Acceptance of Offers to sell

GUS PLC 06 September 2006 6 September 2006 GUS plc Announcement of Acceptance of Offers to Sell GUS plc ('GUS') announces the results of its invitation to noteholders to offer to sell for cash any or all of their £350 million 5.625% Notes due 2013. Holders of £15,923,000 (4.55%) in principal amount of the 2013 Notes have offered to sell their Notes to GUS. GUS has given a Notice of Acceptance of Offers to Sell to the Tender Agent in respect of all such offers. Noteholders can therefore expect to receive their payment of par value plus accrued interest on their tendered Notes on Thursday 7 September 2006. As announced on 29 August 2006, GUS shareholders have approved the proposed separation of GUS' two businesses, Argos Retail Group and Experian, by means of a demerger (the 'Demerger'). GUS's invitation to tender has given noteholders who were concerned about the effect of the Demerger the opportunity to decide whether they wished to sell or to retain their Notes. David Tyler, Finance Director of GUS, said: 'We note that a small proportion of the 2013 noteholders have accepted our offer, but most of the noteholders wish to retain their notes as obligations of Experian. The outcome has no effect on the demerger, which is on track to be completed by mid-October.' This notice of results has today been made available to noteholders and is also available for inspection at the UK Listing Authority's Document Viewing Facility which is located at The Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. Enquiries Finsbury Rollo Head 020 7251 3801 Rupert Younger This information is provided by RNS The company news service from the London Stock Exchange

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Gusbourne (GUS)
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