Exchange Rate Notification

Exchange rate to be used for the redenomination of Kesa Electricals ordinary shares

Kesa Electricals plc today announces that the Exchange Rate to be used for the redenomination of its share capital to Euro's for the purposes of Resolution 13 due to be considered at the forthcoming AGM to be held on Thursday 16 September is £/€ 1.2047 *

On the basis of this exchange rate, if Resolution 13 becomes effective, Kesa's issued share capital will be €158,865,964.80, comprised of 529,553,216 shares of €0.30 each

The anticipated date on which the redenomination is to become effective and trading is to commence in the Euro Shares is 17th September 2010.

Ends

*The conversion rate is based on the arithmetic average of reference rates for the relevant currency pair which appeared on the Thomson-Reuters EURGBP=R screen as at 4.00 p.m. (London Time) on each day from Monday 6th September 2010 to Friday 10th September 2010, inclusive.

Enquiries

Press:

Kesa Electricals plc

Annabel Donaldson UK +44 (0) 20 7269 1400

Charles Watenphul +44 (0) 20 7251 3801