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               22 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       1,742,232    3.31%        136,447     0.26%
securities
(2) Derivatives      136,447    0.26%        293,853     0.56%
(other than
options)
(3) Options and            0    0.00%              0     0.00%
agreements to
purchase/sell

Total              1,878,679    3.57%        430,300     0.82%


(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              818                7.9434
Purchase            7,858                7.8676
Purchase            7,000                7.9908
Purchase              200                7.9558
Purchase            1,900                8.0070
Purchase            2,838                8.0497
Purchase            2,200                8.0075
Purchase              900                8.0600
Purchase              700                7.9460
Purchase            2,677                7.9567
Sale                3,300                7.7331
Sale                1,525                7.9946
Sale                  700                7.9688
Sale                5,700                7.9525
Sale                5,200                7.9640


(b)  Derivatives transactions (other than options)
Product name    Long/Short       Number of      Price per unit
                                 Securities
CFD               Short             7858             7.8676
CFD               Short              818             7.9434
CFD               Short              700             7.946
CFD               Short              200             7.9558
CFD               Short             2677             7.9567
CFD               Short             7000             7.9907
CFD               Short             1900             8.0069
CFD               Short             2200             8.0075
CFD               Short             2838             8.0496
CFD               Short              900             8.06
CFD               Long              3300             7.733
CFD               Long              5700             7.9525
CFD               Long              5200             7.964
CFD               Long               700             7.9688
CFD               Long              1525             7.9946

(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                         23 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