Acquisition

Kingfisher PLC
7 July 2000

                                       
         Kingfisher acquires remaining 40 per cent stake in ProMarkt

Kingfisher plc is pleased to announce that on 19 June 2000 it acquired the
remaining 40% stake in its Germany electrical subsidiary, ProMarkt Holding
GmbH & Co. KG, that was previously owned by Michael and Matthias Wegert. The
net assets of ProMarkt at 31 December 1999 were £4,326,000.

On the same date, Kingfisher agreed to transfer to Presto einhunderteste
Vermoegensverwaltung GmbH (a company controlled by Michael and Matthias
Wegert) its 55% interest in Tangens GmbH, the German mobile phone service
provider.  The net assets of Tangens at 31 December 1999 were Euro 7.4
million.
                                    

For further information:

Media :   Gail Lavielle : [phone]
          Tony Knox/ Charlie Armitstead : 020 7831 3113 (Financial Dynamics)


Brokers/analysts :  Keith Williams :  020 7725 5724
                    Graham Fairbank : [phone]