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               26 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       1,789,635    3.40%        154,290     0.29%
securities
(2) Derivatives      154,290    0.29%        361,529     0.69%
(other than
options)
(3) Options and            0    0.00%              0     0.00%
agreements to
purchase/sell

Total              1,943,925    3.70%        515,819     0.98%


(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      4,000                6.8810
Purchase      100                  6.6257
Purchase      18                   6.8211
Purchase      3,559                6.8926
Purchase      7,600                6.7643
Purchase      5,000                6.8292
Purchase      12,410               6.8231
Purchase      1,548                6.8294
Purchase      8,268                6.7978
Purchase      6,146                6.7743
Purchase      15,500               6.6895
Purchase      6,300                6.7458
Purchase      760                  6.8414
Purchase      31,500               6.8270
Sale          6,760                6.7676
Sale          800                  6.3144
Sale          2,355                6.9432
Sale          32,700               6.8200
Sale          801                  6.8494
Sale          2,268                6.8065
Sale          3,836                6.7956
Sale          3,356                6.9797
Sale          1,440                6.8400

(b)  Derivatives transactions (other than options)
Product name    Long/Short       Number of      Price per unit
                                 Securities
CFD             Short            100            6.6257
CFD             Short            15500          6.6894
CFD             Short            6300           6.7458
CFD             Short            7600           6.7642
CFD             Short            6146           6.7743
CFD             Short            8268           6.7977
CFD             Short            18             6.8211
CFD             Short            12410          6.823
CFD             Short            31500          6.8269
CFD             Short            5000           6.8291
CFD             Short            154            6.8293
CFD             Short            760            6.8413
CFD             Short            4000           6.881
CFD             Short            3559           6.8925
CFD             Long             800            6.3143
CFD             Long             6760           6.7675
CFD             Long             3836           6.7956
CFD             Long             2268           6.8065
CFD             Long             32700          6.8199
CFD             Long             801            6.8493
CFD             Long             2355           6.9432
CFD             Long             3356           6.9797


(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                         27 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