House of Pearl Fashions Appoints CEO for its Bangladesh Operations
New Delhi, December 13, 2007

Mr. Carlos M. Coene has joined House of Pearl Fashions Ltd in its subsidiary, Norwest Industries Limited. He has taken over as Chief Executive Officer for its Bangladesh Operations and will focus in European market. He will oversee marketing, distribution and sourcing business from Bangladesh. Mr. Carlos has 30 years of experience in buying, sourcing, market development, retail, sales, import and export in the apparel Industry.

Mr. Carlos has worked as Executive Director of Linkmark and was responsible for their operations in Delhi and Bangladesh, Pakistan, Sri Lanka, Turkey and UAE and was also responsible for the group sales in Europe where Linmark increased sales by more than 300% during his tenure.

Before joining, Mr. Carlos has worked with many Companies of repute like Avvivo International, Adidas, Globesend Ltd, British Van Heusen Ltd, Burton Group and Brookland.

The appointment of Mr. Carlos M. Coene will immensely benefit in marketing, distribution and sourcing arm of the Company and his vast experience will help company in managing future growth.

About House of Pearl Fashions Limited:
House of Pearl Fashions Limited is a multinational, ready-to-wear apparel company operating in three distinct business streams: manufacturing, marketing and distribution and sourcing of garments. HoPF operates nine modern ready-to-wear apparel manufacturing facilities, of which five are located in North India, one in South India, two in Bangladesh and one in Indonesia. It manufactures a broad range of products comprising of knits, woven, sweaters and bottoms in basic as well as complex designs. The Company has marketing and distribution offices in U.K, U.S. and Hong Kong, which oversee marketing and merchandising teams across Canada, Europe, Hong Kong, U.K. and U.S. that interact with customers at their locations. The Company also owns warehousing and processing units in U.K. and the U.S. HoPFL also has a sourcing business in Hong Kong with offices in China, Bangladesh and India. The Company has fabric development centers in China and India as well as design and product development teams in U.K., U.S., India and Hong Kong.

With its distinct business model, the company offers multi-country, multi-gender and multi-product options in each business stream to its customers

Forward Looking Statement
Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements. House of Pearl Fashions Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.