Resignation of Director

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PARKSON RETAIL GROUP LIMITED

百盛商業集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 3368) Change of Principal Place of Business in Hong Kong

The board of directors (the "Board") of Parkson Retail Group Limited (the "Company") hereby announces that the principal place of business of the Company in Hong Kong has changed to Room 609, 6th floor, Harcourt House, 39 Gloucester Road, Wanchai, Hong Kong with effect from 15 April 2015.

By Order of the Board

PARKSON RETAIL GROUP LIMITED

Tan Sri Cheng Heng Jem

Executive Director & Chairman

15 April 2015

As at the date of this announcement, the Executive Directors of the Company are Tan Sri Cheng Heng Jem and Mr. Chong Sui Hiong, the Non-executive Directors are Datuk Lee Kok Leong and Dato' Dr. Hou Kok Chung and the Independent Non-executive Directors are Mr. Ko Tak Fai, Desmond, Mr. Yau Ming Kim, Robert and Dato' Fu Ah Kiow.

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