B Share Redemption

Marks & Spencer Group PLC
27 March 2006


Issued - 27 March 2006

Marks and Spencer Group plc - B Share Redemption and Dividend payment

Redemption of all outstanding B Shares and Final B Share Dividend payment

Marks and Spencer Group plc (the 'Company') announces that on 5 May 2006 (the
'Redemption date') the Company will redeem (the 'Redemption') all outstanding B
shares (the 'B Shares') remaining in issue at par value (70 pence).

As at 27 March 2006 there are 78,184,314 B Shares still in issue, with a total
value of £54,729,019.80.

The decision by the Company to redeem all outstanding B Shares is consistent
with the rights and restrictions attaching to the B Shares contained in the
circular sent to shareholders in February 2002 prior to approval at the
Extraordinary General Meeting of the Company on 28 February 2002.  A copy of
this circular can be found under the Shareholder Information section on the
Company website at www.marksandspencer.com/investorrelations

Holders of the B Shares  ('B Shareholders') will be entitled to receive a
dividend in respect of their B Shares for the period 26 March to 4 May 2006 (the
'B Share Dividend').

The B Share Dividend is payable at a rate of 75% of LIBOR (London Inter Bank
Offer Rate) in respect of the period 26 March to 4 May 2006.  The B Share
Dividend rate will be 0.2667 pence per B Share.

The Redemption proceeds and the B Share Dividend will be paid to holders of B
Shares in whose names the relevant B Shares are registered at the close of
business on the record date of 21 April 2006.

An explanatory letter containing further details of the Redemption has been sent
to B Shareholders.
Timetable of Events

27 March 2006     Announcement by Company of Redemption of all outstanding B Shares
                  Redemption notice sent to B Shareholders

21 April 2006     Record date

5 May 2006        Redemption date
                  Redemption money to B Shareholders
                  Dividend to B Shareholders


All B Shares will be cancelled following the Redemption and will not be
reissued. No further dividends will be payable to B Shareholders.

For further information please contact

Anthony Clarke - Corporate Governance - 020 8718 9940

Clair Foster - Corporate Press Office - 020 8718 8323


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