AGREEMENT WITH RAJAN GROUP

Embargoed: 0715hrs 24 October 2006 INTERNATIONAL BRAND LICENSING PLC INTERNATIONAL BRAND LICENSING PLC ANNOUNCES NEW AGREEMENT WITH RAJAN GROUP PLC International Brand Licensing Plc ("IBL") announces that it has signed an exclusive three year apparel licensing agreement with the Manchester based Rajan Group for its Admiral brand in the UK and Republic of Ireland. The initial launch will be for spring 2007 with minimum guarantees during the term of £295,000 with further royalties being payable should Rajan's wholesale revenues exceed the minimum guarantees. Tony Hutchinson, IBL's Chief Executive, comments: "We are delighted to have concluded this agreement with the Rajan Group. As a leading supplier to many of the key UK and Irish retail groups, Rajan has extensive resources and powerful trade relationships upon which to leverage the Admiral brand. Rajan will add a new dimension to Admiral in terms of building a strong presence on the high street in mainstream sports fashion for the first time in the brand's history." Admiral is the official kit supplier to the England & Wales and West Indies Cricket Boards, as well as Leeds United Football Club. For further information contact: International Brand Licensing Plc Tony Hutchinson: 0041 79 468 9450 Adam Reynolds: 020 7245 1100
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