Le Lis Blanc 2008 Accumulated Gross Revenue up 39%, Same-store Sales Growth up 12.3%

SAO PAULO, Brazil, Aug. 14 /PRNewswire-FirstCall/ -- This release gives second quarter 2008 (2Q08) results for Brazilian premium fashion retail company Le Lis Blanc (Le Lis Blanc Deux Comercio e Confeccao de Roupas S.A.) - Bovespa ticker LLIS3.

HIGHLIGHTS

-- 14 company store openings from April 7 to August 13

-- 1H08 Gross revenue 38.6% higher, at R$ 127.9mn, than in 1H07 (R$ 92.2mn)

-- 1H08 Same-store sales up 12.3% year-on-year

-- 1H08 Net revenue per square meter in mature stores, at R$ 17,991/m2, 2.0% higher than in 1H07

-- 1H08 Gross profit 38.5% higher, at R$ 54.2mn, than in 1H07 (R$ 39.2mn)

-- 1H08 Adjusted EBITDA R$ 14.4mn; 1H08 Adjusted net income excluding amortization of goodwill tax credit (Cash earnings) R$ 9.1mn, in line with our projections

-- Net cash R$ 71.4mn at end-2Q08. We believe this will be enough to implement our expansion plan

-- Consumers vote Le Lis Blanc best women's fashion store in the 2008 ALSHOP/Visa award

CONFERENCE CALLS English Date: August 15, 2008 (Friday) Time: 10:00 a.m. (EDT Time) / 11:00 a.m. (Brasilia Time) Connection number: +1 (973) 935-8893 Access Code: 57096861 Portuguese Date: August 15, 2008 (Friday) Time: 09:00 a.m. (EDT Time) / 10:00 a.m. (Brasilia Time) Connection number: +55 (11) 4003-9004 Access Code: Le Lis Blanc