Notes to the Financial Statements

For the short period 1 April 2006 to 3 March 2007

13. DIVIDENDS

	2007 pence	2007 £m	2006 pence	2006 £m
Amounts recognised as distributions to equity holders
Interim	4.0	34.6	–	–
Ordinary dividends on equity shares	4.0	34.6	–	–
Proposed final dividend for the short period to 3 March 2007	9.0	78.3

The proposed final dividend was approved by the Board of Directors on 24 April 2007 and is subject to approval by the shareholders at the Annual General Meeting. The proposed dividend has not been included as a liability at 3 March 2007 in accordance with IAS 10 ‘Events after the balance sheet date’. It will be paid on 25 July 2007 to shareholders who are on the register of members at close of business on 23 May 2007

In August 2006, £62.0m was paid to GUS plc as Home Retail Group’s share of the GUS plc final dividend in respect of the year ended 31 March 2006.

The Home Retail Group Employee Share Ownership Trust (ESOT) has waived its entitlement to dividends in the amount of £0.7m.