JUSCO STORES<00984> - Exceptional Price & Turnover Movements

The Stock Exchange has received a message from Jusco Stores (Hong Kong) 
Co. Limited which is reproduced as follows:-

"This statement is made at the request of The Stock Exchange.

We have noted the recent increases in the price and trading volume of the  
shares of the Company and wish to state that we are not aware of any 
reasons for such increases save for the final results for the year ended 
28 February, 2003 and the proposed change of company name and amendments 
to the Memorandum and Articles of Association as announced by the Company 
on 16 May, 2003.

We also confirm that there are no negotiations or agreements relating to 
intended acquisitions or realizations which are discloseable under 
paragraph 3 of the Listing Agreement, neither is the Board aware of 
any matter discloseable under the general obligation imposed by paragraph 
2 of the Listing Agreement, which is or may be of a price-sensitive 
nature.

The Board of the directors (except for Mr. Toshiji Tokiwa, Mr. Motoya 
Okada and Mr. Akihito Tanaka who are not in Hong Kong) individually and 
jointly accept responsibility for the accuracy of the above statement.


For and on behalf of 
the Board of the Company

Heng Kwoo Seng
Company Secretary

19th May 2003"