Zale Scheduled to Speak at the 30th Annual Merrill Lynch Retailing Leaders Conference

    DALLAS, March 14 /CNW/ - Zale Corporation (NYSE:  ZLC) today announced that
Betsy Burton, Chief Executive Officer, and Rodney Carter, Chief Financial
Officer, are scheduled to present at the 30th Annual Merrill Lynch Retailing
Leaders Conference on Wednesday, March 21, 2007, at approximately 2:40 p.m.,
Eastern Time. A web cast and replay of the presentation over the Internet will
be available via the Company's website at under the heading
'Shareholder Information.'

    Zale Corporation is a leading specialty retailer of fine jewelry in North
America operating approximately 2,400 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 and Additional information on Zale
Corporation and its brands is available at

For further information:

For further information: Zale Corporation David H. Sternblitz,
972-580-5047 Vice President and Treasurer

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