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Press release from Business Wire

Zale Appoints Ken Brumfield Senior Vice President

Thursday, February 02, 2012

Zale Appoints Ken Brumfield Senior Vice President08:00 EST Thursday, February 02, 2012 DALLAS (Business Wire) -- Zale Corporation (NYSE: ZLC) announced today that Ken Brumfield has been appointed Senior Vice President, Financial Products. In this role, Mr. Brumfield will be responsible for all customer financing, warranty, insurance and repair product offerings. Mr. Brumfield will continue to report to Matt Appel, Chief Administrative Officer. “Since joining Zale in September 2010, Ken has made a significant contribution to our efforts to return the Company to profitability,” said Mr. Appel. “Ken was instrumental in initiating our U.S. customer alternative financing program, as well as the growth of our warranty and repair businesses. I am pleased to recognize Ken's leadership over our suite of financial products.” Mr. Brumfield has over 25 years of financial services' experience in all aspects of the consumer payments industry including card operations, risk underwriting, receivables financing, credit marketing, product innovation and development, and business development. Prior to rejoining Zale in September 2010, he served as Director of Sales at Alliance Data Systems, Inc. and as Senior Vice President of Credit Services at Stage Stores, Inc. About Zale Corporation Zale Corporation is a leading specialty retailer of diamonds and other jewelry products in North America, operating approximately 1,820 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. Zale CorporationRoxane Barry, 972-580-4391Director of Investor Relations