18 Apr 2007 10:42
TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):
Global Brands S.A.
2. Reason for the notification State Yes/No An acquisition or disposal of voting rights An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An event changing the breakdown of voting rights Other (please specify): Reconfirmation of holding Yes under DTR
3. Full name of person(s) subject to the notification Yossi Moldawsky obligation (iii):
4. Full name of shareholder(s) (if different from 3.) (iv): 5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v): 6. Date on which issuer notified: 17 April 2007 7. Threshold(s) that is/are crossed or reached: 3% 8. Notified details:
A: Voting rights attached to shares
Class/type of Situation Resulting situation after the triggering
shares previous to transaction (vii) if possible the Triggering using the ISIN transaction (vi)
CODE Number Number Number Number of voting % of voting of of of rights (ix) rights Shares Voting shares Rights (viii) Direct Direct Indirect Direct Indirect (x) (xi) LU0229056949 679,575 679,575 14.1% B: Financial Instruments
Resulting situation after the triggering transaction (xii)
Type of Expiration Exercise/ Number of voting % of financial date (xiii) Conversion rights that may be voting instrument Period/ Date (xiv) acquired if the rights instrument is exercised/ converted Total (A+B) Number of voting rights % of voting rights 679,575 14.1%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
The voting rights in 8A above includes 17,919 shares held by Beitar InvestmentsBV. Proxy Voting:
10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting
rights: 13. Additional information: 14. Contact name: Dov Lachovitz
15. Contact telephone number: 00 972 3 575 0631
GLOBAL BRANDS S.A.