, Mr Williams hasprovided the Company with a £300,000 loan which he may at any time elect toconvert (in whole or in part) into Ordinary Shares in the Company at the lowerof (i) £0.003 per Ordinary Share or (ii) a price equating to a 10% discount onthe market price at the date of conversion. Mr Williams is chairman of and, together with his associates, owns UK OnshoreGas Limited, which owns the entire issued share capital both of UK MethaneLimited and (via its subsidiary Thistle Gas Limited) of Coastal Oil & GasLimited (the Subsidiaries), which together hold a 50% interest in 13 petroleumexploration and development licences covering 1,181 sq. km. in the UK. The Global Brands' wholly owned subsidiary, Gas Exploration Finance Limited("GEF"), has a framework financing agreement with Coastal Oil and Gas Limitedand UK Methane Limited (together, the "Gas Companies") whereby GEF has beenappointed, on a non-exclusive basis, to co-invest to finance the Gas Companies'exploration and development operations. Ms Fiona Kinghorn has stepped down from the Board with immediate effect due toincreasing pressure from other commitments. John Killer, Chairman, said "We are delighted that Mr Williams has agreed tojoin the Board in an executive capacity and the Board would like to thank MsKinghorn for all her hard work for the Company and we wish her the very bestfor the future. The Directors look forward to working with Mr Williams as we continue tostrengthen the Company's Board and continue our oil and gas investing policy." Current directorships / partnerships: Past directorships / partnerships (past 5 years): Air Nation Limited Seven Star Natural Gas Ltd Coastal Oil & Gas Ltd Local Energy Supply Systems Ltd Mandaco 727 Limited Modal Mining Ltd Newton Beach Development Company Ltd South Eastern Energy Ltd South Wales Energy Limited South Wales Gas Ltd South Western Energy Limited St John's Vision Ltd Thistle Gas Ltd Topex Ltd Transgas Ltd UK Gas Ltd UK Methane Ltd UK Onshore Gas Ltd UK Water Supplies Ltd UK Wind Energy Ltd Maxim (partnership) Mr Williams was a director of UK Mining Contractors Limited in 1992 when thecompany entered into a creditors' voluntary liquidation. For further information, please contact: Global Brands S.A.Gerwyn Williams Tel: +44 1656 659643Bruce Vandenberg, Tel: +44 7899 791 726 NomadCairn Financial Advisers LLPSandy Jamieson Tel: +44 207 148 7900James Caithie BrokerAlexander David Securities LtdDavid Scott Tel: +44 207 448 9821James Dewhurst Tel: +44 207 448 9820