M&S Café and Spend & Save vouchers have been distributed to shareholders who appeared on the Marks & Spencer share register on the dividend record date of Friday 14 November 2008.  We have also been able to include an additional 100,000 beneficial shareholders through the support of nominee companies and stock brokers.  

M&S still has one of the highest percentages of share capital held in individual ownership among major companies in the UK, and from listening to our shareholders we have again made changes to the shareholder voucher offer.  We have  

• added two 10% off vouchers (valid 23 to 26 January 2009);
• included two food vouchers; and
• made the clothing and home vouchers more flexible  

With the exception of the 10% off vouchers, the offers are valid from 1 February to 31 March 2009.  

Terms and conditions apply, and are on the back of each voucher.  Although we recognise that some shareholders may not be able to take advantage of all the offers within the specified timeframes, we are not able to provide an alternative, or extend the validation period.  This also applies if you receive the vouchers after an offer has expired.  

We welcome comments and suggestions as we continue to develop the offer. Please email chairman@marks-and-spencer.com