Adoption of IFRS 2

GUS PLC 10 June 2005 10 June 2005 GUS plc Adoption of IFRS 2 GUS plc, the retail and business services group, has in the past prepared its financial statements in accordance with UK Generally Accepted Accounting Principles (UK GAAP). Following a European Union Regulation issued on 19 July 2002, GUS will be required to report its results in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Commission from 1 April 2005. The Transition Date to IFRS for GUS is 1 April 2004, being the start of the period of comparative information. An explanation of the differences between UK GAAP and IFRS that are applicable to GUS will be released on 14 June 2005 and key differences between UK GAAP and IFRS will also be described in the 2005 Annual Report due for release on 20 June 2005. GUS has elected to apply IFRS 2 'Share-based payment' to those share-based payments granted before 7 November 2002 but not vested at the Transition Date. IFRS 2 is only required to be applied to share-based payments granted after 7 November 2002. However, the Group considers that retrospective application before this date provides a better indication of how past and future results are affected in relation to the year-on-year level of grants. As required by IFRS 2, the fair values of grants made before 7 November 2002 must be disclosed before IFRS is formally adopted. Accordingly, the fair values of all grants that impact the Group's financial results under IFRS for the year to 31 March 2005 are shown below. Enquiries GUS David Tyler Group Finance Director 020 7495 0070 Fay Dodds Director of Investor Relations Finsbury Rupert Younger 020 7251 3801 Rollo Head GUS announcements are available on its website, www.gusplc.com. GUS plc The fair values (at date of grant) of share scheme grants made to date are shown below: Options and awards in respect of the ordinary shares of GUS plc --------- -------- ---------------------------------------- The GUS plc Savings Related Share Option Scheme,The GUS plc Savings Related Share Option Scheme (Ireland) and The GUS plc International Savings Related Share Option Scheme Grant date Fair value ----------------------------------------- ---------------- -------- 3 year 9 February 2002 166p 5 year 9 February 2002 176p 3 year 5 July 2002 159p 5 year 5 July 2002 182p 3 year 26 June 2003 192p 5 year 26 June 2003 209p 3 year 26 June 2004 235p 5 year 26 June 2004 267p ---------------------------------------- --------------- -------- The 1998 Approved and Non-Approved Executive Share Grant date Fair value Option Schemes ---------------------------------------- -------------- -------- 9 December 1998 177p 23 June 1999 192p 8 December 1999 98p 7 April 2000 118p 7 August 2000 103p 6 December 2000 124p 11 June 2001 161p 17 December 2001 151p 6 June 2002 139p 23 December 2002 128p 19 June 2003 130p 2 December 2003 160p 1 June 2004 171p 24 November 2004 162p ---------------------------------------- --------------- --------- The North America Stock Option Plan Grant date Fair value ---------------------------------------- --------------- -------- 14 June 2000 111p 6 December 2000 122p 11 June 2001 158p 6 June 2002 135p 23 December 2002 127p 19 June 2003 126p 2 December 2003 154p 1 June 2004 165p 24 November 2004 155p ---------------------------------------- -------------- --------- The GUS plc Performance Share Plan and The GUS plc Grant date Fair value Executive Long Term Incentive Plans ---------------------------------------- -------------- -------- 1 April 2000 229p 11 June 2001 377p 6 June 2002 389p 31 July 2002 292p 19 June 2003 398p 1 June 2004 494p ---------------------------------------- --------------- -------- The GUS plc Co-Investment Plan Grant date Fair value ---------------------------------------- --------------- -------- 17 June 2002 572p 20 June 2003 582p 11 June 2004 824p ---------------------------------------- --------------- -------- Options and awards in respect of ordinary shares of Burberry Group plc Scheme Grant date Fair value ---------------------------------------- --------------- -------- The Burberry IPO Senior Executive Restricted Share Plan 11 July 2002 218p The Burberry 2004 Senior Executive Restricted Share Plan 2 August 2004 300p The Burberry Senior Executive IPO Share Option Scheme 11 July 2002 76p The Burberry Group plc Executive Share Option Scheme 2002 12 June 2003 87p The Burberry Group plc Executive Share Option Scheme 2002 2 August 2004 107p The Burberry Group plc Co-Investment Plan 29 July 2004 380p All Employee Share Plan 12 July 2002 225p All Employee Share Plan 30 August 2003 325p All Employee Share Plan July/August 2004 375p ---------------------------------------- --------------- -------- Options and awards in respect of the ordinary shares of Lewis Group Limited Scheme Grant date Fair value (Rand) ---------------------------------------- --------------- -------- The Lewis Executive IPO Restricted Share Scheme (3 year) 4 October 2004 27.0 The Lewis Executive IPO Restricted Share Scheme (4 year) 4 October 2004 26.0 The Lewis Executive IPO Restricted Share Scheme (5 year) 4 October 2004 25.1 The Lewis Executive Share Option Scheme (3 year) 4 October 2004 5.3 The Lewis Executive Share Option Scheme (4 year) 4 October 2004 6.1 The Lewis Executive Share Option Scheme (5 year) 4 October 2004 6.7 The Lewis All Employee Share Scheme (2 year) 4 October 2004 27.9 The Lewis All Employee Share Scheme (3 year) 4 October 2004 27.0 The Lewis All Employee Share Scheme (4 year) 4 October 2004 26.0 ---------------------------------------- --------------- -------- This information is provided by RNS The company news service from the London Stock Exchange

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