GBP73m Prop. Sale/Leaseback

Kingfisher PLC
01 August 2007


1 August 2007


KINGFISHER AGREES £73m PROPERTY SALE AND LEASEBACK


Kingfisher plc has agreed to sell its freehold property interest in B&Q's new
81,000 square metre (875,000 sq.ft) national distribution centre in Worksop,
Nottinghamshire, to Mutual Finance Ltd for a total cash payment of £73 million.

The Worksop site, which was developed by B&Q, will be leased back at an open
market rent payable monthly in advance and subject to five yearly index-linked
reviews, with a cap. The lease allows B&Q significant operational flexibility.

The disposal gives rise to a pre-tax exceptional gain of around £40 million.
Kingfisher will use the proceeds to repay existing debt and invest in its
worldwide store opening programme.

Duncan Tatton-Brown, Group Finance Director, said: 'This is consistent with our
policy of recycling property when economically attractive, with the aim of
creating value for shareholders.'

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Enquiries:

Ian Harding, Group Communications Director                                           020 7644 1029
Nigel Cope, Head of Communications                                                   020 7644 1030
Sarah Gerrand, Head of Investor Relations                                            020 7644 1032


Kingfisher plc is Europe's leading home improvement retail group and the third
largest in the world, with 760 stores in 10 countries in Europe and Asia.  Its
main retail brands are B&Q, Castorama and Brico Depot.  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 eight other European
countries.








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