Holding(s) in Company

1 February 2005

                         International Brand Licensing                         

                           ('IBL' or the 'Company')                            

                              Holding in Company                               

IBL was informed yesterday that Fidelity Investments Limited and its direct and
indirect subsidiaries now hold a total of 1,992,100 ordinary shares in the
Company representing approximately 5.97% of the issued share capital.

                                    -ends-