Directors' Dealings

Marks & Spencer PLC
26 January 2000

Dealings by Directors

Mr Alan McWalter has today purchased 2,000 shares at 294.25p in his own name.
Mr McWalter's total holding now stands at 2,000 shares.

Notification of Director's Interests

Following confirmation of the Option Price yesterday, the following director was
granted senior options on 24 January 2000 at a price of 305p per share.

The options below are exercisable between 3 and 10 years from the date of grant
and are subject to performance criteria on exercise (details of which can be
found in the 1999 Annual Report).

Name                            Number of shares
                                Granted

Alan McWalter                   360,655

The following options are exercisable between 5 and 10 years from the date of
grant and are subject to performance criteria on exercise (details of which can
be found in the 1999 Annual Report).

Name                            Number of shares      Total Holding Following
                                Granted               Notification

Alan McWalter                   360,655               2,000