THIRD QUARTER OPERATIONS HIGHLIGHTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2007

Giordano 2007 Third Quarter Results2 Group Operations Highlights Nine Months Ended September 30, 2007 Group turnover  13.0% Retail & Distribution turnover  11.1% Comparable store sales  2.9% Mainland China retail sales  25.4% Manufacturing third party sales  31.5% Group gross profit  8.7% Group gross margin47.6% Net cash & bank balances (HKD millions)401 Inventory turnover on sales (days)36

Giordano 2007 Third Quarter Results3 Turnover YOY % Increase/Decrease Six months ended Jun-07 Three months ended Sep-07 Nine months ended Sep-07 Garment Trading & Manufacturing Turnover 1  57.2%  1.8%  31.5% Retail & Distribution Turnover  11.8%  9.9%  11.1% Group Turnover  15.2%  8.8%  13.0% Group Gross Profit  9.6%  6.9%  8.7% 1 Sales to external parties, net of intra-group sales Divisional Highlights Group turnover increased by high-teens YOY in Oct-07.

Giordano 2007 Third Quarter Results4 Group Turnover by Business Segment Nine Months Ended September 30, 2007 Giordano core line & Giordano Junior, 74% (79%) 1 Garment Trading & Manufacturing 2, 11% (9%) 1 BSX / Bluestar Exchange, 6% (7%) 1 Giordano Concepts, 4% (N/A) 1 Giordano Ladies, 5% (5%) 1 1 YOY figures in brackets 2 Sales to external parties, net of intra-group sales

Giordano 2007 Third Quarter Results5 Turnover YOY % Increase/Decrease Six months ended Jun-07 Three months ended Sep-07 Nine months ended Sep-07 Giordano core line & Giordano Junior  8.1%  5.0%  7.1% Giordano Ladies  22.8%  15.9%  20.0% BSX / Bluestar Exchange  9.8%  7.8%  8.9% Retail & Distribution Total  11.8%  9.9%  11.1% Gross Profit  9.5%  10.7%  9.9% Retail & Distribution Division Operations Highlights 3Q07 Retail & Distribution gross margin widened to 50.3% (3Q06: 49.9%). Oct-07 Retail & Distribution sales and gross profit both increased by mid-teens.

Giordano 2007 Third Quarter Results6 Comparable Store Sales 1 YOY % Increase/Decrease Six months ended Jun-07 Three months ended Sep-07 Nine months ended Sep-07 Giordano core line & Giordano Junior  4.8%  0.8%  3.1% Giordano Ladies  14.4%  5.9%  11.5% BSX / Bluestar Exchange  6.9%  6.8%  6.9% Retail & Distribution Total  4.3%  0.3%  2.9% Comparable Store Gross Profit 1  2.6%  3.8%  2.9% Retail & Distribution Division Operations Highlights 1 Inclusive of outlets operating for the full 3, 6 and 9 months in the periods under consideration.

Giordano 2007 Third Quarter Results7 Giordano core-line & Junior YOY % Increase/Decrease Six months ended Jun-07 Three months ended Sep-07 Nine months ended Sep-07 Turnover  8.1%  5.0%  7.1% Comparable Store Sales  4.8%  0.8%  3.1% Change in Number of Outlets  58  33  91 Accounted for 83.6% of Retail & Distribution turnover for the nine months ended Sep-07. Oct-07 sales up mid-teens YOY.

Giordano 2007 Third Quarter Results8 Giordano Ladies YOY % Increase/Decrease Six months ended Jun-07 Three months ended Sep-07 Nine months ended Sep-07 Turnover  22.8%  15.9%  20.0% Comparable Store Sales  14.4%  5.9%  11.5% Change in Number of Outlets  3  6 Accounted for 5.6% of Retail & Distribution turnover for the nine months ended Sep-07. Launched in Kuala Lumpur in 3Q07. Total 37 stores as of end Sep-07. Oct-07 sales up mid-teens YOY. New store planned in Jakarta in 4Q07.

Giordano 2007 Third Quarter Results9 Giordano Concepts YOY % Increase/Decrease Six months ended Jun-07 Three months ended Sep-07 Nine months ended Sep-07 TurnoverN/A Comparable Store SalesN/A Change in Number of Outlets  6  3  9 Accounted for 4.2% of Retail & Distribution turnover for the nine months ended Sep-07. Added three stores in Guangzhou, Taipei and Kuala Lumpur in 3Q07. Total 12 stores as of end Sep-07. At least another two stores planned in 4Q07.

Giordano 2007 Third Quarter Results10 BSX / Bluestar Exchange YOY % Increase/Decrease Six months ended Jun-07 Three months ended Sep-07 Nine months ended Sep-07 Turnover  9.8%  7.8%  8.9% Comparable Store Sales  6.9%  6.8%  6.9% Change in Number of Outlets  7  17  24 Accounted for 6.6% of Retail & Distribution turnover for the nine months ended Sep-07. Gross margin for the nine months ended Sep-07 up 2.8 percentage points due to better product mix. 14 out of 125 stores re-branded to BSX as of end Sep-07. Closed 17 stores in 3Q07 to restructure store network. Oct-07 sales down low-teens YOY.

