Enactment of “AEON Supplier Code of Conduct”

Dear Business Partners,

Coincident with changing our corporate name to AEON Co. Ltd. (formerly Jusco Co. Ltd) on August 21, 2001, we renamed AEON Group as AEON. Ever since, our entire group is aimed at embodying AEON’s unchanged corporate philosophy of "Customer satisfaction, as the leading principle of our emphasis on the ‘pursuit of peace’, a deep ‘respect for human dignity’, and the ‘contribution to local community'". We have since endeavored to achieve all of these by paying special attention to the daily implementation of an “ethical behavior”.

We believe that we have to be “truthful” to all the people related to AEON both, by fulfilling ethical behavior as well as complying with laws and regulations. Moreover, we believe that our continuous challenge, as a 21st Century retailing pioneer, will contribute to the whole society by bringing innovation and improving life standards. If we were faced to make a choice between maintaining the current situation and venturing to innovation, we would certainly choose innovation without hesitation.

In this regard, we are pleased to announce the enactment of “AEON Supplier Code of Conduct” (CoC), our standards for suppliers. This CoC is original to AEON and covers 13 areas including the prohibition of child labor and forced labor, assurance of appropriate working hours and fair compensation, prevention of environmental pollution, ban on exchanging gifts, and etc. All suppliers of AEON are required to follow these standards. As globalization of corporate production activities gains pace, actions such as abusing employees’ human rights or ignoring environmental protection should not be permitted. AEON, together with its suppliers, will commit not only to the improvement of product quality, but also to conform to ethical standards of business in the overall process of production, and to comply with the legal requirements regarding the working environment.

AEON will face all the necessary changes with courage to ensure “a future of limitless promise”, and to keep innovating to better respond to our customer expectations and trust. We highly appreciate your understanding and continued cooperation.

May 2003

Motoya Okada
President
AEON Co., Ltd