09:25     AEON STORES<00984> - Announcement (3)                               

    The Directors believe that the launch of various credit cards             
    with Aeon Credit has provided further value-added service to              
    the Group's customers and has cultivated stronger customer                
    loyalty. The provision of various credit purchase facilities              
    by Aeon Credit has contributed positively in building sales               
    and extending the Group's customer base and the Directors                 
    expect that there will be continual growth in sales                       
    attributable to the credit purchase facilities provided by                
    Aeon Credit to customers of the Group.                                    
                                                                              
    Definitions                                                               
    In this announcement, the following expressions have the                  
    following meanings unless the context requires otherwise.                 
                                                                              
    "Aeon Credit"   Aeon Credit Service (Asia) Company Limited,               
    a company incorporated in Hong Kong with limited liability,               
    the shares of which are listed on the Stock Exchange.                     
                                                                              
    "Agreement"   the written agreement dated 15 April 2005                   
    entered into between the Company and Aeon Credit in respect               
    of the Commission Payment Transactions.                                   
                                                                              
    "Commission Payment  Transactions"   transactions entered                 
    into between the Company and Aeon Credit from time to time                
    pursuant to which the Company pays to Aeon Credit commissions             
    in respect of purchases made by customers of the Group by                 
    using credit purchases facilities provided by Aeon Credit                 
    from time to time including, but not limited to, various                  
    credit cards issued by Aeon Credit, namely AEON JUSCO VISA                
    Card, AEON JUSCO MasterCard, AEON JUSCO American Express                  
    Credit Card and any other co-branded credit cards and hire                
    purchase facilities provided by Aeon Credit.                              
                                                                              
    "Company"   AEON Stores (Hong Kong) Co., Limited, a company               
    incorporated in Hong Kong with limited liability, the shares              
    of which are listed on the Stock Exchange.                                
                                                                              
    "Director(s)"   the director(s) of the Company.                           
                                                                              
    "Group"   the Company and its subsidiaries.                               
                                                                              
    "Listing Rules"   the Rules Governing the Listing of                      
    Securities on the Stock Exchange.                                         
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong Limited.               
                                                                              
    By Order of the Board                                                     
    Kazumasa Ishii                                                            
    Managing Director                                                         
                                                                              
    Hong Kong, 20 April 2005                                                  
                                                                              
    As at the date of this announcement, the executive directors              
    of the Company are Mr. Kazumasa Ishii, Mr. Kozo Murata, Mr.               
    Wong Mun Yu and Mr. Lam Man Tin; non-executive directors are              
    Mr. Toshiji Tokiwa, Mr. Motoya Okada and Mr. Tatsuichi                    
    Yamaguchi, and the independent non-executive directors of                 
    the Company are Dr. Shao You Bao, Mdm. Lam Pei Peggy, and Mr.             
    Sham Sui Leung Daniel.