News Release

2003 Jun 19
AEON Stores (Hong Kong)

JUSCO's SHAREHOLDERS APPROVE CHANGE OF COMPANY NAME TO AEON STORES (HONG KONG) CO., LIMITED (永旺(香港)百貨有限公司)

(HONG KONG, 19 June 2003) - JUSCO Stores (Hong Kong) Co., Limited (the "Company") announced that the proposed change of the Company name to "AEON Stores (Hong Kong) Co., Limited" and the Chinese Company name to "永旺(香港)百貨有限公司" was unanimously approved by its shareholders at the annual general meeting held today. Further to the approval of the shareholders, the change of name is subject to the approval of the Registrar of Companies in Hong Kong and is expected to be effective in July.

The change of company name was proposed in accordance with the change made to the holding company AEON Co., Ltd. (previously known as "JUSCO Co., Ltd.") on 21 August 2001. AEON Co., Ltd. is working to ensure that all its major subsidiaries will also carry the "AEON" name as part of their company names. The Company's retail business however will continue to be carried out under the "JUSCO 吉之島" name.

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About AEON Stores
AEON Stores was established in Hong Kong in 1985 and listed on the Hong Kong Stock Exchange in 1994. The Group is mainly engaged in the operation of general retail businesses (General Merchandise Stores and Independent Supermarkets). Currently, it operates 10 GMS, 2 independent supermarkets, 31 independent Living PLAZA by AEON, 31 independent Daiso Japan, 4 Mono Mono, 4 KOMEDA'S Coffee and 1 JELYCO DO By KOMEDA'S Coffee in densely populated districts in Hong Kong. It also operates 21 GMS and 17 independent supermarkets in Guangdong Province, the PRC.

For more information:
AEON Stores (Hong Kong) Co., Limited
Corporate Communication Department
Tel.:(852)2165 0777
Email:aeonpr@aeonstores.com.hk

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