Giordano International Limited (Stock code: 709) November 13, 2008 (Thursday) 2008 Third Quarter Update

November 13, 2008Giordano 2008 Third Quarter Update2 Group Operations Highlights Continuing operations 1 Nine Months Ended Sep 30, 2008 YOY Change Group turnover+ 9.0% Retail & Distribution turnover in Mainland China+ 31.2% Mainland China gross margin+ 410 bps Mainland China gross profit+ 43.0% Group gross margin (2007: 50.1%) 51.3% / bps Group gross profit+ 11.6% Net cash & bank balances (in HK$ millions) 425 Inventory turnover on sales (2007: 31 days) 30 days 1 Excluding the results of Placita, the Group’s main garment manufacturing subsidiary, which has been substantially divested in Aug 2008.

November 13, 2008Giordano 2008 Third Quarter Update3 YOY Change 3 months ended Sep 30, months ended Sep 30, months ended Jun 30, 2008 Retail & Distribution Turnover+ 3.9%+ 9.4%+ 12.1% Group turnover %+ 9.0%+ 11.6% Group gross profit %+ 11.6%+ 15.1% 1 Continuing operations, excluding the results of Placita, the Group’s main garment manufacturing subsidiary, which has been substantially divested in Aug Group Operations Highlights

November 13, 2008Giordano 2008 Third Quarter Update4 Turnover by Brand Nine Months Ended Sep 30, 2008 Giordano & Giordano Junior 84% of turnover (2007: 83%) Turnover up 10.9% Same store sales down 0.7% Net addition of 34 stores 1,757 stores as at Sep 30, 2008 BSX 5% of turnover (2007: 7%) Turnover down 23.4% YOY Same store sales down 0.1% Launched in South Korea and the Middle East Net reduction of 6 outlets 111 stores as at Sep 30, 2008 Giordano Ladies 6% of turnover (2007: 6%) Turnover up 11.7% Same store sales up 3.6% Net addition of 7 stores 46 stores as at Sep 30, 2008 Launching in the Philippines in 4Q08 Giordano Concepts 5% of turnover (2007: 4%) Turnover up 19.3% Same store sales down 7.2% Net addition of 15 stores 29 stores as at Sep 30, 2008 Launching in the Middle East and Philippines in 4Q08

November 13, 2008Giordano 2008 Third Quarter Update5 Turnover YOY Change 3 months ended Sep 30, months ended Sep 30, months ended Jun 30, 2008 Giordano & Giordano Junior+ 6.0%+ 10.9%+ 13.3% Giordano Ladies+ 8.7%+ 11.7%+ 13.3% Giordano Concepts- 1.2%+ 19.3%+ 31.7% BSX- 30.6%- 23.4%- 19.6% Retail & Distribution Total + 3.9%+ 9.4%+ 12.1% Performance Review by Brand

November 13, 2008Giordano 2008 Third Quarter Update6 Same Store Sales 1 YOY Change 3 months ended Sep 30, months ended Sep 30, months ended Jun 30, 2008 Giordano & Giordano Junior- 2.9%- 0.7%+ 0.1% Giordano Ladies- 1.7%+ 3.6%+ 5.8% Giordano Concepts- 21.0%- 7.2%- 0.1% BSX- 13.9%- 0.1%+ 4.2% Retail & Distribution Total - 4.7%- 0.7%+ 0.8% Performance Review by Brand 1 Inclusive of outlets operating for the full 3, 6 and 9 months in the periods under consideration

