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14 January 2004

Directors’ Dealings

Purchase of Shares

The Company has been informed today that Paul Myners has purchased today 20,000 Ordinary shares of 25p each at a price of 279p each.

Dividend Reinvestment Plan

The Company was informed on 12 January 2004 that the following directors would acquire Ordinary shares of 25p each at a price of 276.9p each under the Company's Dividend Reinvestment Plan in respect of a dividend paid on 9 January 2004:

Name No. of Shares Acquired
Maurice Helfgott 98
David Norgrove 1,084
Laurel Powers-Freeling 1,012
Vittorio Radice 161
Alison Reed 1,021
Dame Stella Rimington 47


PEPs

The Company was informed on 13 January 2004 that on 12 January 2004 Alison Reed acquired 33 Ordinary shares of 25p each at a price of 278p each under a PEP registered in the name of Marks & Spencer Savings and Investments Limited.


The Company was also informed on today that 12 January 2004 Maurice Helfgott acquired 2 Ordinary shares of 25p each at a price of 278p each under a PEP registered in the name of Marks & Spencer Savings and Investments Limited.

Save-as-you-earn Scheme

The Company has been informed today that the following directors have exercised options in the Company's Save-as-you-earn Scheme as follows:

Name Effective Date No. of Shares Acquired
Maurice Helfgott 2 January 2004 6,209
David Norgrove 22 January 2004 2,483



Directors' Holdings

Following the above notifications, the directors' holdings are confirmed as below:

Name Total Holding of Ordinary Shares Following Above Notifications
Maurice Helfgott 47,395
Paul Myners 50,000
David Norgrove 96,443
Laurel Powers-Freeling 68,681
Vittorio Radice 118,108
Alison Reed 144,857
Dame Stella Rimington 2,975

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