Board Retirement

9 May 2007 15:38

Dairy Farm International Hldgs Ld09 May 2007 To: Business Editor For immediate release OWEN PRICE RETIRES FROM THE BOARD OF DAIRY FARM 9th May 2007 - Dairy Farm International Holdings Limited today announced that MrOwen Price had retired as a Director of the Company at its Annual GeneralMeeting held in Bermuda. Owen Price first joined the Dairy Farm Group in 1974,and had served as its Managing Director from 1981 to 1993. Chairman of Dairy Farm, Simon Keswick, said, "I would like to express our greatappreciation for the significant contribution made by Owen Price during his33-year association with Dairy Farm. As Managing Director he led the Groupthrough an important period in its development, and remained a valuable memberof the Board following his retirement from executive office." Dairy Farm is a leading pan-Asian retailer. At 31st December 2006, the Group andits associates operated 3,573 outlets - including supermarkets, hypermarkets,health and beauty stores, convenience stores, home furnishings stores andrestaurants; employed over 64,000 people in the region; and had 2006 total salesof US$6.0 billion. Dairy Farm International Holdings Limited is incorporated in Bermuda with itsprimary share listing in London. The Company's shares are also listed in Bermudaand Singapore. The Group's businesses are managed from Hong Kong by Dairy FarmManagement Services Limited through its regional offices. Dairy Farm is a memberof the Jardine Matheson Group. - end - For further information, please contact: Dairy Farm Management Services LimitedLancy Ng (852) 2299 3011 Email: lkng@dairy-farm.com.hkGolinHarrisJohn Morgan (852) 2501 7939 Email: john.morgan@golinharris.comMatheson & Co., LimitedPhilip Hawkins (020) 7816 8136 Weber Shandwick FinancialRichard Hews / Hannah Marwood (020) 7067 0424 This and other Group announcements can be accessed through the Internet at'www.dairyfarmgroup.com'. This information is provided by RNS The company news service from the London Stock Exchange