To: Business Editor

For immediate release

DAIRY FARM EXPANDS TAIWAN OPERATIONS
WITH ACQUISITION OF MAY SOON SUPERMARKETS

Hong Kong/Taiwan, 29th September 2000 - The Dairy Farm Group announced today that it is expanding its supermarket operation, Wellcome Taiwan, with the acquisition of twelve stores from May Soon Supermarket Chain. The acquisition is subject to approval from the Fair Trade Commission.

Ed Chan, Chief Executive Officer of Wellcome Taiwan said, "The acquisition comes at the right time when we are looking to expand our presence, particularly in Central Taiwan, to continue building sales and profitability for the Group. The extensive range of fresh food and daily groceries offered by our enlarged network of operations will allow us to serve our customers better."

With the acquisition, Wellcome Taiwan will operate 108 outlets, which further strengthens its position as the largest supermarket chain in Taiwan.

Dairy Farm is a leading food and drugstore retailer in the Asia-Pacific Region. At 30th June 2000, the Group and its associates operated over 2,100 outlets, principally supermarkets, hypermarkets, convenience stores and drugstores, employed some 78,000 people in nine territories. In 1999, they had sales of US$6.8 billion.

Issued on behalf of The Dairy Farm Group by Golin/Harris Forrest. For further information, please contact:

Wellcome Taiwan

Ed Chan

(88 62) 2883 9429 edchan@wellcome.com.tw

The Dairy Farm Group

Lancy Ng

(852) 2299 3011 lkng@dairy-farm.com.hk

Golin/Harris Forrest

Emily Chen

(852) 2501 7927 emily.chen@golinharris.com.hk

© Copyright 1996-2008 irasia.com Ltd. All rights reserved.

DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any information provided on this website. Under no circumstances shall irasia.com Ltd be liable for damages resulting from the use of the information provided on this website. TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website.