Sue Gove resigns from the post of EVP & COO

March 24, 2006 - United States Of America

Zale Corporation, North America's largest specialty retailer of fine jewelry announced that Sue E. Gove, Executive Vice President and Chief Operating Officer and member of the Board of Directors, has resigned as an officer and director of the Company effective immediately.

"The Company would like to thank Sue for her many contributions over the last 25 years and we wish her well in her future endeavors," commented Richard C. Marcus, Chairman of the Board of Directors. "We are very appreciative of the talent, dedication, and passion she brought to the business."

Zale Corporation is North America's largest specialty retailer of fine jewelry operating approximately 2,350 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, Bailey Banks & Biddle Fine Jewelers, Peoples Jewellers, Mappins Jewellers and Piercing Pagoda. Through its ZLC Direct organization, Zale also operates online at www.zales.com and www.baileybanksandbiddle.com.