GLG CORP LTD — AGM Information 2008

Nov 2, 2008

GLG CORP LTD Annual General Meeting 3rd November 2008 WELCOME

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GLG CORP LTD – 2008 Annual General Meeting

Meeting Format

GLG Corp Ltd Results Deputy Chairman Review Half-Year Ended 31 December 2005 Accounts and Reports

Formal Resolutions Other Business - Close GK Soh Chief Executive Officer Eu Mun Leong - Chief Financial Officer

6-7 March 2006

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A Global Textile & Apparel Supply Chain Manager
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GLG CORP LTD – 2008 Annual General Meeting

• Introductions GLG Corp Ltd Results

• GLG Corp Half-Year Ended 31 December 2005

• Samuel Weiss – Non Executive Deputy Chairman

• Eu Mun Leong – Director and Chief Financial Officer

• Christopher Chong – Independent Non Executive Director

• Deloitte Touche Tohmatsu

• GK Soh Chief Executive Officer

• • Craig B ~~arlin~~ g – Partner Eu Mun Leong - Chief Financial Officer 6-7 March 2006

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A Global Textile & Apparel Supply Chain Manager
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GLG Corp Ltd Results

Half-Year Ended 31 December 2005 DEPUTY CHAIRMAN’S REVIEW

GK Soh Chief Executive Officer Eu Mun Leong - Chief Financial Officer

6-7 March 2006

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GLG CORP LTD – BUSINESS MODEL

~~GLG Corp Ltd~~ ~~Results~~ Revenue	100%
Half-Year Ended 31 December 2005 Gross Profit	9.5%
Administrative and other costs	5.5% to 6.0%
NPAT	US$6.3 million

• Supply chain manager

• Knitwear Specialist - GK Soh Chief Executive Officer • ~~m cus~~ Long ter tomer relationships with U.S. Retailers Eu Mun Leong - Chief Financial Officer • Outsta ~~nd~~ ing service record

• Value - Add Services

• Research & Development

• Product Innovation

• • Factory Quality Assurance and Compliance6-7 March 2006

• End to End Supply Chain Management

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Financial Year Summary

Sales decreased 5.2% to US$209.1 million. GLG Corp Ltd NPAT of US$6.3 million (down 21.6% from 2007) Results

Half-Year Ended 31 December 2005 EPS of US 8.5 cents. PER 3.0x*.

NTA per share US 33.9 cents. Up 6.8% US retail market negatively impacted by credit crisis Declining US consumer confidence

GK Soh Chief Executive Officer Eu Mun Leong - Chief Financial Officer

6-7 March 2006

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GLG Corp Ltd Financial Update GLG Corp Ltd Results 30 June 2008 Half-Year Ended 31 December 2005

GKSoh	-	Chief Executive Officer
Eu Mun Leong	-	Chief Financial Officer
6-7 March 2006

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Consolidated P&L Analysis: Full- ear ended 30 June 2008 y

	30 June 2008 US$ million	30 June 2007 US$ million	% Change
Revenue	209.1	220.6	(5.2)%
Cost of Sales	(188.1)	(199.0)	5.5%
Gross profit	21.0	21.6	(2.8)%
Other Income	1.2	2.0	(40.0)%
Distribution expenses	(1.7)	(1.3)	(30.8)%
Administrative expenses	(10.7)	(10.8)	0.9%
Finance cost	(1.5)	(1.5)	-
Other expenses	(1.2)	(1.1)	(9.1)%
Profit before tax	7.1	8.9	(20.2)%
Income tax expense	(0.8)	(0.8)	-
Profit after tax	6.3	8.1	(22.2)%