Giordano 2007 Third Quarter Results11 Retail & Distribution Turnover by Market Nine Months Ended September 30, 2007 Mainland China, 29% (25%) 1 Hong Kong, 21% (23%) 1 Taiwan, 15% (17%) 1 Singapore, 9% (10%) 1 Australia, 5% (6%) 1 Indonesia, 4% (3%) 1 Malaysia, 3% (3%) 1 Thailand, 3% (2%) 1 Others, 11% (11%) 1 1 YOY figures in brackets

Giordano 2007 Third Quarter Results12 Turnover YOY % Increase/Decrease Six months ended Jun-07 Three months ended Sep-07 Nine months ended Sep-07 Mainland China  26.9%  22.8%  25.4% Hong Kong  2.6%  0.1%  1.8% Taiwan  0.6%  0.2%  0.3% Singapore  5.3%  12.6%  0.8% Retail & Distribution Total 1  11.8%  9.9%  11.1% South Korea 1  7.0%  3.0%  5.7% Middle East 1  17.4%  45.7%  26.7% 1 Korean and Middle East sales are not consolidated into Group sales. Retail & Distribution Division Operations Highlights

Giordano 2007 Third Quarter Results13 Comparable Store Sales 1 YOY % Increase/Decrease Six months ended Jun-07 Three months ended Sep-07 Nine months ended Sep-07 Mainland China  20.6%  7.2%  16.8% Hong Kong  7.8%  3.8%  6.5% Taiwan  3.5%  4.6%  3.8% Singapore  4.6%  19.5%  9.5% Retail & Distribution Total 2  4.3%  0.3%  2.9% South Korea 2  12.0%  2.4%  9.9% Middle East 2  2.4%  38.8%  7.5% 1 Inclusive of outlets operating for the full 3, 6 and 9 months in the periods under consideration. 2 Korean and Middle East sales are not consolidated into Group sales. Retail & Distribution Division Operations Highlights

Giordano 2007 Third Quarter Results14 YOY % Change Six months ended Jun-07 Three months ended Sep-07 Nine months ended Sep-07 Turnover  26.9%  22.8%  25.4% Comp Store Sales  20.6%  7.2%  16.8% Change in Number of Outlets  41  16  57 Mainland China Opened first Giordano Concepts store in Guangzhou in August Total 786 outlets as of end Sep additional stores planned for 4Q07. Oct-07 turnover and gross profit up > 20% YOY.

Giordano 2007 Third Quarter Results15 Hong Kong Total 93 outlets as of end Sep-07. Oct-07 sales up low single digit YOY while gross profit up high single digit. YOY % Change Six months ended Jun-07 Three months ended Sep-07 Nine months ended Sep-07 Turnover  2.6%  0.1%  1.8% Comp Store Sales  7.8%  3.8%  6.5% Change in Number of Outlets  2  3  5

Giordano 2007 Third Quarter Results16 Taiwan Closed 16 stores in the nine months to Sep-07. Total 223 outlets as of end Sep-07. Oct-07 sales and gross profit up low single digit YOY. YOY % Change Six months ended Jun-07 Three months ended Sep-07 Nine months ended Sep-07 Turnover  0.6%  0.2%  0.3% Comp Store Sales  3.5%  4.6%  3.8% Change in Number of Outlets  5  11  16

Giordano 2007 Third Quarter Results17 Singapore Sales impacted by 2 percentage point GST increase to 7% in Jul-07. Total 53 outlets as of end Sep-07. Oct-07 sales down double digit YOY. YOY % Change Six months ended Jun-07 Three months ended Sep-07 Nine months ended Sep-07 Turnover  5.3%  12.6%  0.8% Comp Store Sales  4.6%  19.5%  9.5% Change in Number of Outlets  1  1 -

Giordano 2007 Third Quarter Results18 South Korea Nine Months Ended September 30 Gross margin for the nine months ended Sep-07 up 1.5 percentage points. Total 165 outlets as of end Sep-07. Oct-07 sales up low single digit YOY. YOY % Change Six months ended Jun-07 Three months ended Sep-07 Nine months ended Sep-07 Turnover  7.0%  3.0%  5.7% Comp Store Sales  12.0%  2.4%  9.9% Change in Number of Outlets  8  9  17

Giordano 2007 Third Quarter Results19 Middle East Total 142 outlets as of end Sep-07. Oct-07 sales up mid-teens YOY. YOY % Change Six months ended Jun-07 Three months ended Sep-07 Nine months ended Sep-07 Turnover  17.4%  45.7%  26.7% Comp Store Sales  2.4%  38.8%  7.5% Change in Number of Outlets  10  3  13

Giordano 2007 Third Quarter Results20 No. of Outlets As at September 30, 2007 As at Dec 31, 2006 YTD Change Giordano & Junior Giordano Concepts Giordano Ladies Bluestar Exchange Total Mainland China  57 Hong Kong  5 5 Taiwan  16 Singapore Australia  2 Malaysia  3 Indonesia  2 Thailand  12 South Korea  17 Middle East  13 Philippines  2 Others  1 Total1, ,8511,769  82 Global Retail Network