Zale Names Yuval Braverman to Its Board of Directors.

DALLAS -- Zale Corporation (NYSE: ZLC), a leading specialty retailer of fine jewelry in North America, announced effective June 19, 2008, that Yuval Braverman has been elected to its Board of Directors. Mr. Braverman, 52, is currently the Chairman and Chief Executive Officer of J. & J. Zaidman, Inc. a diamond wholesaler.

Mr. Braverman co-founded J. & J. Zaidman, Inc. in 1981. The company deals in both rough and polished diamonds with offices in Antwerp and New York. Earlier in his career, Mr. Braverman was President of the Retail Sales Division for Gematic International, Inc. He is a graduate of the University of Maryland.

John B. Lowe, Jr., Chairman of Zale Corporation, said, "With nearly 30 years of experience in the diamond industry, Yuval will contribute unique insight into the business as we strive to be the best in diamonds. With this addition to the Board, we now have a full complement of members with diverse backgrounds and expertise that will help generate an attractive value for Zale shareholders over the long-term."

About Zale Corporation

Zale Corporation is a leading specialty retailer of fine jewelry in North America, operating approximately 2,150 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.