Board appointment

21 January 2004

GUS plc announces that Andy Hornby, Chief Executive of Retail Banking at HBOS plc, joins its Board today as a non-executive director.

Andy, 37, has been in his current role at HBOS since November 1999. Prior to that he spent four years at Asda in a variety of roles including Managing Director of George, Asda's successful clothing business. From 1993 to 1995, Andy was Business Development Director of Blue Circle Home Products. He previously spent three years at Boston Consulting Group working on retail and media projects.

Andy graduated top of his MBA class at Harvard Business School and has an MA in English from St Peter's College, Oxford.

Andy Hornby said:

"I am delighted to become a non-executive director of GUS. I have watched with great interest the progress at GUS over recent years as it has been transformed. GUS has exciting businesses, which I believe offer significant potential for future growth."

Sir Victor Blank, Chairman of GUS, added:

"I am very pleased to welcome Andy to GUS. His experience and skills in retailing and financial services, where he has a very successful track record, make him an ideal addition to our Board.”

This announcement is also available on the GUS website www.gusplc.com.