1st Quarter Results

Kingfisher PLC
24 May 2006

EMBARGOED UNTIL 0700 HOURS
Wednesday 24 May 2006

                                 Kingfisher plc
           First quarter results for the 13 weeks ended 29 April 2006

Group Financial Summary

                                   Retail Sales (1)        % Total        % LFL        Retail Profit (2)        % Total
                               2006/07      2005/06         Change       Change    2006/07     2005/06           Change
                                    £m           £m     (Reported)                      £m           £m      (Reported)

UK                               1,029        1,089          -5.5%        -6.8%         21.9        73.7         -70.3%
France(3)                          701          652           7.6%         1.7%         40.2        40.2              -
Rest of Europe (3)(4)              206          156          32.4%        10.2%         14.0        12.6          11.1%
Asia (5)                            84           44          90.7%        11.8%        (7.7)       (1.2)            n/a

Total                            2,020        1,941           4.1%        -2.0%         68.4       125.3         -45.4%

(1)     Joint Venture (JV) sales are not consolidated.

(2)     Retail profit is stated before central costs, exceptional items and
        share of joint venture and associate interest and tax.

(3)     2006/07 £1 =1.4525 euro: 2005/06 £1 = 1.4534 euro

(4)     Rest of Europe includes Castorama Poland, Castorama Italy, Brico Depot
        Spain, B&Q Ireland, Castorama Russia, Koctas JV in Turkey and Hornbach 
        in Germany and central Europe.

(5)     Asia includes B&Q China, B&Q Home South Korea and B&Q Taiwan JV.
     
•       UK and France sales impacted by cold weather and a late start to
        the spring season
•       B&Q's programme to improve service, choice, value and store environment 
        on track

•       Kingfisher again outperformed the French market

•       Rest of Europe performed strongly, first store in Russia now open

•       Asia sales boosted by last year's OBI acquisition and new store
        openings

•       Net debt at 29 April 2006 of £1,209 million (28 January 2006:
        £1,355 million)


Gerry Murphy, Group Chief Executive, said:

'Kingfisher's first quarter again featured solid international performances and
a very weak UK market.

'Kingfisher's international development continued with five new stores opened,
including the first store in Russia. In France, Kingfisher's twin-track strategy
is working well with Castorama and Brico Depot gaining ground in a fairly
sluggish market. Overall Kingfisher's international sales and profit growth,
before increased development costs, was strong.

'However, the UK home improvement market has continued to be very tough in 2006.
The first two months of the quarter were particularly weak as persistent cold
weather in Europe delayed the start of the key garden and outdoor season and a
major fire temporarily disrupted B&Q's kitchen deliveries.

'Overall, the UK market remains very promotional and weather sensitive and it is
not clear that stronger holiday sales represent an underlying recovery in
demand. However, B&Q made further progress with its programme to improve
customer service, product choice, value for money and store environment.'

UK (Total sales -5.5%, -6.8% LFL, Retail Profit -70.3%)

B&Q total sales fell 7.7% to £945.4 million (-8.8% LFL).  Sales of gardening and
outdoor products were significantly impacted by unusually cold weather in March.
A major fire at B&Q's kitchen distribution centre in February disrupted kitchen
sales and extended lead times for deliveries for much of the quarter (reducing
reported first quarter LFL sales by around 2%). Sales over the Easter and Bank
Holiday period were stronger, benefiting from targeted promotional activity,
improved weather and a recovery in kitchen orders.

Retail profit of £18.0 million (2005/06: £71.2 million) reflects the lower sales
and a three percentage point fall in gross margins. Around a third of the fall
reflects the remainder of the major stock clearance programme started last year.
The balance was mostly due to ongoing promotional activity and price reductions
yet to annualise against initiatives launched in the second half of 2005/06.
Underlying cost inflation, excluding store openings, was 4% before £12 million
savings in central office, stores and supply chain costs.

Progress continued with the action programme launched last year. 'Service
Squads' have now been extended to over 200 stores and the recently launched tile
range is performing well. Eight stores were converted to mini-Warehouses and one
Warehouse store was downsized. Significant progress was made on format
development with the opening of a new concept store in Luton, which has been
well-received by customers.

Screwfix Direct sales were up 26.0% to £81.5 million (+23.3% LFL) and retail
profit more than doubled to £5.4 million.  New ranges of bathroom suites and
showers and own-brand power tools performed well.  Six Trade Counters opened in
the quarter, taking the total to 13.  Early trading at the two new Trade Depot
branches is encouraging and a further three are planned to open in the balance
of the year. Development costs of £1.5 million arose in the quarter.

