BOARD REMUNERATION

Marks & Spencer Group PLC
01 June 2004


Issued: Tuesday 1 June 2004


MARKS & SPENCER BOARD REMUNERATION


Marks & Spencer has today confirmed the remuneration payments for the new
appointments to its board.


Stuart Rose, Chief Executive, will be paid a salary of £850,000 with a maximum
bonus potential of 100% of salary.  He will also receive a signing-on fee of
£1,250,000, which will be paid on the six month anniversary of the start date of
employment or the end of any offer period, whichever is the latest.


Charles Wilson, executive director, will be paid a salary of £500,000 with a
maximum bonus potential of 100% of salary.  He will receive a signing-on fee of
£900,000 on the same terms as above.


Both Stuart and Charles are on a 12 month rolling contract from the company and
will be required to give six month's notice of termination.  Share options will
be granted in line with the normal level of recruitment grants, at the end of
any offer period and in line with scheme rules.


Paul Myners has indicated that he will not accept any additional salary for his
role as interim chairman.  His fee is currently £50,000.


The termination payments for Luc Vandevelde and Roger Holmes have also been
confirmed today. Luc and Roger are contractually entitled to these termination
payments, which are paid under the terms of their employment agreements.


Luc Vandevelde will receive 12 months payment in lieu of notice.  As Luc is paid
in shares, this will be 162,000 shares (13,500 shares x 12) to be purchased
within 14 days of 31 May 2004.  Luc gets no other payments as he is no longer
eligible for bonus, pension contributions or share options.


Roger Holmes will receive £620,000, which is 12 months payment in lieu of
notice.  In addition, he will be paid around £200,000 for loss of benefits.
This includes holiday pay, car and petrol, notional bonus entitlement and
pension supplement.


Both Luc and Roger are entitled to exercise their existing share options at
anytime within the next twelve months.





For further information, please contact:


Sue Sadler                          Corporate Press Office
                                    020 7268 8642







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