Parkson Retail Group Limited — Capital/Financing Update 2012

Aug 28, 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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PARKSON RETAIL GROUP LIMITED 百盛商業集團有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 3368)

CLARIFICATION IN RELATION TO THE ANNOUNCEMENT ON THE DISCLOSEABLE AND CONNECTED TRANSACTION ON THE ACQUISITION OF 95.91% EQUITY INTEREST IN QINGDAO PARKSON, 100% EQUITY INTEREST IN DALIAN PARKSON AND 100% EQUITY INTEREST IN SHENYANG PARKSON

Reference is made to the Company’s announcement on the acquisition of 95.91% equity interest in Qingdao Parkson, 100% equity interest in Dalian Parkson and 100% equity interest in Shenyang Parkson which was announced on 27 August 2012. Capitalized terms used in this clarification announcement shall have the same meaning as defined in the aforesaid announcement, unless otherwise provided herein.

The Company would like to clarify that a circular containing, among other things, valuation report from the Valuer, details of the Acquisition, the recommendation from the Independent Board Committee and the opinion from an independent financial adviser will be dispatched to Shareholders on or before 14 September 2012.

By Order of the Board PARKSON RETAIL GROUP LIMITED Cheng Yoong Choong Managing Director

28 August 2012

As at the date of this announcement, the Executive Directors of the Company are Datuk Cheng Yoong Choong and Mr. Chew Fook Seng, the Non-executive Director is Tan Sri Cheng Heng Jem and the Independent Non-executive Directors are Mr. Ko Tak Fai, Desmond, Mr. Werner Josef Studer and Mr. Yau Ming Kim, Robert.