1. INTERIM RESULTS HIGHLIGHTS FOR THE SIX MONTHS ENDED JUNE 30, 2007

2. 23 Aug 2007Giordano 2007 Interim Results2 Results Highlights Six Months Ended June 30 Group turnover 15.2% Retail turnover 11.8% Comparable store sales4.3% Mainland China retail sales26.9% Manufacturing 3 rd party sales57.2% Gross margin2.4% pts due to winter stock clearance Operating margin 0.9% pt Profits attributable to shareholders5.3% Earnings per share9.6 HK cents Interim dividend 6.5 HK cents

3. 23 Aug 2007Giordano 2007 Interim Results3 Amounts in HK$M 20072006ChangeRemarks Turnover2,3282,02115.2% Jul-07 turnover up double digit. Target double digit growth in 2H07. Gross profit1,1191,0219.6%Jul-07 gross profit up double digit. EBITDA2652534.7% Operating profit1921844.3% Profit before tax2031925.7% Profit attributable to Shareholders 143151- 5.3% Earnings per share (HK cents)9.610.1- 5.0% Interim dividend per share (HK cents) Ordinary4.5 - Special2.0 - Dividend payout ratio (%)67.7%64.4%NM Group Financial Highlights Six Months Ended June 30

4. 23 Aug 2007Giordano 2007 Interim Results4 Amounts in HK$M 20072006Remarks Net cash & bank balances409665 1 2006 final dividend of HK$298M paid in May-07. Cash inflow from operating activities123106 Inventory turnover on sales3235 1 Capital Expenditure6145HK$130M budgeted for 2007. Current ratio (x)2.02.1 1 Gross margin48.1%50.5% 1Q07 was 46.1% due to winter stock clearance. Increased to 50.1% in 2Q07. EBITDA margin11.4%12.5% Operating expenses up 10.7% from rising rentals. Operating margin8.2%9.1% Expect to improve in 2H07 from better gross margin. Net margin6.1%7.5% 1 As at December 31, 2006 Group Financial Highlights Six Months Ended June 30

5. 23 Aug 2007Giordano 2007 Interim Results5 Amounts in HK$M TurnoverOperating Profit 20072006Change20072006Change Retail & Distribution2,0891,869+ 11.8%174164+ 6.1% Garment Trading & Manufacturing 457480- 4.8%1820- 10.0% Intra-division Elimination(218)(328)- 33.5%--- Sales to Third Parties23915257.2%--- Total2,3282,021+ 15.2%192184+ 4.3% Divisional Highlights Six Months Ended June 30

6. 23 Aug 2007Giordano 2007 Interim Results6 Group Turnover by Business Segment Six Months Ended June 30, 2007 Giordano Ladies 5% (5%) Giordano core line & Giordano Junior 75% (80%) Note: 1H06 figures in brackets Garment Trading & Manufacturing (sales to third party) 10% (7%) Bluestar Exchange/BSX 6% (8%) Giordano Concepts 4% (NA)

7. 23 Aug 2007Giordano 2007 Interim Results7

8. 23 Aug 2007Giordano 2007 Interim Results8 20072006ChangeRemarks Turnover (HK$M) 1 1,7551,624+ 8.1% 1H07 ASP up 14.1% YOY to HK$97. Jul-07 sales up double digit YOY. Target double digit sales growth in 2H07. As % Total Retail Turnover 1 84%87% Comp Store Sales 1 + 4.8%- 5.9% Number of Outlets 1 1,6421,584 2 + 58 Opened in Vancouver and Los Angeles. Target to add about 40 new stores in 2H07, majority in Mainland China. Giordano core-line & Junior Six Months Ended June 30 1 Includes Giordano core-line and Giordano Junior. Excludes Giordano Concepts. 2 As at December 31, 2006

