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Acquisition of Boardmans

25 March 2004

Edgars Consolidated Stores Limited - Acquisition Of Boardmans

ECO Edgars Consolidated Stores Limited - Acquisition Of Boardmans Edgars Consolidated Stores Limited (Reg. No. 1946/022751/06) (Incorporated in the Republic of South Africa) Share Code : ECOISIN Code : ZAE000018388.

In a SENS announcement on 12 December 2003, Edcon advised that it had offered to purchase Boardmans, as a going concern from Pick `n Pay Retailers (Proprietary)Limited, subject to certain conditions precedent, including the approval of the Competition Authorities.On 24 March 2004 the Competition Tribunal granted final unconditional approval of Edcon's acquisition of Boardmans. Accordingly, as all conditions precedent have now been fulfilled, Boardmans will become a division of Edcon with effect from 1 April 2004.

By order of the board.

E A Bagley Group Secretary ,23 March 2004.


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