Zale Corporation Appoints Beth M. Pritchard To The Board

Zale Corporation (NYSE: ZLC) announced today that Beth M. Pritchard, a retail industry veteran, will join its Board effective March 9, 2012. This appointment will increase the total number of Board seats to eight.

Ms. Pritchard currently serves as the North American Advisor for M. H. Alshaya Company, a global franchise company representing over 65 premium brands throughout the Middle East, Eastern Europe, Russia and Africa. Ms. Pritchard also helped found Sunrise Beauty Studio, LLC, a developer of exclusive beauty brands and products. Prior to that, Ms. Pritchard served as Vice Chairman and Chief Executive Officer of Dean & Deluca and served as President and Chief Executive Officer of Limited Brands’ Bath & Body Works. She currently serves on the boards of Vitamin Shoppe, Inc. and Cabela’s, Inc.

“We are pleased to welcome Beth to our Board of Directors,” said John B. Lowe, Jr., Zale’s Chairman. “I am confident that Beth’s extensive retail experience will be invaluable to our efforts of returning the Company to profitability.”

About Zale Corporation

Zale Corporation is a leading specialty retailer of diamonds and other jewelry products in North America, operating approximately 1,810 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, www.zalesoutlet.com, www.gordonsjewelers.com, www.peoplesjewellers.com and www.pagoda.com. Additional information on Zale Corporation and its brands is available at www.zalecorp.com.

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