9. 23 Aug 2007Giordano 2007 Interim Results9

10. 23 Aug 2007Giordano 2007 Interim Results10 20072006ChangeRemarks Turnover (HK$M)11392+ 22.8% Sales grew by double digit in all markets except Taiwan in 1H07. 1H07 ASP up 11.4% YOY to HK$302. Gross margin increased by 1.5 percentage points YOY in 1H07. Jul-07 sales up double digit YOY. Target double digit sales growth in 2H07. As % Total Retail Turnover 5% Comp Store Sales+ 14.4%+ 6.4% Number of Outlets3431 1 + 3Launch in Kuala Lumpur in 2H07. Giordano Ladies Six Months Ended June 30 1 As at December 31, 2006

11. 23 Aug 2007Giordano 2007 Interim Results11

12. 23 Aug 2007Giordano 2007 Interim Results12 2007Remarks Turnover (HK$M)82 1H07 ASP was HK$129, 33.0% higher than Giordano core-line. As % Total Retail Turnover4% Comp Store SalesNA Number of Outlets9 Launched in three stores in Hong Kong in 4Q07. Added six stores in Shanghai, Hong Kong, Taipei and Singapore as at in 1H07. Additional stores planned for Guangzhou, Taipei and Kuala Lumpur in 2H07. Giordano Concepts Six Months Ended June 30

13. 23 Aug 2007Giordano 2007 Interim Results13

14. 23 Aug 2007Giordano 2007 Interim Results14 20072006ChangeRemarks Turnover (HK$M)138153- 9.8% 1H07 gross margin up 0.9 percentage point YOY. 1H07 ASP up 34.9% YOY to HK$58 due to BSX conversion. As % Total Retail Turnover 7%8% Comp Store Sales- 6.9%- 6.1% Number of Outlets142149 1 - 7 BSX launched in Mar-07 in Hong Kong with five stores by end Jun-07. Align store portfolio with new brand positioning. Bluestar Exchange / BSX Six Months Ended June 30 1 As at December 31, 2006

15. 23 Aug 2007Giordano 2007 Interim Results15 Hong Kong 21% (23%) Mainland China 29% (25%) Others 10% (10%) Note: 1H06 figures in brackets Malaysia 3% (3%) Indonesia 4% (4%) Australia 6% (6%) Singapore 9% (10%) Taiwan 15% (17%) Thailand 3% (2%) Retail & Distribution Turnover by Market Six Months Ended June 30, 2007

16. 23 Aug 2007Giordano 2007 Interim Results16 20072006ChangeRemarks Turnover (HK$M)599472+ 26.9% Jul-07 sales up double digit YOY. Target double digit growth in 2H07. Comp Store Sales+ 20.6%+ 7.2% Number of Outlets770729 1 + 41 Two Giordano Concepts stores opened in Shanghai in 1H07. One more planned for Guangzhou in 3Q07. Net increase of 20 stores planned for 2H07. Mainland China Six Months Ended June 30 1 As at December 31, 2006

17. 23 Aug 2007Giordano 2007 Interim Results17 20072006ChangeRemarks Turnover (HK$M)431420+ 2.6% Jul-07 sales flat YOY. Target high single digit growth in 2H07. Comp Store Sales+ 7.8%+ 4.4% Number of Outlets9698 1 - 2 Rapidly rising rental a concern. Small reduction in store network expected in 2H07. Hong Kong Six Months Ended June 30 1 As at December 31, 2006

18. 23 Aug 2007Giordano 2007 Interim Results18 20072006ChangeRemarks Turnover (HK$M)320322- 0.6% Jul-07 sales flat YOY. Target single digit sales growth in 2H07. Comp Store Sales- 3.5%- 13.7% Number of Outlets234239 1 - 5 Opened two Giordano Concepts stores in Taipei in 1H07. Plans to add one more in 2H07. Net reduction of five locations in 1H07. More closures of under-performing locations planned for 2H07. Taiwan Six Months Ended June 30 1 As at December 31, 2006

19. 23 Aug 2007Giordano 2007 Interim Results19 20072006ChangeRemarks Turnover (HK$M)200190+ 5.3% Jul-07 sales down single digit YOY because of GST hike. Target high single digit sales growth in 2H07. Comp Store Sales- 4.6%- 15.7% Number of Outlets5453 1 + 1 No net increase in store network planned in 2007. Singapore Six Months Ended June 30 1 As at December 31, 2006