	Consolidated P&L Analysis: Balance Sheet Analysis: Summary	Consolidated P&L Analysis: Balance Sheet Analysis: Summary	Consolidated P&L Analysis: Balance Sheet Analysis: Summary	Consolidated P&L Analysis: Balance Sheet Analysis: Summary	Consolidated P&L Analysis: Balance Sheet Analysis: Summary	Consolidated P&L Analysis: Balance Sheet Analysis: Summary	Consolidated P&L Analysis: Balance Sheet Analysis: Summary	Consolidated P&L Analysis: Balance Sheet Analysis: Summary
	Half-ye					ar ended 31 30 Jun 2008 US$ million	December 30 Jun 2007 US$ million	2005 Variance
	CURRENT ASSETS Cash					3.8	2.5	52.0%
	In A$ million at a AUD/USD exchange rate of 0.73 Trade Receivabl	Proforma e		Varience	% Varienc	20.7	22.9	(9.6)%
	(For illustration purposes only. The reporting currency of GLG is the US$) Advance, prepa	~~31 December~~ 2004 yments & ot	~~31~~ December ~~2005~~ her r ceiva	ble	e	0.2	0.2	-
	NON-CURRENT	ASSETS				6.6	5.1	29.4%
	TOTAL ASSETS					31.3	30.7	2.0%
						3.5	3.6	(2.8%)
	Interest Expenses CURRENT LIAB Accounts payab	0.282 ILITIES le	0.577	0.295	105%
	~~Borrowings (average)~~ Interest bearing	~~21.4~~ liabilities	~~20.8~~	~~(0.6)~~	~~(3)%~~	0.8	0.8	-
						-	-	-
	Interest Rate Other financial l	4.44% iabilities	7.56%	3.12	70%
	Tax provision					0.9	1.1	(18.2%)
	Interest Variance due to interest rate increase NON-CURRENT LIABILITIES				0.326
	Interest variance due to borrowings decrease Interest bearing liabilities Deferred Tax liabilities					0.9 0.1	1.6 0.1	(43.8%) -
					(0.031)
	NET ASSETS					25.1	23.5	6.8%
	~~Total Net Increase in Interest~~ EQUITY & RESERVES				0.295	25.1	23.5	6.8%

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Cash Flow Statement Consolidated P&L Analysis:

Ca	Consolidated P&L Analysis: sh Flow Statement	Consolidated P&L Analysis: sh Flow Statement	Consolidated P&L Analysis: sh Flow Statement	Consolidated P&L Analysis: sh Flow Statement	Consolidated P&L Analysis: sh Flow Statement	Consolidated P&L Analysis: sh Flow Statement	Consolidated P&L Analysis: sh Flow Statement	Consolidated P&L Analysis: sh Flow Statement
	~~Half-year ended 31~~ Results: Full-year ended 30 June 2008						~~Decemb~~ 2008 US$m	~~er 2005~~ 2007 US$m
	Receipts from customers Payments to suppliers and employees				% Varienc e		207.2 (198.6) (0.9) (1.0) 0.2 6.9	223.4 (210.1) (0.8) (0.6) 0.3 12.2
In A$ milli exchange (For illust The repor is the US$	on at a AUD/USD rate of 0.73 ration purposes only. ting currency of GLG ) ~~Interest pa~~ Income ta Interest re Net Opera	Proforma 31 December 2004 ~~id~~ xes refund/ ceived ting Cash F	31 December 2005 (paid) lows	Varience	% Varienc e
	~~Net Invest~~	~~ing Cash Fl~~	~~ows~~				(0.3)	(0.7)
Interes	t Expenses	0.282	0.577	0.295	105%
							(4.6) (0.7) (5.3)	(4.6) (9.5) (14.1)
Borrow	ings (average) ~~Dividends~~ Repaymen	21.4 ~~paid~~ t of borrow	20.8 ings	(0.6)	(3)%
Interes	t Rate Net Finan	4.44% cing Cash F	7.56% lows	3.12	70%
	Net increa	se (decreas	e) in cash	held			1.3 2.5 3.8	(2.6) 5.1 2.5
Interest Variance due to interest rate increase Interest variance due to borrowings decrease Total Net Increase in Interest Cash at the Beginning Period Cash at End of Period	t Variance due to interest rate increase t variance due to borrowings decrease Cash at the Beginning Period Cash at End of Period				0.326
					(0.031)
					0.295

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GLG Corp Ltd

Marketplace Update GLG Corp Ltd Results 31[st] October 2008 Half-Year Ended 31 December 2005

GKSoh	-	Chief Executive Officer
Eu Mun Leong	-	Chief Financial Officer
6-7 March 2006

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GLG Corp Ltd: Marketplace Update

Retail Marketplace

GLG Corp Ltd Declining consumer confidence causing lower sales and Results pushing spending to the “lower end” of the market; Half-Year Ended 31 December 2005 Weaker retailers facing greater supplier scrutiny.

