Strategic Partnership

Embargoed: 0700hrs, 12 January 2006 International Brand Licensing Plc New European Strategic Partnership International Brand Licensing Plc ('IBL'), owner of the Admiral sportswear brand, announces a new strategic alliance with @miral BV for the territory of Benelux, Germany, Austria, and Switzerland. As part of a ten, plus five year option, license agreement for this key central European territory, @miral will use its extensive design, development, and marketing resources to develop seasonal programmes for IBL's network of international licensees. Sales revenues in the @miral territory are forecast to total over EUR 60,000,000 through the initial term. As part of the agreement @miral will be granted 250,000 shares in IBL together with a further 650,000 share options at 18.50p exercisable over five years from date of grant. IBL Chief Executive, Tony Hutchinson, comments: 'We are delighted to have signed this new agreement with @miral. Not only will this significantly accelerate Admiral's growth in @miral's own territory, but their extensive and talented product and marketing resources will be of major benefit to all Admiral licensees worldwide.' Admiral is the official kit sponsor of the England and West Indies cricket teams and Leeds United, and is sold at ASDA stores and sports independents throughout the UK. For further information contact: Tony Hutchinson Adam Reynolds IBL plc Tel: 0207 823 1733 D
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