All relevant boxes should be completed in block capital letters.
| 1. Name of company |
Marks and Spencer Group plc |
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| 2. Name of shareholder having a major interest |
UBS Investment Bank (“UBS-IB”) |
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| 3. Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 |
In respect of 2 above |
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| 4. Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them |
UBS AG London Branch UBS Global asset Management Limited
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| 5. Number of shares/amount of stock acquired |
N/A |
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| 6. Percentage of issued class |
N/A |
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| 7. Number of shares/amount of stock disposed |
N/A |
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| 8. Percentage of issued class |
N/A |
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| 9. Class of security |
Ordinary Shares of 25p each |
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| 10. Date of transaction |
Not informed |
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| 11. Date company informed |
28 October 2004 |
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| 12. Total holding following this notification |
156,421,158 |
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| 13. Total percentage holding of issued class following this notification |
9.51% |
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| 14. Any additional information |
Notification of percentage is based on the number of ordinary shares in issue following cancellation of the shares repurchased under the Tender Offer, which is expected to be 1,645,373,759 (assuming no exercise of employee share options) on Thursday 28 October 2004. Notification in respect of section 198 Companies Act 1985. None of the shares are shares in which UBS IB is interested by virtue of section 208(5) of the Companies Act. |
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| 15. Name of contact and telephone number for queries |
Carolyn Trousdale 020 7268 8299 |
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| 16. Name and signature of authorised company official responsible for making this notification |
Carolyn Trousdale – Group Secretariat |
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| 17. Date of notification |
27 October 2004 |
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