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14 January 2003

Director Shareholding

We have been informed today that the following directors have acquired shares under the Company's Dividend Reinvestment Plan on 10 January 2003 at a price of 334.21p per share.

Name Number of Shares acquired Total Holding following
this Notification
Laurel Powers-Freeling 74 9,641
Justin King 107 24,875
David Norgrove 203 38,757
Alison Clare Reed 744 84,082
Dame Stella Rimington 33 2,870

We have also been informed today that on 13 January 2003 Alison Clare Reed acquired 24 shares in a PEP at a price of 337.5p and registered in the name of Marks & Spencer Savings & Investments Limited. This brings her total holding to 84,106 shares.

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