Retail Holdings N.V. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the six months, the company reported consolidated revenue of $124.0 million compared to consolidated revenue of $155.0 million for the same period in 2008, a decrease of $31.0 million or 20.0%. Results from operating activities was a profit of $9.2 million as compared to a $14.6 million profit for the same period in 2008, a decrease of $5.4 million or 37.0%. The decline in results from operating activities is due to the decrease in revenue, mitigated by the increase in gross profit percentage and reduction in selling and administrative expenses. The company's profit before income tax was $1.5 million as compared to a $7.4 million profit before tax for the same period in 2008. The lower profit before tax primarily reflects the decline in revenue and resulting flow through in operating performance as compared with the same period prior year. The company's profit from continuing operations was $0.9 million as compared to a profit of $5.4 million for the same period in 2008. The basic and diluted earnings per share from continuing operations was $0.06 as compared to basic and diluted earnings per share from continuing operations of $0.46 and $0.45, respectively, for the six months ended June 30, 2008. The lower profit primarily reflects the lower operating performance as compared with the same period prior year. The company's profit for the period was $2.8 million as compared to a profit of $5.0 million for the same period in 2008. The lower profit from continuing operations during the first half of 2009 as compared with the same period prior year was offset, in part, by the gain on sale of the discontinued operation. The profit attributable to equity holders of the company was $0.8 million as compared to a profit of $2.2 million for the same period prior year. The profit attributable to equity holders of the company is equivalent to basic earnings and diluted earnings per share of $0.16 as compared to basic and diluted earnings per share of $0.41 for the six months ended June 30, 2008.

The Board of Directors of Retail Holdings N.V. recommended for Shareholder approval at the AGM a distribution of $0.20 per common share. Assuming that shareholders at the AGM accept the recommendation of the Board of Directors, the record date for the distribution, representing a repayment from paid-in surplus, will be August 27, 2009. The distribution will be paid on or about September 11, 2009.

Retail Holdings N.V. Board of Directors recommended for shareholder approval at the AGM a distribution of $0.20 per common share. Assuming that shareholders at the AGM accept the recommendation of the Board of Directors, the record date for the distribution, representing a repayment from paid-in surplus, will be August 27, 2009. The distribution will be paid on or about September 11, 2009.