Holding in Company

Kingfisher PLC
8 January 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     KINGFISHER PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     M&G INVESTMENT MANAGEMENT LIMITED

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     M&G INVESTMENT MANAGEMENT LIMITED AND CERTAIN OF ITS SUBSIDIARY
     COMPANIES

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     M&G (LOMBARD ST) NOMS FPM                        94,861
     M&G (LOMBARD ST) NOMS G                         129,290
     MAGIM HSBC GIS NOM (UK) SALI                    140,628
     MAGIM HSBC GIS NOM (UK) HBNL AC                     954
     PACS GLOBAL EQUITIES (UK)                         5,640
     PRUCLT HSBC GIS NOM (UK) PAC AC              51,855,945
     PRUCLT HSBC GIS NOM (UK) PPL AC                 634,486
     PRUDENTIAL WORLD VALUE FUND                      53,840
     RBSTB NOMINEES LIMITED                           16,171

5)   Number of shares/amount of stock acquired.

     N/A

6)   (N/A%) of issued Class

7)   Number of shares/amount of stock disposed

     N/A

8)   (N/A%) of issued Class

9)   Class of security

     12.5 PENCE ORDINARY

10)  Date of transaction

     31 DECEMBER 2000

11)  Date company informed

     5 JANUARY 2001

12)  Total holding following this notification

     52,661,815
               
13)  Total percentage holding of issued class following this notification

     3.77%

14)  Any additional information

     WITH EFFECT FROM CLOSE OF BUSINESS ON 31 DECEMBER 2000, THE REGULATED
     BUSINESS OF M&G INVESTMENT MANAGEMENT LTD WAS TRANSFERRED TO PRUDENTIAL
     PORTFOLIO MANAGERS LTD, WHICH WAS RENAMED AS M&G INVESTMENT MANAGEMENT 
     LTD ON 2 JANUARY 2001.

     THIS ANNOUNCEMENT IS BEING MADE IN RESPECT OF THESE CHANGES AND 
     SUPERCEDES THE LAST ANNOUNCEMENT MADE IN RESPECT OF THE MAJOR INTEREST
     NOTIFIED IN RESPECT OF PRUDENTIAL CORPORATION ON 21 OCTOBER 1998 OF
     3.93%.

15)  Name of contact and telephone number for queries

     TRINA HILL          020 7725 5760

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ....8 JANUARY 2001..........................