Rule 8.3 - KENSINGTON GROUP

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              KENSINGTON GROUP
Class of relevant security    ORD GBP0.10
to which the dealings being
disclosed relate (Note 2)
Date of dealing               13 March 2007



2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

  (a)  Interests and short positions (following dealing) in the class of relevant
       security dealt in (Note 3)

                           Long                     Short

                     Number       (%)         Number       (%)

(1) Relevant       1,644,817    3.13%        147,534     0.28%
securities
(2) Derivatives      147,534    0.28%        207,442     0.39%
(other than
options)
(3) Options and            0    0.00%              0     0.00%
agreements to
purchase/sell

Total              1,792,351    3.41%        354,976     0.67%


(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:

                  Number              (%)   Number              (%)

(1) Relevant
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total


(c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)


(a)  Purchases and sales
Purchase/sale Number of Securities Price per unit (GBP)
Purchase      3,189                7.9226
Purchase      4,712                8.1160
Purchase      1,861                7.8700
Purchase      2,725                8.0770
Purchase      20,210               7.8813
Purchase      2,911                8.2092
Purchase      5,616                7.9693
Purchase      130                  7.9266
Purchase      9,500                7.8824
Sale          1,018                8.0921
Sale          4,448                8.0037
Sale          3,607                7.8856
Sale          9,226                8.1638
Sale          718                  8.1114
Sale          7,511                7.9447
Sale          5,433                7.9274
Sale          7,762                8.1026


(b)  Derivatives transactions (other than options)
Product name    Long/Short       Number of      Price per unit
                                 Securities
CFD             Short            1861           7.87
CFD             Short            20210          7.8813
CFD             Short            9500           7.8824
CFD             Short            3189           7.9226
CFD             Short            130            7.9266
CFD             Short            5616           7.9692
CFD             Short            2725           8.0769
CFD             Short            4712           8.116
CFD             Short            2911           8.2091
CFD             Long             3607           7.8855
CFD             Long             5433           7.9274
CFD             Long             7511           7.9447
CFD             Long             4448           8.0036
CFD             Long             1018           8.0921
CFD             Long             7762           8.1026
CFD             Long             718            8.1113
CFD             Long             9226           8.1637


(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry   Option money
e.g. call       selling,          securities to      price     American,       date     paid/received
option          purchasing,       which the option             European etc.            per unit (GBP)
                varying etc.      relates (GBP)

(ii) Exercising

Product name, e.g.  Number of           Exercise price per
call option         securities          unit (Note 5)




(d)  Other dealings (including new securities) (Note 4)


Nature of transaction Details           Price per unit
(Note 8)                                (if applicable)
                                        (Note 5)



4.   OTHER INFORMATION
None

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.



Is a Supplemental Form 8 attached? (Note 9)                 NO


Date of disclosure                         14 March 2007
Contact name                               BARCLAYS COMPLIANCE
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk