GLOBE INTERNATIONAL LIMITED — M&A Activity 2006

Dec 13, 2006

PACIFIC B(R)ANDS

14 December 2006

ASX/NZX Announcement

Conditions for completion of the acquisition of the Streetwear Division of Globe International have been satisfied

Pacific Brands Limited (Pacific Brands) (ASX/NZX: PBG) today announced that the conditions for the completion of the acquisition of the Australian and New Zealand Streetwear Division (Streetwear) of Globe International (Globe) (ASX: GLB) have now been satisfied

Formal completion is due to occur on 2 January 2007.

Pacific Brands is looking forward to acquiring the well recognised brands of Mossimo. Stussy, Paul Frank, Freshijve, Independent, Mooks, M-ONE-11 and SuperDry and having the team of talented people at Streetwear join the Company.

For further information contact:

Investor Relations:

Katherine Cooper Pacific Brands Limited +61 3 9947 4926 +61 408 773 312

Pacific Brands manages 'Everyday Essential Brands', marketing some of the most recognised brands across Australia and New Zealand including Actil, Berlei, Bonds, Clarks (childrens), Dunlop, Everlast, Grosby, Holeproof, Hush Puppies, KingGee, Sheridan, Slazenger, Sleepmaker and Tontine. Pacific Brands' commitment to market leadership has provided it with number one or two positions across its major product categories in Australia and New Zealand which include underwear, socks, intimate apparel, hosiery, footwear, bedding, bedding accessories and foam.

These category leading positions have been achieved through a focus on being at the forefront of brand development, product innovation, marketing and an efficient and effective supply and distribution network.

Pacific Brands employs over 8,000 people and is listed on the Australian and New Zealand Stock Exchanges (ASX/NZX: PBG).