Disposal

Marks & Spencer PLC
2 November 2001


MARKS & SPENCER ANNOUNCES SALE OF ITS BUSINESS IN SPAIN

Marks & Spencer announced today an agreement on the sale of its business in 
Spain to El Corte Ingles, S.A. This agreement includes all nine Marks & Spencer 
stores in Spain.

Employees currently working for Marks & Spencer in Spain will all be offered 
continuity of employment. The Spanish competition authorities have been notified
of this proposed transaction.

Subject to consultation, Marks & Spencer will cease its commercial activities in
Spain on 15th December 2001.

David Norgrove, Marks & Spencer International Director, said:

'We are pleased that we have reached an agreement with El Corte Ingles to 
acquire our stores in Spain and to offer jobs to our employees, which has been a
priority objective.'

For further information, please contact:
Sue Sadler, Marks & Spencer Corporate Press Office         020 7268 8642