Redemption of B Shares

Marks & Spencer Group PLC
25 March 2002


Marks and Spencer Group p.l.c. re Redemption of B Shares

By 6 pm on 22 March 2002, valid Forms of Election in respect of 2,454,183,798 B
Shares, representing 86.16 per cent of the B Shares in issue, had been received
and not revoked. These B Shares will be redeemed at 70 pence per B Share today,
25 March 2002. Monies due in respect of this redemption will be credited to
CREST accounts or despatched by cheque (as applicable) on 28 March 2002.

Following this redemption 394,203,429 B Shares will remain in issue. The next
redemption date will be 25 September 2002.


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