FRANCE (Total sales +7.6%, +1.7% LFL, Retail Profit flat)

Castorama sales grew by 3.5% to £395.8 million (+2.2% LFL). Sales of new ranges
of wooden flooring, kitchens and bathrooms were particularly strong but poor
spring weather held back sales of gardening and outdoor products. Two stores
were relocated and one new store opened. Three Castorama stores were closed
prior to their re-opening as Brico Depots in the summer.

Brico Depot sales grew 13.3% to £305.1 million (+1.0% LFL) against strong
comparatives (+10.9% LFL in 2005/06). Two new stores were opened and a larger
and more widely distributed annual catalogue was launched.

Overall, retail profit in France was flat at £40.2 million. Higher sales and
supply-side benefits were offset by £5 million higher costs of store
pre-opening, IT development and store transfers. Excluding these costs,
underlying retail profit was ahead 13%.

REST OF EUROPE (Total sales +32.4%, +10.2% LFL, Retail Profit +11.1%)

Castorama in Poland and Italy both delivered solid sales and retail profit
growth despite challenging local markets. Store expansion continued with three
stores opening in the quarter including Kingfisher's first Castorama store in
Russia.

Retail profit for the Rest of Europe was up 11.1% at £14 million after £2.1
million higher start-up costs in Spain and Russia.

ASIA (Total sales +90.7%, +11.8% LFL, Retail Loss £(7.7)m)

B&Q China sales growth was driven by new stores, the OBI China stores acquired
last year and LFL growth of 11.8%. One store opened, taking the total to 49. The
programme to integrate OBI China is almost complete with all 13 of the original
trading stores fully revamped at the end of April.

Retail losses in Asia of £7.7 million include £3 million from the OBI stores
acquired last year and £0.6 million additional development costs in South Korea.

SALES DATA

                                               Retail Sales                % Total           % Total           LFL
                                          2006/07         2005/06          Change        Change (constant     Change
                                            £m              £m           (Reported)         currency)
B&Q                                             945.4         1,024.6            (7.7)%             (7.7)%       (8.8)%
UK Trade (1)                                     83.8            64.7             29.5%              29.5%        23.3%
Total UK                                      1,029.2         1,089.3            (5.5)%             (5.5)%       (6.8)%
Castorama                                       395.8           382.3              3.5%               3.5%         2.2%
Brico Depot                                     305.1           269.3             13.3%              13.3%         1.0%
Total France                                    700.9           651.6              7.6%               7.5%         1.7%
Castorama Poland                                 96.6            75.5             27.9%              21.8%        14.1%
Castorama Italy                                  71.5            56.6             26.3%              26.3%         8.6%
Other Europe (2)                                 37.8            23.4             61.5%              61.5%         0.4%
Total Rest of Europe                            205.9           155.5             32.4%              29.3%        10.2%
B&Q China                                        82.0            44.1             85.9%              66.3%        11.8%
B&Q South Korea                                   2.1               -                 -                  -            -
Total Asia                                       84.1            44.1             90.7%              70.6%        11.8%
Total Group                                   2,020.1         1,940.5              4.1%               3.6%       (2.0)%



(1) includes Screwfix Direct and Trade Depot
(2) includes Brico Depot Spain, B&Q Ireland and Castorama Russia

STORE DATA

                                                                       Store numbers                      Selling space
                                                                                                           (000s sq.m.)

B&Q                                                                              322                              2,279
Screwfix Direct                                                                   13                                  1

Trade Depot                                                                        2                                  9
Total UK                                                                         337                              2,289
Castorama                                                                        100                                962
Brico Depot                                                                       75                                388
Total France                                                                     175                              1,350
Castorama Poland                                                                  30                                257
Castorama Italy                                                                   27                                171

Castorama Russia                                                                   1                                  9
Brico Depot Spain                                                                  7                                 33
B&Q Ireland                                                                        7                                 35
Koctas Turkey                                                                      8                                 46
Total Rest of Europe                                                              80                                551
B&Q China                                                                         49                                478
B&Q South Korea                                                                    1                                  7
B&Q Taiwan                                                                        21                                 97
Total Asia                                                                        71                                583
Total                                                                            663                              4,772

Kingfisher plc is Europe's leading home improvement retail group and the third
largest in the world, with over 660 stores in 11 countries in Europe and Asia.
Its main retail brands are B&Q, Castorama, Brico Depot and Screwfix Direct.
Kingfisher also has a 21% interest in, and strategic alliance with, Hornbach,
Germany's leading DIY Warehouse retailer, with over 120 stores in Germany and
neighbouring countries.

Enquiries:

Ian Harding, Group Communications Director                                           020 7644 1029
Nigel Cope, Head of Communications                                                   020 7644 1030

Heather Ward, Head of Investor Relations                                             020 7644 1032


Further copies of this announcement are available at www.kingfisher.com or by
application to: The Company Secretary, Kingfisher plc, 3 Sheldon Square, London,
W2 6PX.




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