Global Brands : APPOINTMENT OF NEW INDEPENDENT NON-EXECUTIVE DIRECTOR AND BOARD COMMITTEE MEMBER

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Global Brands Group Holding Limited

(Incorporated in Bermuda with limited liability)

(Stock Code: 787)

APPOINTMENT OF NEW INDEPENDENT NON-EXECUTIVE DIRECTOR AND BOARD COMMITTEE MEMBER

The board of directors of the Company is pleased to announce that Ms. Ann Marie Scichili has been appointed by the Company as an independent non-executive director, a member of the Audit Committee and the Nomination Committee of the Company, with effect from 18 January 2016.

The board of directors (the "Board") of Global Brands Group Holding Limited (the "Company") is pleased to announce that Ms. Ann Marie Scichili ("Ms. Scichili") has been appointed by the Company as an independent non- executive director ("INED"), a member of the audit committee (the "Audit Committee") and the nomination committee of the Board (the "Nomination Committee ") of the Company, with effect from 18 January 2016 (the "Proposed Appointments").

Biography of Ms. Scichili

Ms. Scichili, aged 56, has been appointed as an INED, a member of the Audit Committee and the Nomination Committee of the Group with effect from 18 January 2016. Ms. Scichili is the founder of AMS Design Inc., an international fashion consultancy, since 1992. Ms. Scichili currently holds a number of consulting positions, including Value Retail, Plc.. Ms. Scichili formerly developed and managed some of the most influential global brands today, including Banana Republic, Donna Karan and Lucky Brand Jeans. Further, Ms. Scichili is also a founding member of the Elton John AIDS Foundation and a member of The Circle, a charitable organization set up by Annie Lennox and Oxfam. Ms. Scichili formerly lectured at St. Martins College and developed courses for Polimoda International Institute of Fashion Design and Marketing in Italy. Ms. Scichili graduated from the University of Texas with a Bachelor of Science and Arts degree.

Ms. Scichili has entered into a letter of appointment with the Company for a term of three years commencing from the date of her appointment (subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the bye-laws of the Company). Ms. Scichili is entitled to an annual director's fee of HK$300,000 and additional annual fees of HK$100,000 and HK$50,000 as a member of the Audit Committee and the Nomination Committee respectively. The fee payable to her has been approved by the Board after considering the recommendation of the Remuneration Committee based on Ms. Scichili's qualifications, experience, level of responsibilities undertaken and prevailing market conditions.

Ms. Scichili has confirmed that she meets the independence criteria as set out in Rule 3.13 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Listing Rules").

Save as disclosed above, Ms. Scichili has confirmed that she does not hold

1. any other position with the Company or other members of the Group;

2. any directorship in any other public companies with securities of which are listed on any securities market in Hong Kong or overseas in the last three years; and (iii) any other major appointments and professional qualifications.

Save as disclosed above, Ms. Scichili has confirmed that she did not have any relationship with any director, senior management or substantial or controlling shareholder of the Company, or any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above, the Board is not aware of any other information relating to Ms. Scichili which is required to be disclosed pursuant to Rule 13.51(2) of the Listing Rules. There is no other matter which needs to be brought to the attention of the shareholders of the Company in respect of the Proposed Appointments.

The Company would like to express its warmest welcome to Ms. Scichili in joining the Board.

Hong Kong, 18 January 2016

Websites: www.globalbrandsgroup.com www.irasia.com/listco/hk/gbg

By Order of the Board

Global Brands Group Holding Limited William FUNG Kwok Lun

Chairman

As at the date of this announcement, the Board comprises one Non-executive Director, namely William Fung Kwok Lun (Chairman), two Executive Directors, namely Bruce Philip Rockowitz (Chief Executive Officer & Vice Chairman) and Dow Famulak (President & Chief Operating Officer) and six Independent Non-executive Directors, namely Paul Edward Selway-Swift, Stephen Harry Long, Hau Leung Lee, Allan Zeman, Audrey Wang Lo and Ann Marie Scichili.