Parkson Retail Group Limited — M&A Activity 2007

Apr 17, 2007

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes 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.

PARKSON RETAIL GROUP LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3368)

COMPLETION OF ACQUISITION OF JIANGXI KAIMEI

Reference is made to the announcement of Parkson Retail Group Limited (the “Company”) dated 21 March 2007 (the “Announcement”). Terms used in this announcement shall have the same meanings as defined in the Announcement. The Board is pleased to announce that the Acquisition was completed on 16 April 2007. Golden Village Group Limited and Jiangxi Kaimei, which in turn owns and operates the K&M Store in Nanchang City, Jiangxi Province, PRC are now wholly-owned subsidiaries of the Company.

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

As at the date of this announcement, Mr CHENG Yoong Choong and Mr CHEW Fook Seng are executive directors of the Company, Tan Sri CHENG Heng Jem is a non-executive director of the Company and Mr STUDER Werner Josef, Mr KO Tak Fai, Desmond and Mr YAU Ming Kim, Robert are the independent non-executive directors of the Company.

Hong Kong, 16 April, 2007

Please also refer to the published version of this announcement in South China Morning Post.

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