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GLOBE INTERNATIONAL LIMITED M&A Activity 2007

Jan 1, 2007

64990_rns_2007-01-01_8f80b1f7-45b0-4367-8083-5df165c191d7.pdf

M&A Activity

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PACIFIC B(R)ANDS

2 January 2007

ASX/NZX Announcement

Completion of the acquisition of the Streetwear Division of Globe International

Pacific Brands Limited (Pacific Brands) (ASX/NZX: PBG) today announced that the acquisition of the Australian and New Zealand Streetwear Division (Streetwear) of Globe International (Globe) (ASX: GLB) has been completed.

John Grover

Company Secretary Pacific Brands Limited

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GLOBE INTERNATIONAL LIMITED — M&A Activity 2007

64990_rns_2007-01-01_8f80b1f7-45b0-4367-8083-5df165c191d7.pdf

PACIFIC B(R)ANDS

ASX/NZX Announcement

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GLOBE INTERNATIONAL LIMITED M&A Activity 2007