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Dairy Farm Confirms Resumtion of Discussions With Foodland

30 April 2002

Hamilton, Bermuda: 30th April 2002 - Dairy Farm International Holdings Limited notes with interest the Privy Council decision to allow the appeal of Foodland Associated Limited's New Zealand supermarket operator, Progressive Enterprises Limited, against the decision of the New Zealand court of appeal, which prevented Progressive from acquiring Woolworths New

Zealand Limited.

Dairy Farm has been contacted by Foodland, and discussions are to take place regarding the

possible sale of Woolworths New Zealand. A further announcement will be made on the

outcome of the discussions.

Dairy Farm is a leading food and drugstore retailer in the Asia-Pacific Region. At 31st

December 2001, the Group and its associates operated some 2,200 outlets - principally

supermarkets, hypermarkets, convenience stores, drugstores and restaurants - employed some

58,800 people in the Region, and had 2001 total sales from ongoing operations of some

US$4.4 billion. Dairy Farm is a member of the Jardine Matheson Group.