Offer for Castorama minority

Kingfisher PLC
22 April 2003


22 April 2003

Not for release, distribution or publication in whole or part into or in the
United States, Canada, Australia, Ireland, Japan or South Africa.

Kingfisher makes offer for remaining Castorama minority interests

Kingfisher plc is today filing with the French market authorities (Conseil des
marches financiers and Commission des operations de bourse) a public offer
followed by a compulsory acquisition offer (offre publique de retrait suivie
d'un retrait obligatoire) (the 'Offer') for a maximum number of 612,312
outstanding shares in Castorama Dubois Investissements SCA ('Castorama')
(representing 0.34% of the total issued share capital of Castorama) which the
Kingfisher group does not own. The Offer is proposed to be made at a price of
euros 67 per Castorama share, being the price at which Kingfisher's cash offer
was made last year, representing a total consideration of approximately euros
41million, which is being funded by Kingfisher's existing banking facilities.

In accordance with applicable French regulations, the Offer price has been
certified as 'fair' by an independent expert and the terms of the Offer are
being reviewed by the French market authorities. The formal Offer for the
remaining minority interests in Castorama is expected to be made in May 2003
when an offer document will be made available to Castorama shareholders.
Following the Offer, Castorama shares will be delisted from the premier marche
of Euronext Paris.

This Offer and the publication of the offer document remain subject to the
approval of the French market authorities.

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