Company Profile For Home Retail Group plc

Home Retail Group plc is engaged in home and general merchandise retailing. The Company is organized into three main business segments: Argos, Homebase and Financial Services together with Central Activities. The Company’s product markets include housewares, furniture, home improvement (do it yourself (DIY)/fitted kitchens/bathrooms), horticulture, garden furniture and outdoor living. Its general merchandise includes small domestic appliances, consumer electronics, large domestic appliances, toys, jewellery and, sports and leisure equipment. The Company’s subsidiaries include Home Retail Group (UK) Limited, Argos Limited, Argos Distributors (Ireland) Limited, Homebase Limited, Homebase House and Garden Centre Limited, Hampden Group Limited, Home Retail Group Card Services Limited, ARG Personal Loans Limited, Argos Business Solutions Limited, Home Retail Group Insurance Services Limited and Home Retail Group (Hong Kong) Limited.

BRIEF: For the twenty six weeks ended 29 August 2009, Home Retail Group Plc's revenues increased 3% to £2.8B. Net income totaled £77.7M vs. a loss of £446.8M. Revenues reflect higher Homebase business segment. Net income reflects presence of operating profit vs. a loss, absence of exceptional items due to absence of expenses on goodwill impairment, store impairment charges and restructuring charges a decrease in loss in share of joint venture.