ZNDT Zindart Limited ADS (MM)

Zindart Limited (Nasdaq NM: ZNDT) today announced the company name will be changed to Corgi International Limited pursuant to a special resolution approved by its shareholders at the company's annual general meeting. "Changing our name to Corgi International clarifies that the main focus of the company, going forward, will be on the marketing of branded Corgi products throughout the world," said George Volanakis, Chief Executive Officer (CEO). "We believe the name 'Corgi' will also provide better name recognition for prospective investors." Corgi, founded in the U.K. 50 years ago, has long been one of the leading companies in the die-cast vehicle market, producing high quality miniature replica cars, trucks, airplanes, fire engines and military vehicles for collectors, sold through specialty retailers and other retailers. Recently, the company also launched several lines of children's toys, which have proved popular with mass-market retailers. Zindart has a second division, Zindart Manufacturing that provides design services and turn-key manufacturing for multi-national companies of intricately detailed plastic and die-cast collectibles, toys and gift items. Zindart Manufacturing produces many of the Corgi products. Zindart's name change to Corgi International will be effective once the registration has been completed in Hong Kong, where the company is domiciled. At approximately that time, the company's Nasdaq trading symbol will change to "CRGI." Corgi operates in the U.K. as Corgi Classics. In the U.S., Corgi will continue to operate as Corgi USA. About Zindart Founded in 1978, Zindart is based in Hong Kong with offices in the United States and the United Kingdom. Zindart has a website at www.zindart.com. Collectors can find more information at www.corgiclassics.com or by calling 1-800-800-CORGI. Certain statements in this release are forward-looking. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, in addition to those discussed above and without limitation, changes in market demand for Zindart's products, changes in economic conditions, dependence on certain customers and other risks described in the company's annual report on Form 20-F for the fiscal year ended March 31, 2005. The company undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances.