RNS Number:4830K
European Home Retail plc
13 October 2006




For Immediate Release                                           13 October 2006


                            European Home Retail plc


     Appointment of an Administrative Receiver to European Home Retail plc



The Board of European Home Retail plc ("the Company") announces that following
detailed discussions with its bankers it has become necessary for its Farepak
Food & Gifts Limited ("Farepak") subsidiary to appoint an Administrator, which
has led in turn to the appointment of an Administrative Receiver to the Company.


Since suspension of the Company's shares on 23 August 2006 the Board has
proposed several funding proposals to the Company's bankers to ensure the
ongoing trading of all European Home Retail's businesses.


The final proposal, which was rejected by the Bank, involved the continuation of
existing facilities reduced by the sale proceeds of certain assets, the sale of
Farepak and the provision of loan finance from various parties.


The Directors do not anticipate that there will be a return of value to
shareholders.



For further information please contact:

Suzanne Brocks
Buchanan Communications 0207 466 5000




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

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