FINAL RESULTS HIGHLIGHTS FOR THE YEAR ENDED DECEMBER 31, 2006

2 Group Financial Highlights For the Year Ended December 31, 2006 FY2006 (HK$M) FY2005 (HK$M) YOY Change Turnover4,3724, % 1H06 down 6.1%, 2H06 up 4.0%. YTD Feb-07 up double-digit. Gross profit2,1782, %1H06 down 6.8%, 2H06 up 0.9%. EBITDA % Operating profit % Due to lower gross profit and FY2006 operating expenses increasing by 5.0% Profit before tax % Profit attributable to shareholders % Profit attributable to shareholders excl additional China tax assessment % Amount of additional China tax assessment is HK$66 million

3 Group Financial Highlights For the Year Ended December 31, 2006 FY2006 (HK cents) FY2005 (HK cents) YOY Change Earnings per share % Earnings per share excl additional China tax assessment % Dividend per share Interim (paid)4.5 - Special interim (paid)2.0 - Final (proposed)5.0 - Special final (proposed) Total for the year Dividend payout ratio (%)192.0% 96.4%

4 Group Financial Highlights For FY2002 through FY2006

5 Group Financial Highlights For the Year Ended December 31, 2006 FY2006 (HK$ M) FY2005 (HK$ M) Net cash & bank balances Cash inflow from operating activities Inventory turnover on sales35 days31 daysReduced to 33 days at end-Feb Capital Expenditure111120HK$120M to HK$150M budgeted for 2007 Current ratio (x)2.1 X2.6 X Gross margin49.8%50.8%Down 1.0% pt due to greater discounting. EBITDA margin11.7%15.4% Operating margin8.6%11.7% Net margin4.7%9.2% 6.2% excluding additional China tax assessment

6 Divisional Highlights Divisional Highlights For the Year Ended December 31, 2006 TurnoverOperating Profit FY2006 (HK$M) FY2005 (HK$M) YOY Change FY2006 (HK$M) FY2005 (HK$M) YOY Change Retail & Distribution4,0194, % % Garment Trading & Manufacturing 9561, % % Intra-group Sales(603)(632)- 4.6%--- External Sales %--- Total4,3724, % %

7 Giordano Operations Highlights For the Year Ended December 31, 2006 FY2006FY2005 YOY Change Turnover (HK$M) 1 YTD Feb-07 sales up double-digit. 3,5073, % As % Total Retail Turnover 1 87% Comp Store Sales %- 0.5% Number of Outlets 1 Launched Giodano Concepts. Launched Giordano in India. 5 more stores in Opened Giordano franchised store in Vancouver in Feb additional stores planned for ,5871, Includes Giordano, Giordano Concepts and Giordano Junior

8 Giordano Operations Highlights For the Year Ended December 31, 2006 Giordano Store in Chennai City Centre, India (Opened May-06) Two Giordano Store in India at end-2006.

9 Giordano Concepts Store in Mongkok, Hong Kong (Opened Oct-06) Giordano Operations Highlights For the Year Ended December 31, 2006

10 Giordano Concepts Store in Mongkok, Hong Kong (Opened Oct-06) Giordano Operations Highlights For the Year Ended December 31, 2006

11 Giordano Ladies Operations Highlights For the Year Ended December 31, 2006 FY2006FY2005 YOY Change Turnover (HK$M) Sales grew by double-digit in all markets except Taiwan in YTD Feb-07 sales up double-digit % As % Total Retail Turnover 5% Comp Store Sales + 8.1%+ 3.3% Number of Outlets 5 stores planned for Launch in Malaysia

12 Giordano Ladies Store in Xintiandi, Shanghai (Opened Mar-06) Giordano Ladies Operations Highlights For the Year Ended December 31, 2006

13 Giordano Ladies Store in Xintiandi, Shanghai (Opened Mar-06) Giordano Ladies Operations Highlights For the Year Ended December 31, 2006

