News Release

2003 Jul 11
AEON Stores (Hong Kong)

JUSCO CHANGES COMPANY NAME TO AEON STORES (HONG KONG) CO., LIMITED 永旺(香港)百貨有限公司

(HONG KONG, 11 July 2003) - General Merchandise Stores operator JUSCO Stores (Hong Kong) Co., Limited (Stock code: 984) ("JUSCO" or the "Company") today announced the change of the Company's English name to "AEON Stores (Hong Kong) Co., Limited" and the Company's Chinese name to "永旺(香港)百貨有限公司". This change will take effect immediately as it has obtained the unanimous consent of shareholders at the Annual General Meeting on 19 June 2003 and has just been approved by the Registrar of Companies in Hong Kong.

Mr. Kazumasa Ishii, Managing Director of JUSCO, commented, "We are pleased to have the support of our shareholders in this aspect. We believe that the new Company name will further strengthen the Group's corporate image and enhance our future business development. Our retail business operations will remain the same and continue using 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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