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Zale to Announce Fourth Quarter Fiscal 2009 Results

Zale Corporation (NYSE: ZLC) announced that it plans to report financial results for the fourth quarter and year ended July 31, 2009, on Thursday, October 29, 2009, after market close. Zale will host a conference call at 10:00 a.m. ET on Friday, October 30, 2009 to discuss its fourth quarter and fiscal year 2009 business performance as well as its business outlook for fiscal year 2010. Participants are encouraged to listen to the presentation via webcast at http://www.zalecorp.com on the Shareholder Information section.

The conference call may also be accessed by dialing:

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

Passcode: 37579873

A replay of the webcast can be viewed by visiting the Shareholder Information section of the Zale Corporation Web site 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: 37579873).

About Zale Corporation

Zale Corporation is a leading specialty retailer of diamonds and other jewelry products in North America, operating approximately 1,930 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.

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