JUSCO STORES<0984> - Exceptional Price Movement

The Stock Exchange has received a message from Jusco Stores (Hong Kong) 
Company Limited which is reproduced as follows:-

"This statement is made at the request of The Stock Exchange of Hong Kong 
Limited.

We have noted the recent increases in the price of the shares of the 
Company and wish to state that we are not aware of any reasons for such 
increase.

We also confirm that there are no negotiations or agreements relating to 
intended acquisitions or realizations which are discloseable under 
paragraph 3 of the Listing Agreement, neither is the Board aware of any 
matter discloseable under the general obligation imposed by paragraph 2 of 
the Listing Agreement, which is or may be of a price-sensitive nature.

The Board of directors (except for Mr. Takuya Okada, Mr. Eiji Akiyama, Mr. 
Motoya Okada and Mr. Akihito Tanaka who are now not in Hong Kong) 
individually and jointly accept responsibility for the accuracy of the 
above statement.

For and on behalf of
the Board of the Company
Heng Kwoo Seng
Company Secretary

Hong Kong, 17th April, 1999"