Director Shareholding

Embargoed: 0700hrs 30 January 2004

                         International Brand Licensing                         

                           ('IBL' or the 'Company')                            

                              Director's Options                               

Anthony Hutchinson, Chief Executive, has been granted options over 75,000
shares of the Company exercisable at a price of 18 pence per share.

                                    -ends-                                     

For further information please contact:

Adam Reynolds

Hansard Communications

Tel. [phone]