Purchase of Own Securities

Sainsbury(J) PLC 23 July 2003 J Sainsbury plc - Purchase of own securities In accordance with chapter 15 of the Listing Rules notice is hereby given that at the Annual General Meeting held on 23 July 2003, the shareholders of J Sainsbury plc resolved that the Company be generally and unconditionally authorised to make market purchases (within the meaning of Section 163(3) of the Companies Act 1985) of Ordinary Shares of 25 pence each in the Company ('Ordinary Shares') upon or subject to the following conditions: (a) the maximum number of Ordinary Shares authorised to be purchased is 193,750,000; (b) the minimum price which may be paid for an Ordinary Share is 25 pence (being the nominal value of an Ordinary Share) exclusive of associated expenses; (c) the maximum price which may be paid for an Ordinary Share is an amount equal to 105 per cent of the average of the middle market quotations for an Ordinary Share derived from The London Stock Exchange Daily Official List for the five business days immediately preceding the day on which that Ordinary Share is contracted to be purchased (exclusive of associated expenses); and (d) the authority to purchase hereby conferred shall expire at the conclusion of the next Annual General Meeting of the Company after the passing of this Resolution or 15 months from the passing of this Resolution, whichever is the earlier, save that the Company may make a contract to purchase Ordinary Shares under this authority before the expiry of the authority which will or may be completed wholly or partly thereafter and a purchase of shares may be made in pursuance of any such contract. Further enquiries contact William Hamilton 020 7695 6379 This information is provided by RNS The company news service from the London Stock Exchange
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