EGM Statement

GUS PLC
12 December 2005





                                    GUS plc
                                 Result of EGM

On 17 November 2005, GUS plc announced details of its plans to demerge its
remaining 65% stake in Burberry Group plc, subject to the approval of both GUS
and Burberry shareholders.

The Board of GUS is pleased to announce that all resolutions proposed at its
Extraordinary General Meeting held earlier today, including resolutions to
approve the demerger of Burberry, the consolidation of GUS' share capital and
all other consequential matters were duly passed by its shareholders. The
Proposals were also approved by the independent shareholders of Burberry at its
Extraordinary General Meeting held earlier today.

Application has been made to the UK Listing Authority and the London Stock
Exchange for 877,604,802 new GUS shares of 29 3/43p to be admitted to the
Official List and to be admitted to trading. Application has also been made for
a further 1,946,343 new GUS shares of 29 3/43p to be block listed. The block
listings consist of 504,645 shares under the Executive Share Option Scheme,
1,206,823 shares under the SAYE Share Option Scheme and 234,875 shares under the
North America Qualified Employee Stock Purchase Plan.

Copies of the resolutions passed at GUS' EGM have been submitted to the UK
Listing Authority and will shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility, which is situated at the Financial
Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS
(telephone number 020 7676 1000), during normal business hours on any weekday
(public holidays excepted).

As a result of these approvals, for every 1,000 existing GUS shares held at 0700
hours on 13 December 2005 (the Record Time), GUS shareholders will receive 305
Burberry Ordinary shares and 860 new GUS shares. Dealings in the new GUS shares
will commence at 0800 hours on 13 December 2005.

Following the share consolidation, the number of new GUS shares for the purpose
of calculating earnings per share in a full year will be approximately 850m
(excluding own shares held in Treasury and in the ESOP Trust). For the year to
31 March 2006, the average number of shares for the purpose of calculating
earnings per share will be approximately 946m.


Enquiries

GUS
David Tyler Group Finance Director             020 7495 0070
Fay Dodds Director of Investor Relations

Finsbury
Rupert Younger                                 020 7251 3801
Rollo Head

GUS announcements are available on www.gusplc.com.

Burberry Ordinary Shares are listed on the Official List and traded on the
London Stock Exchange. The Burberry Ordinary Shares have not been and will not
be registered under the US Securities Act of 1933, as amended (the 'Securities
Act'), and may not be offered or sold unless pursuant to a transaction that is
registered under the Securities Act, or not required to be registered
thereunder, or pursuant to an exemption from the registration requirements
thereof.

The Burberry Ordinary Shares referred to in this announcement have not been
approved or disapproved by the US Securities and Exchange Commission, any state
securities commission in the United States or any other US regulatory authority,
nor have such authorities passed upon or determined the adequacy or accuracy of
this announcement. Any representation to the contrary is a criminal offence in
the United States.




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