Statement re Bond Issue

GUS PLC
05 February 2003


                                                                 5 February 2003

                                    GUS plc

                            Statement Re: Bond Issue


In its third quarter trading update on 14 January 2003, GUS stated its intention
to refinance a significant proportion of the Homebase acquisition facility in
the bond markets.  GUS is therefore pleased to announce that it has today
launched and priced approx £750m of eurobonds, comprising Eur600m 4.125% bonds
due 2007 and £350m 5.625% bonds due 2013.  The proceeds of the euro denominated
bond have been swapped into sterling.


Enquiries:


Peter Blythe, Director of Finance            GUS plc             020 7495 0070

Rollo Head/ Jenna Littler                    Finsbury            020 7251 3801



                      This information is provided by RNS
            The company news service from the London Stock Exchange