Offer Update

Kingfisher PLC
15 November 2002


FOR IMMEDIATE RELEASE

15 NOVEMBER 2002

         Kingfisher increases its holding in Castorama Dubois Investissements
                       to 99.40% of the issued share capital

Kingfisher notes the results of its re-opened public offering (the Offer) on the
equity and equity-linked securities issued by Castorama Dubois Investissements
(CDI), as published by the Conseil des Marches Financiers (CMF).

A total of 463,409 CDI shares and 2,614 May 1996-2003 convertible bonds were
tendered to the re-opened Offer.  Kingfisher now holds 99.40% of the issued
share capital of CDI (99.19% on a fully diluted basis).

The timetable for settlement of the securities tendered to the Offer will be
published by Euronext Paris SA.

Kingfisher now holds, directly or indirectly:


     158,343,042 CDI shares
     610,164 May 1996-2003 convertible bonds
     all 6,330 (unlisted) 1998-2003 convertible bonds issued by CDI
     all 4,878 (unlisted) 1999-2004 convertible bonds issued by CDI
     all 3,315 (unlisted) 2000-2005 convertible bonds issued by CDI
     all 4,036 (unlisted) 2001-2006 exchangeable bonds issued by CDI
     79,945 (unlisted) subscription warrants issued by CDI

                                                  -ends-

Broker and Institutional Enquiries
Ian Harding, Director of Investor Relations                 [phone]

Media Enquiries
Jonathan Miller, Head of Corporate Comms, UK                [phone]

Media Enquiries, France
Graham Fairbank, Head of Corporate Comms                   [phone]

The Maitland Consultancy
Duncan Campbell-Smith                                       [phone]

Kingfisher plc                                              [phone]

Kingfisher website                                          www.kingfisher.com


Notes To Editors



Kingfisher is Europe's leading home improvement retailer and is ranked number
three in the world. The Company operates more than 590 home improvement stores
in 12 countries and enjoys market-leading positions in the UK, France, Poland
and Taiwan. Sales for the Home Improvement sector for the year to 2 February
2002 were more than £5.8 billion, with retail profit in excess of £430 million.


Kingfisher's Electrical & Furniture business operates more than 830 stores in
nine countries. It is Europe's third largest electricals retailing business by
sales and number two by retail profit. As well as holding the leading position
in France and the number two position in the UK, Kingfisher also enjoys leading
positions in Belgium and in the Czech and Slovak Republics. Sales for the year
to 2 February 2002 were more than £3.7 billion, with retail profit of £184
million.




                      This information is provided by RNS
            The company news service from the London Stock Exchange