Pantaloons announces its ‘End-of-season-Sale’

Company Release, January 21

MUMBAI

PANTALOONS, the country’s leading lifestyle store, announced its ‘End-of-season-Sale’ for its consumers to purchase lifestyle products at attractive e prices across all cities in India. The shopping extravaganza promises discounts up to 50% on all the major categories like Men’s formal wear, Men’s casual wear, Sportswear, Women’s ethnic wear, Women’s western wear, Kids wear, Infant wear and Accessories.

The sale is on at all the Pantaloon stores, i.e., at Phoenix Mill, Lower Parel; Center 1, Vashi; R Mall, Mulund; and Sri Vallabhai Shopping Center, Boriwali.

The sale at Pantaloons stores has something for everyone. The Pantaloons End-of-season-Sale offers genuine discounts on all large categories like apparel and accessories for all kinds of customers. Also it offers products on discounts for all age groups including kids and infants.

Commenting on the above initiative, Mr. Sanjeev Agrawal, President - Marketing, Pantaloon Retail (India) Limited said, “At Pantaloons the consumer’s shopping experience has always been a priority. We have continuously tried to make the shopper feel delighted, thus adding excitement through our various promotions. What is also unique about this sale is that it offers genuine discounts on all large categories like apparel and accessories for all kinds of customers. There are discounts for all age groups. The End-of-season-Sale at Pantaloons is another opportunity for consumers to buy premium products at very attractive prices.”

Pantaloon Retail (India) Limited re-launched ‘Pantaloons’ with a new identity in October 2005 with a ‘fresh fashion’ theme where the stores now have a completely new look and feel which is more young and radical. Today the Pantaloons stores are much younger, trendier and have a fresh fashion look and feel in terms of its merchandise, communication and store layout.

The Pantaloons End-of-season-Sale is on at all the Pantaloons Stores starting Friday, 20th January 2006.

About Pantaloon Retail (India) Ltd

Pantaloon Retail (India) Limited is a leading retailer with a turnover of Rs. 1088 crores for the financial year ending June 2005. The company is headquartered in Mumbai and has a presence in Lifestyle Retailing through 18 Pantaloons Stores, 3 Central Malls in Bangalore, Hyderabad and Pune. In Value Retailing it is present through 24 Big Bazaar hypermarkets, 38 Food Bazaars and 2 Fashion Stations. PRIL has a national presence with 2.6 million square feet of retail space across 24 cities.

For further information please contact:

Integrated Brand-Comm

Biswadeep Gupta / Kanchan Singh/Tamanna Khanna

Tel: 022 55020056/57

M: 9820371385/9322251221

Email:biswadeep@brand-comm.com/kanchan@brand-comm.com/tamanna@brand-comm.com