14 Bluestar Exchange Operations Highlights For the Year Ended December 31, 2006 FY2006FY2005 YOY Change Turnover (HK$M) YTD Feb-07 sales down due to weather % As % Total Retail Turnover 8% Comp Store Sales - 6.8%- 3.1% Number of Outlets BSX re-branding program to begin in Spring 2007 in Hong Kong additional stores in Proposed BSX Store Cashier Concept

15 Bluestar Exchange Operations Highlights For the Year Ended December 31, 2006 Proposed BSX Store Interior Concept

16 Retail & Distribution Turnover by Market For the Year Ended December 31, 2006 Hong Kong 22% (22%) Mainland China 27% (25%) Others 12% (13%) Note: 2005 figures in brackets Malaysia 3% (3%) Indonesia 4% (3%) Australia 6% (6%) Singapore 10% (10%) Taiwan 16% (18%)

17 Retail & Distribution Division Operations Highlights – MAINLAND CHINA For the Year Ended December 31, 2006 FY2006FY2005 YOY Change Turnover (HK$M)1, % 1H06 up 1.7%, 2H06 up 18.2%. YTD Feb-07 up double-digit YOY. Comp Store Sales+ 8.5%+5.5 %1H06 up 7.2%, 2H06 up 9.7%. Number of Outlets First Giordano Concepts opened in Shanghai Grand Gateway in 1Q more planned in selected first-tier cities. Net increase of 50 stores planned, mostly in second-tier cities and inland provinces.

18 Retail & Distribution Division Operations Highlights – HONG KONG For the Year Ended December 31, 2006 FY2006FY2005 YOY Change Turnover (HK$M) % 1H06 1.9%, 2H06 down 0.4%. YTD Feb-07 flat YOY. Rising operating costs a concern. Comp Store Sales+ 5.4%+ 4.4%1H06 up 4.4%, 2H06 up 6.7%. Number of Outlets Three Giordano Concepts opened at end-2006, one more opened in Skyplaza in Feb No net increase in store network planned in 2007.

19 Retail & Distribution Division Operations Highlights – TAIWAN For the Year Ended December 31, 2006 FY2006FY2005 YOY Change Turnover (HK$M) % 1H06 down 17.6%, 2H06 down 1.5%. Volatile political situation a concern. YTD Feb-07 flat YOY. Comp Store Sales- 9.1%- 5.8% 1H06 down 13.7%, 2H06 down 3.0%. Number of Outlets – 2 Giordano Concepts stores planned for Net increase of about 5 stores planned for 2007.

20 Retail & Distribution Division Operations Highlights – SINGAPORE For the Year Ended December 31, 2006 FY2006FY2005 YOY Change Turnover (HK$M) H06 down 7.3%, 2H06 up 7.6%. Upward rental and staff cost pressure. YTD Feb-07 sales about flat YOY. Comp Store Sales- 11.9%- 1.2 %1H06 down 15.7%, 2H06 down 7.4%. Number of Outlets No net increase in store network planned in 2007.

21 Retail & Distribution Division Operations Highlights – OTHER MARKETS For the Year Ended December 31, 2006 Turnover (HK$M)FY2006FY2005 YOY Change Australia % YTD Feb-07 sales up double-digit YOY. Net increase of 10 outlets planned for Malaysia % YTD Feb-07 sales up double-digit YOY. Indonesia % YTD Feb-07 sales up single-digit YOY. Thailand % YTD Feb-07 sales up double-digit YOY. Japan % Achieved breakeven in YTD Feb-07 sales down double-digit YOY due to warm weather.

22 Retail & Distribution Division Operations Highlights – SOUTH KOREA For the Year Ended December 31, 2006 FY2006FY2005 YOY Change Turnover (HK$M)1, % YTD Feb-07 sales about flat YOY due to warm weather. Comp Store Sales- 6.5%- 4.0% 1H06 down 9.6%, 2H06 down 2.1%. Number of Outlets Net increase of 10 stores planned for 2007.

