Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

AEON STORES (HONG KONG) CO., LIMITED

永旺(香港)百貨有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 984)

ANNOUNCEMENT PROFIT WARNING

This announcement is made by the Group pursuant to the provisions of inside information under Part
XIVA of the Securities and Future Ordinance and Rule 13.09(2) of the Listing Rules.
The Board wishes to inform the Shareholders and potential investors that, based on the preliminary assessment by the Group's management of the unaudited management accounts of the Group for the year ended 31 December 2013, the Group is expected to record a significant decrease in its net profit for the year ended 31 December 2013 as compared to the year ended 31 December 2012.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

This announcement is made by AEON Stores (Hong Kong) Co., Limited (the Company and together with its subsidiaries, the Group) pursuant to the provisions of inside information under Part XIVA of the Securities and Future Ordinance (Cap.571, Laws of Hong Kong) (the SFO) and Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules).
The Board of Directors of the Company (the Board) wishes to inform the shareholders of the Company (the Shareholders) and potential investors that, based on the preliminary assessment by the Group's management of the unaudited management accounts of the Group for the year ended 31
December 2013, the Group is expected to record a significant decrease in its net profit for the year ended 31 December 2013 as compared to the year ended 31 December 2012.
Based on the information currently available, the decrease in profit is mainly attributable to (i) decline of the Group's China business due to the continual slower growth of the economy in China; and (ii) an increase in impairment loss recognized in respect of the Group's property plant and equipment.

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As the Company is still in the process of finalizing the results of the Group for the year ended 31
December 2013, the information contained in this announcement is only based on a preliminary assessment by the Group's management of the unaudited management accounts of the Group and the information available for the time being, but not on any data or information which has been audited or reviewed by the auditors of the Company. The audited results of the Group for the year ended 31
December 2013 are expected to be announced by the Company in late March 2014.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board

AEON Stores (Hong Kong) Co., Limited CHAN Pui Man, Christine Managing Director

Hong Kong, 7 March 2013

As at the date of this announcement, the Executive Directors are Ms. Chan Pui Man, Christine, Mr. Junichi Suzuki, Ms. Chan Suk Jing and Mr. Chak Kam Yuen; the Non-executive Directors of the Company are Mr. Yoshinori Okuno, Mr. Haruyoshi Tsuji, Mr. Yutaka Agawa and Mr. Takashi Komatsu; and the Independent Non-executive Directors are Mr. Sham Sui Leung, Daniel, Ms. Cheng Yin Ching, Anna, Ms. Chan Yi Jen Candi Anna and Ms. Lo Mui Sheung, Betty.

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