Cancellation of Options

Embargoed: 3 May 2006

                       International Brand Licensing Plc                       

                                (the "Company")                                

                            Cancellation of Options                            

Further to the statement dated 20 April 2006, the Company has resolved to
cancel, in their entirety, the options granted over ordinary shares to certain
directors on 19 April 2006.

For further information please contact:

Paul Foulger, Finance Director
International Brand Licensing plc
Tel: [phone]

Ben Simons
Hansard Communications
Tel. [phone]