GLOBE INTERNATIONAL LIMITED — Earnings Release 2006

Aug 29, 2006

MEDIA RELEASE AND ASX ANNOUNCEMENT

30 August 2006

GLOBE INTERNATIONAL FY2006 FULL YEAR GUIDANCE

In March, Globe International Limited (ASX: GLB) advised that it expected that the FY2006 full year result would approximate that of FY2005.

For the year ended 30 June 2006, preliminary unaudited total revenues were approximately \$200 million compared to \$206 million for FY2005. Total revenues for Australia and New Zealand were consistent with last year's result whilst European revenues were ahead. In North America, earnings and revenue for the year were below those in the previous year due to a disappointing first quarter.

As a result, preliminary unaudited management accounts indicate that Group EBITDA for the year ended 30 June 2006 will be in the order of \$6 million, compared to approximately \$10 million for FY2005.

The chief executive officer of Globe, Matt Hill, said "Given that our EBITDA for the first half was \$1.2 million, the significant turnaround in the second half of the year of approximately \$5 million EBITDA has been positive although not sufficient to compensate for the poor first half in North America."

"In the second half of the year, the Australasian division continued its strong profitability and we saw a significant uplift in the North American and European regions," Mr. Hill said.

Globe will release its full year audited results on 13 September 2006.

Ends

Further information: Chris Oldfield 03 8671 1717 or 0419 309 303