Further re Scheme

Marks & Spencer Group PLC
20 March 2002

Wednesday 20th March 2002

Marks and Spencer Group p.l.c. re: Reduction of Capital

At a hearing today, the High Court approved the Marks and Spencer Group p.l.c.
Reduction of Capital. The Reduction of Capital will become effective on 22 March
2002 when the nominal value of a Marks and Spencer Group p.l.c. ordinary share
will be reduced from 245 pence to 25 pence.

To qualify for the B Share redemption on 25 March 2002, holders of B Shares must
return their Forms of Election in respect of their Marks and Spencer Group
p.l.c. B Shares to Lloyds TSB Registrars by 6pm (or by 4.30pm for USE
instructions in CREST) on 22 March 2002.

A further announcement will be made in respect of the elections to redeem B
Shares in due course.




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