Reduction in suppliers and number of product lines carried by large customers;

Reactive buying patterns from customers, leading to “see how it sells and react orders”, smaller bulk purchases, increased - numb GK ~~er of~~ Soh smaller orders; Chief Executive Officer Eu Mun Leong - Chief Financial Officer Re ~~tail~~ focus on reducing product cost Cost reduction pressure driving consolidation of buying teams at the large US retailers

6-7 March 2006

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GLG Corp Ltd: GLG Response to Marketplace

New Sales Channels GLG Corp Ltd Results Joint Venture in United States Half-Year Ended 31 December 2005 Value Based: Family Dollar & Dollar General. Europe: Benetton; Additional Sales Management capacity Management DisciplinesGK Soh Chief Executive Officer Cost C Eu Mun Leong - ontrol and Margin Review; Chief Financial Officer Close monitoring of Customer Performance; Factory consolidation Launch of GLG Brand Product in Singapore6-7 March 2006

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A Global Textile & Apparel Supply Chain Manager
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Sales Bookings and Shipments Update (US$ Million)

Jul – Sep Q1 Oct – Dec Q2 Jan – Mar Q3 Apr-Jun Q4 Total Full Year Total	FY08 Actual Sales 59.5 53.0 46.2 50.5 96.7 209.2	FY09 Remarks Sales Bookings 52.0 Bookings 100% complete 65% of Bookings shipped 48.1 Excludes US$5M of shipments to Mervyns which are now withheld by factories 21.6 Bookings are approx 45% complete

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GLG Corp Ltd

Outlook and Prospects GLG Corp Ltd Results Half-Year Ended 31 December 2005

GKSoh	-	Chief Executive Officer
Eu Mun Leong	-	Chief Financial Officer
6-7 March 2006

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GLG Corp Ltd 2009 Outlook

GLG Corp Ltd Results

Half-Year Ended 31 December 2005 Difficult trading conditions in the United States;

Retail uncertainty: Mervyns and Linen and Things into liquidation, others under earnings pressure;

No forecast growth in revenue;

Cost control should assist in improving profitability but may not GK Soh Chief Executive Officer benefi ~~t unt~~ il 2010 Financial Year; and Eu Mun Leong - Chief Financial Officer Review of business model should enable the Group to adapt to changing buying conditions brought on by the ongoing challenges in the US market.

6-7 March 2006

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Thank You

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GLG CORP LTD – 2008 Annual GeneralMeeting

2008 ACCOUNTS AND REPORTS

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GLG CORP LTD – 2008 Annual GeneralMeeting

FORMAL RESOLUTIONS

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GLG CORP LTD – 2008 Annual GeneralMeeting

Resolutions

Resolution 1 – Adoption of Remuneration Report Resolution 2 – Re-Election of Director Eu Mun Leong Resolution 3 – Re-Election of Director Yin Min Yong

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GLG CORP LTD – 2008 Annual GeneralMeeting

OTHER BUSINESS AND QUESTION TIME

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Thank You

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Cautionary note on forward-looking statements

This presentation may contain statements regarding the business of GLG Corp Limited and its subsidiaries (‘Group’) that are of a forward looking nature and are therefore based on management’s assumptions about future developments.

Such forward looking statements are intended to be identified by words such as ‘believe’, ‘estimate’, ‘intend’, ‘may’, ‘will’, ‘expect’, and ‘project’ and similar expressions as they relate to the Group. Forward-looking statements involve certain risks and uncertainties because they relate to future events. Actual results may vary materially from those targeted, expected or projected due to several factors.

Potential risks and uncertainties includes such factors as general economic conditions, foreign exchange fluctuations, interest rate changes, commodity price fluctuations and regulatory developments. Such factors that may affect GLG Corp’s future financial results are detailed in our 2008 Annual Report. The reader and/or listener is cautioned to not unduly reply on these forward-looking statements. We do not undertake any duty to publish any update or revision of any forward looking statements.

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