Response to Court of Appeal

Home Retail Group Plc
19 October 2006


19 October 2006



                             Home Retail Group plc

                   Argos response to Court of Appeal decision



Argos is disappointed by today's Court of Appeal decision to dismiss its appeal
relating to the OFT's investigation into events in the toy market that occurred
more than six years ago. In view of this, Argos has today sought leave to appeal
to the House of Lords.


The toy market in the UK is very price competitive and Argos, as the number one
player, prides itself on the great value of its toy offer. Argos is committed to
providing choice, value and convenience across all its ranges and for all
customers.


A provision of £16m in relation to the fine was taken in the year to
31 March 2005.



Enquiries


Home Retail Group
Stuart Ford         Head of Investor Relations             01908 600 172


Finsbury
Rupert Younger                                             020 7251 3801
Rollo Head




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