Disposal

Kingfisher PLC
8 January 2001


PRESS RELEASE

                                                 08 January 2001


               Kingfisher plc Sells Libertysurf Stake to Tiscali

Kingfisher plc, through its Dutch subsidiary Eijsvogel, today announces that it
has entered into an agreement with Tiscali, the European Internet Service
Provider, to sell its entire shareholding in Libertysurf for a total
consideration of £149 million.

The agreement provides Kingfisher and Euro@web, which both have similar
shareholdings, with 0.365 Tiscali shares for each Libertysurf share owned,
along with 2.13 Euros* per share, representing a cash amount of Euro 71 million
( £45 million) each. Other minority shareholders will receive identical terms
from Tiscali via a public offer as soon as practicable.

The 12.2 million shares retained by Kingfisher in Tiscali represent
approximately 3.5% shareholding worth Euro 166 million (£104 million) at the
close of business on 5/1/01. Kingfisher will be restricted to an agreed
schedule in selling its Tiscali shares in three equal instalments as follows:

Tranche 1 - July - September
Tranche 2 - September - December
Tranche 3 -December onwards

Within the terms of the agreement, a maximum of 200,000 shares may be sold each
by Kingfisher and Euro@web on any single trading day.

Kingfisher has reported an exceptional profit of £120 million at the time of
the interims (September 2000), arising from the flotation of Libertysurf on the
Paris Bourse. Today's announcement is expected to give rise to a small
exceptional profit which will be included in the 2001/02 results, the deal
being scheduled to close in March 2001.

Commenting on the transaction, Group Chief Executive Sir Geoffrey Mulcahy said:
' Libertysurf has been a successful e-commerce venture for Kingfisher. Much of
the success of Libertysurf is due to the impetus provided by the distribution
of free membership disks through our network of stores. With the European ISP
market now consolidating, today's deal enables us to realise this value created
for our shareholders. Looking forward, we will focus our e-commerce activities
on complementing and enhancing our existing offer to our customers.'

* (£1=Euro 1.5791)

For further information:

Media Enquiries
John Eyre                                      [phone]
Gail Lavielle                                  [phone]

Broker and Institutional Enquiries
Andrew Mills                                   [phone]
Ian Harding                                    [phone]
Graham Fairbank                                [phone]

Kingfisher plc                                 [phone]

Kingfisher Website                             www.kingfisher.co.uk