FROM SUPERCENTER TO SUPERCENTRE In July 2000, ASDA opened the first ASDA/Wal-Mart Supercentre in Patchway, Bristol, which instantly changed the face of U.K. retailing. With the addition  of Supercentres in Havant  in late October and Minworth in November, the format  has become an exciting growth vehicle for our  U.K. operations.  Traditionally, ASDA has been  a food-oriented retailer, choosing to devote approximately 80 to 85 percent of available retail square footage to food merchandising. Currently, each ASDA/Wal-Mart Supercentre dedicates approximately 60 percent of its space for grocery items compared to the typical Supercenter in the United States which only has 30 percent allotted for groceries. Supercentres offer Britons over 40,000 products ranging from local Avon and Somerset cheeses and breads to sporting goods and optical services. Among other things, each store features fresh produce, a deli with more than 200 products including specialty meats, and ready-to- eat meals. The Supercentres also include an electronics department and a photo center. Among many other offerings found at ASDA/ Wal-Mart Supercentres are a large number of global brands  and products.  According to Wal-Mart International President & CEO, John B. Menzer, “ASDA has proven to be a good fit for Wal-Mart. The cultures of both companies mesh well and the Supercentres have been embraced by Customers who want the widest range of products at the best value with the friendliest service.” Wal-Mart is committed to continued growth in the  U.K. The Company plans  to open three Supercentres  in fiscal 2002. “This is an exciting time for ASDA in the United Kingdom and we are particularly excited about the strong consumer acceptance of  our new ASDA/Wal-Mart Supercentres,” Menzer said. 2001, Wal-Mart is now Canada’s largest retailer. Canadian Wal-Mart Stores have also become leaders  in terms of generating new r etailing concepts and merchandising techniques, which have been adopted both in the U.S. and abr oad. Wal-Mart began operations in the world’s most populous nation in 1996, opening a Wal-Mart Supercenter and a SAM’S CLUB. China is an ideal example of how Wal-Mart synthesizes practices to adapt to the communities it serves. Wal-Mart modified its shopping bags to fit the needs of Chinese Customers who usually shop daily for products and often arrive on a motorcycle or bicycle. During fiscal 2001, W al-Mar t opened a new underground store in Dalian beneath a new soccer stadium. The subterranean format was chosen to accommodate local needs and to address citizens’ aesthetic concerns.  With the world’s 11th largest economy and a population of  47 million, South Korea holds a wealth of opportunity to introduce Customers to the Wal-Mart retailing practices of Every Day Low Prices, great value and outstanding customer service. Wal-Mart entered this new market with a Supercenter in Taegu and now has six units.  The Taegu Supercenter features three floors of merchandise – two below ground and one above – and six floors of parking above the store. The Company plans to increase  Wal-Mart’s presence in the country during the current fiscal year.  10 MART an WA ced percentre CHINA  SOUTH KOREA 