20. 23 Aug 2007Giordano 2007 Interim Results20 Turnover (HK$M)20072006ChangeRemarks Australia117105+ 11.4% Jul-07 sales up double-digit YOY. Target double digit sales growth in 2H07. Malaysia6756+ 19.6% Jul-07 sales and 2H07 target same as above. Launch Ladies and Concepts in 2H07. Indonesia7869+ 13.0% Jul-07 sales and 2H07 target same as above. Thailand5743+ 32.6% Jul-07 sales and 2H07 target same as above. Other markets220192+ 14.6% Jul-07 sales and 2H07 target same as above. Other Markets Six Months Ended June 30

21. 23 Aug 2007Giordano 2007 Interim Results21 20072006ChangeRemarks Turnover (HK$M)441474- 7.0% Gross margin increased by 1.1 percentage points YOY in 1H07. Comp Store Sales- 12.0%- 9.6% Number of Outlets156148 1 + 8 Introduced Giordano Her and Giordano Him. Target to add 10 outlets in 2H07. South Korea Six Months Ended June 30 1 As at December 31, 2006

22. 23 Aug 2007Giordano 2007 Interim Results22 20072006ChangeRemarks Turnover (HK$M)202172+ 17.4% Gross margin increased by 0.6 percentage point YOY in 1H07. Jul-07 sales up double digit YOY. Target double digit growth in 2H07. Comp Store Sales+ 2.4%+ 5.8% Number of Outlets139129 1 + 10 Six new stores planned for Mumbai and other cities in India in 2H07. Middle East & India Six Months Ended June 30 1 As at December 31, 2006

23. 23 Aug 2007Giordano 2007 Interim Results23 20072006ChangeRemarks Sales including intra-group sales (HK$M) 457480- 4.8% Sales to third party customers (HK$M) 239152+ 57.2% 1H07 third party sales account for 52.3% of division sales. Jul-07 third party sales up double- digit YOY. Target double digit growth in 2H07. Percentage of Retail & Distributions total purchase 18.131.2 Operating Profit (HK$M)1820- 10.0% HK$2M decrease in operating profit due to higher cost of acquiring and servicing new third party clients. Operating Margin (%)3.9%4.2% Garment Trading & Manufacturing Six Months Ended June 30

24. 23 Aug 2007Giordano 2007 Interim Results24 Number of Outlets Dec 31, 2006 1H07 Change 2H07 Target Remarks Mainland China729+ 41 + 20At least 20 additional stores planned for 2H07. Hong Kong & Singapore151- 1- 5Small reduction in store network expected. Taiwan239- 5-15 More closures of under-performing locations planned for 2H07. Malaysia, Thailand & Indonesia 205+ 6+ 5Launch Ladies and Concepts in Malaysia Australia59+ 3- South Korea148+ 8+ 10Open additional Giordano Her and Him outlets. Middle East & India129+ 10 Six new stores planned for Mumbai and other cities in 2H07. Other Markets107- 2+ 5 Opened one store each in Vancouver and LA in 1H07. Second LA store planned for 2H07. Total1,767+ 60+ 30 2007 Development Plan

25. 23 Aug 2007Giordano 2007 Interim Results25 No. of Outlets As at Jun 30, 2007 As at Dec 31, 2006 YTD Change Giordano & Junior Giordano Concepts Giordano Ladies Bluestar Exchange Total Mainland China72221432770729+ 41 Hong Kong46410369698- 2 Taiwan1652859234239- 5 Singapore5112-5453+ 1 Australia58--46259+ 3 Malaysia58--- - Indonesia78--684 - Thailand69--- 63+ 6 South Korea156--- 148+ 8 Middle East & India139--- 129+ 10 Philippines41--14244- 2 Japan18--- 20- 2 Others41--44543+ 2 Total1,6429341421,8271,767+ 60 Global Retail Network