Issue of Debt

Marks & Spencer Group PLC
30 November 2007



Issued: 30 November 2007



                                   Bond Issue



On 29 November 2007, Marks and Spencer Group plc (the 'Group' or 'M&S')
successfully launched and priced a US$800 million dual tranche issue of notes
issued by Marks and Spencer plc (the 'Notes').



The 10-year Notes consist of $500 million aggregate principal amount paying
6.250 per cent interest maturing on 1 December 2017 and are priced at a re-offer
of 99.343 per cent. The 30-year Notes consist of $300 million aggregate
principal amount paying 7.125 per cent interest, maturing on 1 December 2037 and
are priced at a re-offer of 98.577 per cent. It is expected that the net
proceeds of the offering will be used to facilitate the funding, in part, of the
Group's market share buy-back programme announced at its interim results on 6
November 2007.



The offering is expected to close on 6 December 2007.



This new issue represents the Group's first US$ bond issue.  M&S has chosen to
issue in the US Dollar market in order to introduce US bond investors to the
Group and to diversify its investor base.  The Notes were sold to qualified
institutional buyers pursuant to Rule 144A of the US Securities Act of 1933, as
amended (the 'Securities Act'), and to non-US persons outside the United States
in reliance on Regulation S of the Securities Act.



The Offering Memorandum for the Notes has been approved by the UK Listing
Authority and is available to view at the registered office of Marks and Spencer
plc, (Waterside House, 35 North Wharf Road, London, W2 1NW, United Kingdom) and
the registered offices of the financial intermediaries and the paying agent
(details of which can be obtained from the FSA's website).



Please note that the information contained in the Offering Memorandum for the
Notes may be addressed to and/or targeted at persons who are residents of
particular countries only and is not intended for use and should not be relied
upon by any person outside these countries and/or to whom the offer contained in
the Offering Memorandum is not addressed. Prior to relying on the information
contained in the Offering Memorandum you must ascertain from the Offering
Memorandum whether or not you are part of the intended addressees of the
information contained therein.



The securities referred to in this document have not been, and will not be,
registered under the Securities Act, or under the securities legislation of any
state of the United States, and may not be offered or sold in the United States,
other than pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the Securities Act. The issuer of the Notes
does not presently intend to make a public offer of securities in the United
States or to register any securities under the Securities Act.



                                    - Ends -



For further information, please contact:



Corporate PR            Marks & Spencer      [phone]

Investor Relations      Marks & Spencer      [phone] / 
                                             [phone]




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