Director Shareholding

Marks & Spencer Group PLC
28 March 2002


28 March 2002

DIRECTOR SHAREHOLDING

We have received confirmation today that, as a result of the capital
reorganisation, the following transactions have taken place:

  • On 25 March 2002 Laurel Powers-Freeling redeemed 3,261 B Shares held in a
    PEP at a price of 70p each.
  • On 25 March 2002 Mrs Carole Anthea Baldock redeemed 59,900 B Shares at a
    price of 70p each.
  • On 25 March 2002 Brian Baldock redeemed 5,000 B shares at a price of 70p
    each held in a PEP.
  • On 25 March 2002 Mrs Carole Anthea Baldock redeemed 5,000 B shares at a
    price of 70p each held in a PEP.
  • On 25 March 2002 Alison Clare Reed redeemed 2,000 B Shares held in a PEP
    and will be reinvesting the money within the PEP, which is registered in the
    name of Marks & Spencer Savings & Investments Limited.
  • As a result of the Scheme of Arrangement, two directors have incurred an
    income tax liability on shares held in the Restricted Share Plan. To meet
    this tax liability, the following transactions have been carried out:

     a. On 22 March 2002 Roger Holmes sold 57,494 Ordinary Shares at a price of
        389p each and on Monday 25 March 2002 redeemed 282,326 B Shares at a
        price of 70p each.
     b. On 22 March 2002 Alison Clare Reed sold 14,704 Ordinary Shares at a price
        of 389p each and on Monday 25 March 2002 redeemed 80,000 B Shares at a
        price of 70p each.

In addition

  • On 21 March 2002 Alison Clare Reed acquired 2 shares in Marks and Spencer
    Group p.l.c. at a price of 392.31p per share as a result of reinvestment of
    tax credit in a PEP. The shares are held in the name of Marks & Spencer
    Savings & Investments Limited.

  • David Ronald Norgrove exercised a Sharesave option on 23 March 2002 and
    acquired 3,633 shares at an option price of 322p each.

The Directors current holdings are as follows:

                                Ordinary Shares                   B shares

Luc Vandevelde                       654,160                       808,080
Roger Holmes                         173,588                         3,130
Alan McWalter                          9,714                        12,000
David Norgrove                        19,697                        19,849
Laurel Powers-Freeling                 2,639                             0
Alison Clare Reed                     61,617                         4,425
Brian Baldock                         56,584                             0
Anthony Ball                           1,619                         2,000
Jack Keenan                            3,238                         4,000
Kevin Lomax                           16,190                        20,000
Dame Stella Rimington                  2,791                         3,448



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