2013 Bond Update

GUS PLC
31 July 2006



For immediate release
31 July 2006

                                     GUS plc
                       £350,000,000 5.625% notes due 2013


GUS announces that it intends to make a tender offer for the above bonds at a
price of par plus accrued interest. Full details will be announced in due
course.

This offer follows the announcement on 27 July 2006 concerning the timetable for
the proposed demerger of Argos Retail Group and Experian and the posting of
documents to shareholders. The offer is intended to allow the exit from the
Notes of noteholders who are concerned that the demerger may give rise to an
event of default. GUS intends to fund any repayment by means of the bank
facility which it has put in place for that purpose.


Enquiries

GUS
David Tyler         Group Finance Director         020 7495 0070
Antony Barnes       Group Treasurer

Finsbury
Rollo Head                                         020 7251 3801




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