Result of bondholder meeting

GUS PLC
13 June 2006

13 June 2006
For immediate release

GUS plc
Result of bondholder meetings

GUS plc ('GUS') announces the results of the meetings convened of the holders of
the 2007, 2009 and 2013 bonds. The extraordinary resolutions in respect of the
2007 and 2009 bonds were today passed by majorities of 99% and 91% respectively
of bonds which were voted. Accordingly, the 2007 and 2009 bonds are now modified
in the manner described in the resolutions, and the instruction fee will be paid
in respect of those bonds.

For the 2013 bonds, the resolution was not passed, with over 38% of the
outstanding 2013 bonds not voted. Accordingly, the 2013 bonds will not be
modified, will not have change of control protection added, and the instruction
fee will not be paid.

Notices of the results of the meetings of the holders of its bonds have been
given today by GUS to such holders. These notices are also available for
inspection at the UK Listing Authority's Documentation Viewing Facility which is
located at The Financial Services Authority, 25 The North Colonnade, Canary
Wharf, London E14 5HS.

David Tyler, Finance Director of GUS plc, said:

'Our proposals were fair, and we are pleased that our 2007 and 2009 bondholders
agreed with this. We were disappointed that some of our 2013 bondholders did not
agree, but we now regard this matter as closed. The outcome has no effect on the
demerger, and the 2013 bonds will remain in place in their un-modified form.'

Contact:

Finsbury
Rollo Head               [phone]

UBS:
Duane Hebert             [phone]

Merrill Lynch:
Asar Mashkoor            [phone]



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