Press releases

Hong Kong, 6 May 2010 — Hong Kong-based multinational Li & Fung Limited (“Li & Fung” or “the Group”; SEHK: 494), the global consumer goods exporter, rated A3 (stable) by Moody’s and A- (stable) by Standard & Poor’s, proposes to offer notes to professional/institutional investors in transactions exempt from the registration requirements under the Securities Act. The notes will be denominated in U.S. dollars and unsecured. There will be no public offering of the notes in Hong Kong. Li & Fung intends to apply the net proceeds primarily towards business development and acquisitions. Any stabilisation will be conducted in accordance with the stabilisation rules of the Financial Services Authority.

Li & Fung has appointed Citigroup Global Markets Limited, The Hongkong and Shanghai Banking Corporation Limited and J.P. Morgan Securities Ltd. to be the joint lead managers and joint bookrunners for the proposed offering. No agreement has been entered into by Li & Fung in relation to the proposed offering as at the date of this press release, and the proposed offering may or may not proceed. A further press release in respect of the proposed offering will be made by Li & Fung as and when appropriate.