Corporate Action

Marks & Spencer PLC
15 March 2002

CAPITAL REORGANISATION
SECURITY TITLE
*ADR
MNEMONIC CODE   *06IS
SEDOL CODE      *2-566-492
TERMS           *17 New Marks & Spencer Group ADRs for every 21 Marks & Spencer ADRs
                 currently held,
                 AND
                 'B' Shares which will be issued at the rate of 6 'B' Shares per ADR   
PROVISIONAL EX DATE *19-03-02
RECORD DATE     *18-03-02
NOTES *







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