November 13, 2008Giordano 2008 Third Quarter Update7 Retail & Distribution Turnover by Market Nine Months Ended Sep 30, 2008 Mainland China 33% of turnover (2007: 29%) Turnover up 31.2% YOY Gross margin up by 410 bps Added 61 outlets 881 outlets as at Sep 30, 2008 Hong Kong 18% of turnover (2007: 21%) Turnover down 3.3% YOY Net reduction of 6 outlets 86 outlets as at Sep 30, 2008 Taiwan 14% of turnover (2007: 15%) Turnover down 0.5% YOY Net reduction of 11 outlets 199 outlets as at Sep 30, 2008 Singapore 8% of turnover (2007: 9%) Turnover down 5.1% Number of stores unchanged Australia, 5% (5%) 1 Indonesia, 4% (4%) 1 Malaysia, 4% (3%) 1 Thailand, 3% (3%) 1 Others, 11% (11%) 1 1 YOY figures in brackets

November 13, 2008Giordano 2008 Third Quarter Update8 Turnover YOY Change 3 months ended Sep 30, months ended Sep 30, months ended Jun 30, 2008 Mainland China+ 25.3%+ 31.2%+ 34.1% Hong Kong- 9.9%- 3.3%- Taiwan- 11.0%- 0.5%+ 4.7% Singapore- 3.7%- 5.1%- 5.5% Retail & Distribution Total %+ 9.4%+ 12.1% South Korea %- 3.5%+ 2.5% Middle East %+ 24.2%+ 22.3% 1 South Korea and Middle East sales are not consolidated into Group sales. On Sep 30, 2008, the Group held 48.8% in Giordano South Korea and 20.0% in Giordano Middle East. Performance Review by Market

November 13, 2008Giordano 2008 Third Quarter Update9 Same Store Sales 1 YOY Change 3 months ended Sep 30, months ended Sep 30, months ended Jun 30, 2008 Mainland China+ 2.3%+ 9.9%+ 11.8% Hong Kong- 8.0%+ 0.3%+ 3.8% Taiwan- 14.0%- 2.5%+ 2.2% Singapore- 3.5%- 11.5%- 13.8% Retail & Distribution Total %- 0.7%+ 0.8% South Korea %+ 0.9%+ 2.1% Middle East %+ 19.0%+ 17.0% 1 Inclusive of outlets operating for the full 3, 6 and 9 months in the periods under consideration 2 South Korea and Middle East sales are not consolidated into Group sales. On Sep 30, 2008, the Group held 48.8% in Giordano South Korea and 20.0% in Giordano Middle East. Performance Review by Market

November 13, 2008Giordano 2008 Third Quarter Update10 Mainland China continues to grow – Twenty-two stores, including new flagship stores in Guangzhou, Hangzhou, Wuhan and Chengdu, were added in 3Q08 – 3Q08 sales up by 25.3% YOY in Mainland China – Turnover up by 31.2% and gross profit up by 43.0% YOY in the nine months ended Sep 30, 2008 – Despite unseasonably warm weather and uncertain economic outlook, sales still increased by high single digit YOY in Oct 2008 Markets outside Mainland China hit by global financial tsunami – Hong Kong, Taiwan and Singapore sales down respectively by 9.9%, 11.0% and 3.7% YOY in 3Q08 – Hong Kong and Taiwan sales were down by double digit in Oct 2008 – Group turnover decreased by high single digit YOY in Oct 2008 Review & Outlook

November 13, 2008Giordano 2008 Third Quarter Update11 Continue to invest in Mainland China – Focus on 2 nd and 3 rd cities where growth prospects are expected to be good due to the recently announced stimulus package New store projects and hiring outside Mainland China on hold Rigorous inventory control – Inventory turnover on sales for nine months ended Sep 2008 was 30 days, one day better than 2007 Conservative financial management – Net cash of HK$425 million as at Sep 30, 2008 kept in commercial banks Capitalize on Giordano’s reputation for attentive service, excellent quality and superior value to build customer base Review & Outlook

November 13, 2008Giordano 2008 Third Quarter Update12 No. of outlets As at Sep 30, 2008 As at Dec 31, 2007 Change Giordano & Junior Giordano Ladies Giordano Concepts BSXOthersTotal Mainland China Hong Kong Taiwan Singapore Australia Malaysia Indonesia Thailand South Korea Middle East & India Philippines Japan Others Total1, ,9491, Global Retail Network