The conference call may also be accessed by dialing:

(800) 679-2671 or (706) 643-7467

Using passcode: 74830502

A replay of the webcast can be viewed by visiting the Shareholder Information section of the Zale corporate website at http://www.zalecorp.com for approximately 30 days. In addition, an audio replay of the conference call will be available for approximately seven days by dialing (800) 642-1687 or (706) 645-9291 (passcode required: 74830502).

About Zale Corporation

Zale Corporation is a leading specialty retailer of fine jewelry in North America, operating approximately 2,130 retail locations throughout the United States, Canada and Puerto Rico, as well as online. Zale Corporation's brands include Zales Jewelers, Zales Outlet, Gordon's Jewelers, Peoples Jewellers, Mappins Jewellers and Piercing Pagoda. Zale also operates online at www.zales.com and www.gordonsjewelers.com. Additional information on Zale Corporation and its brands is available at www.zalecorp.com.