German DIY e-Commerce Investment

Kingfisher PLC 9 February 2000 Kingfisher plc announces German DIY e-commerce investment Kingfisher plc, the European retail group, announces the purchase of a 22.5% minority share in Virtueller Bau-Markt AG, the operator of heimwerker.de, the leading German DIY e-commerce firm. As Europe's largest DIY operator, Kingfisher is continuing to build its presence in continental Europe by store expansion and new channels of distribution to consumers. The investment, through Kingfisher's DIY subsidiary Castorama, will fund a significant marketing drive to further allow heimwerker.de to exploit its number one position in the German market. Virtueller Bau-Markt AG was formed in October 1998 and has nominal net assets. Notes to Editors : * Kingfisher expects to see sourcing and promotion opportunities across its DIY brands, particularly Castorama, B&Q and Screwfix. * Kingfisher's strategy is to invest in e-commerce opportunities outside its current brand activities, where it sees opportunities for value and learning. * It is expected that Virtueller Bau-Markt AG will go to IPO within the next 18 months should targeted plans be achieved. * Kingfisher and Castorama will be represented on the Virtueller Bau-Markt AG board. * Other shareholders in Virtueller Bau-Markt AG include Burda, one of Germany's leading media and publishing groups, and Peter Faisst, the founder. For further information Kingfisher plc + 44 (0) 171 724 7749 Web-site address www.kingfisher.co.uk Media Enquiries Gwen Gober, Director of Corporate Affairs + 44 (0) 20 7725 5714 Broker and Institutional Enquiries Keith Williams, Director of Investor Relations + 44 (0) 20 7725 5776 France Gail Lavielle, Shandwick France + 33 (1) 44 90 53 53

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Kingfisher (KGF)
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