In response to recent speculation, the Board of Marks and Spencer Group plc (“Marks
and Spencer”) confirms that it has been considering its position in relation to a possible
combination with Sainsbury. Further to this, the Board has decided that it does not
intend to make an offer for Sainsbury at this time.

For the purposes of Rule 2.8 and other relevant provisions of The City Code on
Takeovers and Mergers ("City Code"), Marks and Spencer reserves the right to
announce an offer or possible offer or make or participate in an offer or possible offer
for Sainsbury and/or take any other action which would otherwise be restricted under
Rule 2.8 of the City Code within the next six months, in the event that:

(i) an agreement or recommendation from the board of Sainsbury is forthcoming; or
(ii) there is an announcement by CVC, KKR and Blackstone of a firm intention to make
an offer or there is an announcement by any other third party of a possible offer or a
firm intention to make an offer for Sainsbury or Sainsbury announces that it has
received an approach in relation to a possible offer from any other third party; or
(iii) Sainsbury announces a "whitewash" proposal for the purposes of Rule 9 of the City
Code or a reverse takeover; or
(iv) there is a material change in circumstances.

Contacts:

Investor Relations:
Amanda Mellor +44 (0)20 8718 3604; +44 (0)7747461241
Madja Rainer +44 (0)20 8718 1563

Corporate Press Office:
Bella Vuillermoz: +44 (0)20 8718 1967; +44 (0)7919 057566
Olivia Ross: +44 (0)20 8718 1618; +44 (0)7795 968641
Press Office: +44 (0)20 8718 1919
Out of Hours: +44 (0)20 8718 2000
Kirstie Hamilton, Tulchan: +44 (0)7770 536 202

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