Sale of Michael House

Marks & Spencer Group PLC
03 February 2005





Issued: Thursday 3 February 2005

                      MARKS & SPENCER SELLS MICHAEL HOUSE

Marks & Spencer has announced today that it has exchanged contracts with London
& Regional Properties to sell its long leasehold property at Michael House,
37-67 Baker Street, W1 for a consideration of £115m, equating to its net book
value. The proceeds will be used for general corporate purposes. It is expected
that the sale will be completed within the next three months.

Marks & Spencer has been marketing the property since 30 September 2004 via
commercial agents, Jones Lang LaSalle.



For further information, please contact:
Sue Sadler         Corporate Press Office     020 8718 8642




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