RNS Number:7410M
Coles Myer Ld
25 June 2003

Coles Myer Ltd.

ABN 11 004 089 936

800 Toorak Road, Tooronga, 3146

Telephone (03) 9829 3111

Facsimile (03) 9829 6787

Postal Address: PO Box 2000, Glen Iris, 3146

News Release


--------------------------------------------------------------------------------
25 June 2003


                        CML Board appoints new directors


Coles Myer Ltd Chairman Rick Allert today announced the appointment of four new
Board directors.


Mr Allert said that the appointments of Keith Barton, Tony Hodgson, Sandra
McPhee and Michael Wemms,* would take effect from July 22 2003.


"Our new directors possess strong strategic, financial, international retail and
consumer expertise, combined with extensive director and executive experience.


"We are delighted to welcome four highly qualified directors to the Board to
join us in working with senior management to continue the process of rebuilding
Coles Myer," he said.


Mr Allert said the appointments followed an extensive international search.


"Our key criteria for new directors was that they have the strategic, financial
and corporate governance skills and experience both to qualify them as directors
of a large and complex organization and to enable them to add value to the team
of retail leaders appointed by John Fletcher.


"We have recruited to the Board directors who bring skills and experience in
various areas integral to retailing, including consumer loyalty, supermarket,
fuel and convenience stores and supply chain management.


"Coles Myer has a strong and diverse Board, committed to working with an
outstanding retail leadership team to continue the progress we are making in
delivering our five-year strategy to restore shareholder value," Mr Allert said.




* Please see biographies attached.


More information:

Media:      Scott Whiffin           03 9829 5548

Analysts:   Scott Sampson           03 9829 3482


KEITH BARTON


Former Chief Executive Officer and Managing Director of James Hardie Ltd, Dr
Barton has extensive experience in corporate leadership and non-executive
director positions.


He served as Chief Executive Officer and Managing Director of James Hardie
Industries Ltd from 1993-1999 after holding a variety of executive positions at
CSR Ltd (1981-1993).


Dr Barton's current directorships include Tower Ltd; Citect Corporation Ltd and
Amcor Ltd. He is also a Council Member of the Royal Blind Society NSW.


Dr Barton's previous Board appointments include Goodman Fielder Ltd (Chairman),
F H Faulding Ltd, Keycorp Ltd and Colonial Ltd.


He is a Fellow of The Australian Academy of Technological Sciences and
Engineering.


TONY HODGSON


Mr Hodgson was a co-founder of the specialist chartered accounting firm, Ferrier
Hodgson, from which he retired in 2000 after 24 years. His role included the
evaluation and implementation of marketing and business strategies to achieve
major corporate restructures and turnarounds.


Mr Hodgson's current Board appointments include HSBC Bank Australia Ltd; Tabcorp
Holdings Ltd (Deputy Chairman) and Victoria Rugby Union (Chairman Advisory
Board). He also acts as a consultant to Ferrier Hodgson.


Mr Hodgson's previous directorships include Melbourne Port Corporation and
Victorian TAB (Chairman).


Mr Hodgson is a Fellow of the Institute of Chartered Accountants in Australia
and a Fellow of the Australian Institute of Company Directors.


SANDRA McPHEE


Ms McPhee, currently Group General Manager Alliances with QANTAS Airways Ltd,
has extensive executive leadership experience in sales, marketing and consumer
roles.


Ms McPhee held a variety of positions with Pan American Airways Ltd from
1976-1990 before serving as Chief Executive of the Traveland Retail Group from
1990-1993 and Director of Sales at Ansett Australia.


Ms McPhee joined QANTAS in 1994 where she has held the positions of Executive
General Manager Sales, Group General Manager UK/Europe/South East Asia and Group
General Manager Marketing. She assumed her current role in 2001.


Ms McPhee's Board appointments include Australia Post, Primelife Corporation
Limited, CARE Australia and St Vincents and Mater Health. She is a Fellow of the
Australian Institute of Company Directors and Council Member of Chief Executive
Women.


Ms McPhee's previous non executive positions include Deputy Chair South
Australia Water and director Tourism Council Australia.


MICHAEL WEMMS


Mr Wemms is a former director of Tesco plc and Chairman of the House of Fraser
plc, with extensive retail and Board experience in the United Kingdom.


Mr Wemms worked at Tesco from 1972-2000 in a range of positions, including
Managing Director Retail (1984-89), Personnel Director (1989-92) and Operations
Director (1992-2000). He was a director of Tesco plc from 1989-2000 and a
part-time adviser to the company from from 2001-03.


In his executive roles at Tesco, Mr Wemms lead cultural change and helped shape
convenience retailing in the UK through the establishment of the Express petrol
venture.


He has been a director of the UK department store, House of Fraser plc, since
1996 and Chairman since 2001.


Mr Wemms is a member of the MBA Advisory Board at Cranfield University and was a
Visiting Professor at Bristol University Business School.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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