Kings Super Markets, Inc.

Marks & Spencer Group PLC 14 August 2003 Issued: Thursday, 14 August 2003 MARKS & SPENCER ANNOUNCES IT HAS CEASED DISCUSSIONS TO SELL KINGS SUPER MARKETS, INC. Marks and Spencer Group p.l.c. today announces that it is no longer in discussions to sell Kings Super Markets, its North American supermarket business. Roger Holmes, Chief Executive of Marks & Spencer commented: 'In the current US climate it has not been possible for interested parties to raise sufficient funds to purchase Kings at what we perceive to be a fair price. Although Kings is not central to our strategy, we believe that maximising shareholder value will be achieved by working with the senior management team to develop the business and drive financial performance.' For further information, please contact: Corporate PR Lisa Attenborough / Bella Pagdin 020 7268 6166/1967 Investor Relations Sarah McGlyne 020 7268 1563 This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings