Rule 8.3 - MATALAN PLC

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              MATALAN PLC
Class of relevant security    ORD GBP 0.10
to which the dealings being
disclosed relate (Note 2)
Date of dealing               11 October 2006

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      7,294,330     1.79%            891,955    0.22%
securities
(2) Derivatives   1,063,617     0.26%          5,953,150    1.46%
(other than
options)
(3) Options and           0     0.00%                  0    0.00%
agreements to
purchase/sell

Total             8,357,947     2.05%          6,845,105    1.68%


(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        4,400              1.8928
Purchase      114,456              1.9171
Purchase       12,709              1.8941
Purchase    1,000,000              1.9570
Purchase      500,000              1.9570
Purchase       21,600              1.9577
Purchase      401,235              1.9604
Purchase      343,000              1.9568
Purchase       20,191              1.8829
Purchase        5,377              1.9592
Sale          448,832              1.9505
Sale            8,544              1.9192
Sale           13,518              1.8650
Sale            2,700              1.9573

(b)  Derivatives transactions (other than options)

Product    Long/Short    Number of Securities  Price Per
name,      (Note 6)      (Note 7)              Unit (GBP)
e.g. CFD
CFD         Short         13880                1.8700
CFD         Short         20191                1.8828
CFD         Short          4400                1.8927
CFD         Short         12709                1.8940
CFD         Short        100576                1.9235
CFD         Short        343000                1.9568
CFD         Short         21600                1.9577
CFD         Short        401235                1.9603
CFD         Long           8544                1.9192
CFD         Long         448832                1.9504
CFD         Long           2700                1.9572


(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

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                         12 October 2006
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