AGM Statement

Immediate Release: 15 May 2006

                       International Brand Licensing plc                       

                           ("IBL" or the "Company")                            

                                 AGM Statement                                 

At today's AGM, Chairman Adam Reynolds commented:

"In my statement of 19th April 2006, I was pleased to report a substantial
turnaround in the Company's fortunes by producing a full year profit for the
first time in the Company's history.

I am now delighted to announce to you that the current year has started
extremely well with the first four month's sales being around 25% higher than
the corresponding period last year, which in itself was a record year. In
addition, the Board is continuing to drive down fixed costs and is actively
looking at ways of increasing its gross margins through both manufacturing and
distribution efficiencies.

It is both reassuring and rewarding that sales of the official England Admiral
replica kit are still outperforming all our expectations and that the Company
is further benefiting from its focus on cost savings since the Board was
restructured last year.

Last week, the Company announced the sale of its Admiral trademarks for the
Greece and Cyprus territories for a cash consideration of £775,000, reflecting
the increasing value of the Admiral brand globally. Whilst expanding the
geographical reach of the Admiral brand remains at the core of the Company's
strategy, our over-riding aim is to maximise shareholder value which we firmly
believe this transaction achieved.

We are currently in discussion with several potential partners regarding the
signing of new long term license agreements in regions where we are currently
not represented. We are confident that the number of territories in which the
Admiral brand is distributed, currently 22, can be substantially increased in
the medium to long term, ensuring continued strong growth in the business going
forward.

Your Board is delighted with the progress the Company has made during the year
to date and we remain confident that we will continue to improve shareholder
value throughout the year ahead."

For Further information:

Adam Reynolds/Paul Foulger

International Brand Licensing

020 7823 1733