To: Business Editor

For immediate release

DAIRY FARM CONFIRMS INTEREST FROM FAL IN NEW ZEALAND BUSINESS

25th May 2001 - Dairy Farm International Holdings Limited today confirmed that it has received an unsolicited expression of interest from Foodland Associated Limited in respect of Woolworths (New Zealand) Limited, its New Zealand supermarket business.

Mr Ian Durant, Group Finance Director, said "Foodland has contacted us to express interest in acquiring Woolworths. This approach was unsolicited and unexpected and no decision to sell has been made. We will need to consider the merits of any offer that Foodland may make to us and will keep the market updated."

Dairy Farm is a leading food and drugstore retailer in the Asia-Pacific Region. At 31st December 2000, the Group and its associates operated over 2,200 outlets, principally supermarkets, hypermarkets, convenience stores and drugstores, employed some 79,000 people in nine territories and had sales of US$6.6 billion in 2000.

For further information, please contact:
Dairy Farm Management Services Limited Ian Durant	(852) 2299 1896 (office) (852) 9122 0868 (mobile) Email: idurant@dairy-farm.com.hk
Golin/Harris Forrest Emily Chen	(852) 2501 7908 Email: emily.chen@golinharris.com.hk

This and other Group announcements can be accessed through the Internet at "www.dairyfarmgroup.com".

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