23 Retail & Distribution Division Operations Highlights – MIDDLE EAST For the Year Ended December 31, 2006 FY2006FY2005 YOY Change Turnover (HK$M) % 1H06 sales up 18.6%, 2H06 sales flat. YTD Feb-07 sales up double-digit YOY. Comp Store Sales+ 1.6%+ 2.4% 1H06 up 5.8%, 2H06 down 5.5%. Number of Outlets Net addition of about 20 stores planned for 2007.

24 Garment Trading & Manufacturing For the Year Ended December 31, 2006 FY2006FY2005 YOY Change Sales including intra-group sales (HK$M) 9561, % Sales to external customers (HK$M) % External sales decreased to 36.9% of total divisional sales. YTD Feb-07 external sales up double- digit YOY. Percentage of Retail & Distribution’s total purchase Operating Profit (HK$M) % Operating Margin (%)4.4%5.6% 1H06 margin was 4.2%, 2H06 margin was 4.6%. 2H06 margin recovery due to partial relocation of operations to lower cost Northern China.

25 Heavy investment in increasing and upgrading our design and development capabilities 2007 Strategic Initiatives Expansion and upgrade of our product ranges

26 Giordano Concepts Store in Grand Gateway, Shanghai (Opened Mar-07) 2007 Strategic Initiatives New Store Openings and Store Refurbishment

27 Giordano Concepts Store in Skyplaza, Hong Kong (Opened Mar-07) 2007 Strategic Initiatives New Store Openings and Store Refurbishment

28 Giordano Ladies Store in Skyplaza, Hong Kong (Opened Mar-07) 2007 Strategic Initiatives New Store Openings and Store Refurbishment

29 Giordano Store in Aberdeen Mall, Vancouver (Opened Feb-07) 2007 Strategic Initiatives New Store Openings and Store Refurbishment

Strategic Initiatives New Store Openings and Store Refurbishment Giordano Store in Aberdeen Mall, Vancouver (Opened Feb-07)

31 Outlets as at Dec 31, Growth Target Remarks Mainland China72950 Focus on growing Giordano retail and franchise network in second tier cities and inland provinces. Hong Kong & Singapore 151-Focus on growing comparable store sales and margins. Taiwan2395 Focus on growing comparable store sales and margins. Adjust store portfolio to trade up to better locations. Southeast Asia2495Continued growth of Giordano network. Australia5910Continued roll-out of Giordano and Bluestar Exchange stores. Japan205Continued growth of Giordano network. South Korea14810 Focus on growing comparable store sales and margins. Adjust store portfolio to trade up to better locations. Middle East12720Continued roll-out of Giordano stores. India210Steady penetration of Indian market with Giordano. Others4310 Total1, Store Growth Targets

Strategic Initiatives Increase Advertising & Promotion – Outdoor MAINLAND CHINA Outdoor Advertising at Giordano Shanghai Flagship Store

33 MAINLAND CHINA Outdoor Advertising at Li Wan Plaza, Guangzhou 2007 Strategic Initiatives Increase Advertising & Promotion – Outdoor

34 HONG KONG Giordano Spring 2007 Ad Images 2007 Strategic Initiatives Increase Advertising & Promotion – Print

MAINLAND CHINA Giordano January 2007 Campaign 2007 Strategic Initiatives Increase Advertising & Promotion – Print

36 MAINLAND CHINA Giordano March 2007 Ad Campaign 2007 Strategic Initiatives Increase Advertising & Promotion – Print

Strategic Initiatives Increase Advertising & Promotion – Sponsorships HONG KONG The 31 st Hong Kong International Film Festival

38 Appendix Giordano Global Retail Network Number of Outlets As at December 31, 2006 As at Dec 31, 2005 YTD Change Giordano & Junior Giordano Ladies Bluestar Exchange Total Australia Hong Kong Indonesia Japan South Korea Mainland China Malaysia Middle East Philippines Singapore Taiwan Thailand Others Total1, ,7671,